Gazprom Neft, LUKoil drafting deal to set up JV

Gazprom Neft and LUKoil are preparing an agreement to set up a joint venture, the LUKoil chief executive told reporters according to RIA Novosti.

Vagit Alekperov said details of the deal between energy giant Gazprom's main oil producing asset and LUKoil, Russia's largest crude producer, would be revealed later.