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.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Analyst
Expertise: Business Analyst|Business Development
Location: Chesapeake, VA
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours