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As ConocoPhillips Exits Russia, Tehran and Moscow Strengthen their Energy Ties

As ConocoPhillips Exits Russia, Tehran and Moscow Strengthen their Energy Ties

ConocoPhillips sells stake in Rosneft joint venture

Five years ago, U.S. oil major ConocoPhillips (ticker: COP) sold its single largest asset in Russia, a stake in Lukoil (ticker: LKOH), for $9.5 billion.

Last week COP announced that it has sold …