OAO Lukoil, Russia's largest independent oil producer, will pay 1.35 billion euros (US$2.1 billion) to form a venture with ERG SpA's Sicilian refinery and expand sales in Europe. Lukoil will gain 49 percent of the new company, which will control ERG' ...
Enel SpA, Italy's largest utility, expects to own about 60 percent of Russian power generator OGK-5 after completing an offer it made in November. "We presume it will be around 60 percent," Carlo Tamburi, Enel's head of international operations, ...
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