Fossil Energy – Interest
Lukoil completed the transaction of buying a 9.99% interest in the Shah-Deniz gas project from Petronas.
The transaction value is approximately $1.45 billion.
Following the completion of the deal, Lukoil increased its share in the project from 10% to 19.99%.
The Shah Deniz gas condensate field is located in the Azerbaijan sector of the Caspian Sea, 70 kilometres southeast of Baku.