The lumbering giant. Interview with Leonid Fedun, vice-president

With the second-largest reserves of any privately owned oil company, Lukoil has massive untapped assets. Yukos' demise has returned Lukoil to the limelight and its $2bn deal with ConocoPhillips could mean the Russian major is ready to shake off its stuffy, bureaucratic image. Steve Hawkes talks to Leonid Fedun, the company's vice-president