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Reuters: Conoco may take fourth-quarter writedown for Lukoil: analysts

Started by chris, January 13, 2009, 10:01:13 PM

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chris

Conoco may take fourth-quarter writedown for Lukoil: analysts
      


HOUSTON (Reuters) - U.S. analysts said on Tuesday that ConocoPhillips  may need to take a big write-down in the fourth quarter related to its investment in Russian oil major Lukoil , as weakness in the crude oil market and other factors sap the value of the venture.<div class="feedflare">
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