ConocoPhillips Completes Sale of Lukoil Stake



MOSCOW (Dow Jones Newswires), Feb. 8, 2011

U.S. oil major ConocoPhillips has completed the sale of its remaining stake in Lukoil, selling over 6% of shares in the company on the open market since Sep. 26, the Russian oil producer said Tuesday.

The U.S. company had earlier in the year said it would begin shedding its near-20% stake in Lukoil as part of a major restructuring program, marking an end to one of the premier international investments into Russia's oil and gas sector.

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