Advertisement
Australia markets open in 7 hours 39 minutes
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.6503
    +0.0003 (+0.05%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.59
    -0.22 (-0.27%)
     
  • GOLD

    2,342.70
    +4.30 (+0.18%)
     
  • Bitcoin AUD

    98,476.02
    -910.55 (-0.92%)
     
  • CMC Crypto 200

    1,387.30
    +4.73 (+0.34%)
     

Russia's Lukoil sells Kazakhstan stakes to China's energy giant

Lukoil's revenues fell 10 percent to 1.309 trillion rubles in comparison to last year

Russia's largest private oil firm Lukoil has sold some of its Kazakhstan stakes to China's energy giant Sinopec for $1.09 billion, the company said Thursday.

Lukoil has offloaded its 50 percent share in Caspian Investments Resources, which operates five fields in the Central Asian nation, the statement said.