LUKoil in Talks to Sell Out of Venezuela Oil Project | Business | The Moscow Times:
"The country's second-largest oil producer, LUKoil, has been in talks with international majors about selling its stake in a consortium developing a large oil project in Venezuela, Kommersant reported Friday, citing sources.
LUKoil declined immediate comment.
The company said in October that it wanted to sell its 20 percent stake in the Russian Junin-6 consortium developing heavy oil in the Orinoco basin to focus on other projects. The group is led by Russian state oil major Rosneft and also includes Gazprom Neft.
Rosneft's head, Igor Sechin, has said it is considering buying LUKoil's stake in the group."
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