Lukoil increases stake in Shah Deniz project
Published by Nicholas Woodroof,
The value of the transaction will amount to US$2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval by SOCAR, the State Oil Company of the Azerbaijan Republic.
Following completion of the sale, Lukoil's interest in the project will increase from 10% to 25.5%. The other parties to the project are BP (operator, 28.8%), TPAO (19%), SOCAR (10%), NICO (10%), and SGC (6.7%).
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Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/08102021/lukoil-increases-stake-in-shah-deniz-project/
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