BEIJING (AP) The chief executive of Russia's Lukoil said Monday the oil giant is looking for Chinese partners as it tries to expand its business in East Asia.
Vagit Alekperov said he would meet this week with Chinese state-owned oil giants to discuss areas for cooperation. The company has production ventures abroad with China's two biggest oil companies, PetroChina Ltd. and Sinopec Corp.
OAO Lukoil, Russia's second-largest oil producer, wants to increase exports of crude oil and refined products such as lubricants to China and other East Asian markets, Alekperov said.
"Our main aim is to expand exports of our oil and gas products to China," Alekperov told reporters. However, he said, "We do not have a detailed plan yet."
China is the world's fastest-growing energy market. U.S. government data show it overtook the United States in September as the world's biggest oil importer, driven by rising auto ownership and strong economic growth.