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...The ties between the Franco-Israeli billionaire and GOI Energy, which bought the Sicilian refinery from Lukoil this year with support from the commodity trader Trafigura, raise questions over the sale and...
...Russia’s Lukoil agreed in January to sell its Sicilian ISAB refinery to GOI Energy, a newly established branch of the Cypriot private equity group Argus....
...Moscow, forcing it to rely solely on supplies of Russian oil from Lukoil....
...Sofia on Friday introduced a Lv20 (€10) excise tax per megawatt-hour of transiting Russian gas, days after it hit the Russian-owned Lukoil refinery on its Black Sea shore with a 60 per cent tax on profits...
...It sold its service stations in the country to Lukoil in May 2022....
...Deprived of investment opportunities abroad, Russians have piled their savings into the likes of Lukoil, Gazprom and Sberbank, which combined account for about 40 per cent of the stock market’s total value...
...Crossbridge had been in on-off talks with Lukoil for several months....
...Economic development minister Adolfo Urso said Italy would come up with a solution for the Lukoil refinery by mid-December....
...ISAB Lukoil did not respond to a request for comment....
...Both Lukoil and Crossbridge hope this month to conclude talks that have been under way since the summer....
...Maganov, 67, worked at Lukoil for nearly 30 years and became chair in 2020....
...Trafigura said on Monday it was working with an Israeli-backed private equity fund that is buying a refinery from Russia’s Lukoil in Sicily, with the trading house set to provide working capital, crude supplies...
...Maxim Donde, Lukoil’s vice-president for refined products sales, said “the acquisition of Shell’s high-quality businesses in Russia fits well into Lukoil’s strategy to develop its priority sales channels...
...But he insisted Lukoil and its management had no influence over political decisions or processes....
...While Rosneft and Gazprom have joint ventures with the likes of BP and Shell to develop new assets in the far north and far east of the country, they and Lukoil have tended to operate their main producing...
...Before the market opened on Thursday, the LSE said it was suspending trading with immediate effect in more than two dozen companies, including En+, Sberbank, Gazprom, Lukoil and Polyus....
...The UK’s Shell last week agreed to sell its retail and lubricants businesses in Russia to Lukoil, the first big deal in the oil and gas sector....
...The transaction is backdated to January 1 and Lukoil will reimburse development costs for 2020, which the company has said are roughly $330m....
...Lukoil also pointed to the positive impact of higher hydrocarbon prices and output over the year....
...That is enough to help it surpass Rosneft and Lukoil, the country’s top two crude producers, to become the second most valuable company on the exchange....
...Lukoil’s net profit rose to Rbs183.8bn ($2.75bn) in the three months to September, from Rbs97.2 a year ago....
...Russian oil company Lukoil on Thursday announced the start of its $3bn share buyback program, part of a slew of recent investor-friendly initiatives by the country’s energy groups....
...Gazprom shares were up 1 per cent, Lukoil shares were 1.3 per cent higher and Surgutneftegas stock was up 1.7 per cent....
...Lukoil has said it will buy back $3bn worth of its shares over the next five years, while Rosneft last month announced its first ever $2bn buyback programme through 2020....
...When chief executives such as Herman Gref of Sberbank or Vagit Alekperov of Lukoil attend international conferences, they are treated as respectfully as any west European executive....
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