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Russia's Rosneft not planning to buy Lukoil - The Independent cites CEO

Fri, 13th Feb 2015 07:34

MOSCOW, Feb 13 (Reuters) - Russia's largest oil producerRosneft is not planning to buy rival Lukoil,Igor Sechin, Rosneft's chief executive, told The Independentnewspaper in an interview published on Friday.

Last year Lukoil denied a report that Leonid Fedun, a majorshareholder, planned to sell his 9.77 percent stake in thecompany. The report spurred rumours as to who could buy thestake, and Rosneft's name was mentioned.

Asked if he might consider more deals, such as a takeover ofLukoil, Sechin laughed, saying: "What does Lukoil have to dowith that? In crisis there is always a good opportunity formergers and acquisitions, but we are not looking at Lukoil." (Reporting by Katya Golubkova and Alexander Winning)

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