Marathon Completes Sale of Russian Businesses to LUKOIL

Marathon Oil has completed the sale of its Russian oil exploration and production businesses in the Khanty-Mansiysk Region of Western Siberia to OAO LUKOIL, acting through its subsidiary OOO "LUKOIL - Western Siberia". Under the terms of the agreement, signed and announced on May 15, 2006, LUKOIL has paid Marathon $787 million for these businesses, plus preliminary working capital and other closing adjustments of approximately $66 million, for a total transaction value of $853 million.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Account Manager - Levelland/Lubbock, TX Area
Expertise: Business Development|Production Operator
Location: Lubbock, tx
 
Account Manager - Levelland/Lubbock, TX Area
Expertise: Business Development|Production Operator
Location: Lubbock, tx
 
Project Coordinator, Pipeline Construction
Expertise: Project Management
Location: Spring, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours