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Lukoil increased interest in Shah-Deniz project

Friday, February 18 2022

Fossil Energy – Interest

Lukoil completed the transaction of buying a 9.99% interest in the Shah-Deniz gas project from Petronas.

Шах Дениз – вечер

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.

Related posts:

  1. Large fire erupts at Caspian Sea
  2. Lukoil starts exploration drilling at Block 12 in Mexico
  3. Bumi Armada to sell three ice-class vessels to Lukoil
  4. BP spuds new exploration well on Shah Deniz

Filed Under: Caspian Sea, International News, Lukoil Tagged With: Caspian Sea, interest, Lukoil, Shah-Deniz


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