MOSCOW, Oct. 6 (Xinhua) -- Russia's largest private oil company Lukoil was mulling over the possibility of IPO in China's Hong Kong, or Singapore in 2011, the company's vice CEO and co-owner, Leonid Fedun, said on Wednesday.
"Our task is to extend the range of possibilities for our shareholders," said Fedun at the international investment forum "Russia calling."
However, Fedun stopped short of revealing the volume of such an IPO, but reminded that Lukoil’s shares have been traded in New York, London and Frankfurt, said the RIA Novosti news agency.
Experts said Lukoil might use the 9.6-percent-stocks it bought from the U.S. ConocoPhillips for the IPO.
Fedun said Lukoil has also been considering proper banks to underwrite the stock issue.
"I think this will happen next year," said Fedun, who possessed 10 percent of Lukoil’s shares.
