Lukoil’s new model would need to take into account the company’s loss of a strategic investor, namely the U.S.-based ConocoPhillips. The head of Lukoil Mr. Vagit Alekperov said that the company’s management decided to acquire a sizeable percentage of its own shares of stock. 

Mr. Vadim Zhivov, who is now the director of the Russian uranium-mining company Atomredmetzoloto is expected to receive an appointment as the president of the Canadian company Uranium One. The companies are now finalizing an asset-swap transaction.

China’s power company Yangtze Power will acquire a significant stake of EuroSibEnergo, a subsidiary of En+. Group En+ controls the energy sector companies held by Basic Element, a company of Oleg Deripaska.