Lukoil increased interest in Shah-Deniz project

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.

Original Source: https://ocean-energyresources.com/2022/02/18/lukoil-increased-interest-in-shah-deniz-project/