News
08 October 2021

Lukoil paying $2.25bn for Shah Deniz stake

In:
Oil & gas
Region:
Asia-Pacific, Europe

Russian oil and gas giant Lukoil has concluded an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project, in the Azerbaijan sector of the Caspian Sea, from Petronas.Lukoil said that the value of the transaction would amount to $2.25 billion. The completion is subject to...

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