"Lukoil has not received any takeover offers and does not expect one, its chief said Thursday, after it became the latest Russian oil company to face speculation that it could be a target for state oil company Rosneft.
Since its record $55 billion deal to buy TNK-BP, creating the world's largest listed oil producer and by far the largest in Russia, Rosneft has been the subject of speculation that it will embark on a fresh buying spree despite large debts.
Its powerful CEO, Igor Sechin, an ally of President Vladimir Putin, has fashioned Rosneft into an instrument of state control of the oil industry, and many industry sources believe that it could pursue more acquisitions, including large ones."
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