LUKoil sells its share in Caspian project to Japanese company

LUKoil Overseas, one of the Russian oil giant's subsidiaries, sold its stock in the Azeri-Chirag-Guneshli project to the Japanese oil company Inpex for some $1.354bn, a LUKoil official reported today. Azeri-Chirag-Guneshli is an offshore oil field in the Caspian Sea. LUKoil first announced its plans to sell its share in Azeri-Chirag-Guneshli in late 2002. The plan became a reality after BP and the Azerbaijani State Oil Company GNKAR gave their consent to the deal.

© &to=' target=_blank>RBC

Subscribe to Pravda.Ru Telegram channel, Facebook, RSS!

Author`s name Editorial Team