November 30, 2010 / 1:10 PM / 8 years ago

Russia LUKOIL to invest $900 mln in W.Africa '11-'12

MOSCOW, Nov 30 (Reuters) - LUKOIL (LKOH.MM), Russia’s No.2 oil producer, plans to invest about $900 million in West Africa in 2011-2012, investor relations head Andrei Gaidamaka said on Tuesday.

The company also said that U.S. major ConocoPhillips (COP.N) still holds 2-4 percent of Lukoil, after cutting its stake from 20 percent earlier this year.

Reporting by Alfred Kueppers;editing by Jessica Bachman

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