Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal
Russian oil and gas company Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project, located in Azerbaijan’s sector of the Caspian Sea, effectively raising its stake in the project. The initial agreement for the acquisition of 15.5 per cent interest in the Shah Deniz project was signed in October 2021 to …
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