Lukoil seeks Chinese partners to expand business in East Asia
Print Edition
The chief executive of Russia’s Lukoil said yesterday the oil giant is looking for Chinese partners as it tries to expand its business in East Asia.
Vagit Alekperov said he would meet this week with Chinese state-owned oil giants to discuss areas for cooperation. Lukoil has production ventures abroad with China’s two biggest oil companies, PetroChina Ltd and Sinopec Corp.
OAO Lukoil, Russia’s second-largest oil producer, wants to increase exports of crude oil and refined products such as lubricants to China and other East Asian markets, Alekperov said.
“Our main aim is to expand exports of our oil and gas products to China,” Alekperov said. However, he added: “We do not have a detailed plan yet.”
China is the world’s fastest-growing energy market. US government data show it overtook the United States in September as the world’s biggest oil importer, driven by rising auto ownership and strong economic growth.
Other Russian energy firms operate two pipelines to move oil to China and one to deliver gas but further development has been slowed by lack of a deal on prices and other disputes.
Alekperov said Lukoil also wants closer collaboration with Chinese partners abroad. He said his company wanted a Chinese partner to help develop an oilfield in Iraq but failed to find one.
Alekperov ranked fifth on Forbes magazine’s list of the wealthiest Russian businesspeople this year with a net worth of US$14.8 billion.
Lukoil, which is listed on the London stock exchange, has said it also wants a listing in Hong Kong but Alekperov said that was delayed by regulatory hurdles.
Such a listing would be the second major Russian presence in the Hong Kong market following UC Rusal, an aluminum producer that listed in 2010.
“Listing on the Hong Kong market will be a strategic step for us,” said Alekperov. “It will be an effective way for us to enter the China market.”
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
