News
01 April 2021

Lukoil pulls out of race for Sangomar

In:
Oil & gas
Region:
Middle East & Africa

Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal. FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2.2c cash...

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