Venezuela Power Outage May Speed Lukoil's Exit
Massive power outage recently seen again in Caracas, Venezuela may cause Russia's second largest oil producer Lukoil to seek more stable growth. Considering the company's CEO said last month they wanted to expand Lukoil's presence in China with increased exporting of oil and gas, the recent power outage in Venezuela, which affected 70% of the country's population, may only intensify the allure of gaining Asia partners, especially since they already have relationships with PetroChina and Sinopec .
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The article Venezuela Power Outage May Speed Lukoil's Exit originally appeared on Fool.com.John Licata has no position in any stocks mentioned. You can follow John on Twitter @bluephoenixinc.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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