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Russia's second largest oil company, LUKoil (Лукоил) is the largest producer of oil in Russia. Its international company is called LUKoil Overseas Holding.
In September 2004, ConocoPhillips purchased a 7.6 percent stake in Lukoil and signed an agreement that could increase this figure in the future to up to 20 percent. [1] (http://cbs.marketwatch.com/news/story.asp?guid=%7B56C0121D-4D87-4538-B02F-EF0DB9434F35%7D&siteid=google&dist=google). The two oil companies have agreed to jointly develop an oil and gas field in the northern Timan-Pechora area of Russia and intend to secure the right to jointly develop the West Qurna Field in Iraq - one of the country's largest.
[2] (http://english.pravda.ru/comp/2002/06/05/29745.html)
[3] (http://www.russiajournal.com/news/cnews-article.shtml?nd=41450)
External links
Lukoil official site (http://www.lukoil.com)
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