MOSCOW (AFX) – LUKoil said it has signed a declaration of intent to sell its 10% stake in Azerbaijan’s Azeri-Chirag-Guneshli offshore oil field in the Caspian sea to a Japanese oil group for US$1.25 billion. Last month, a source said LUKoil was selling the stake to Itochu Corp for “a little over US$1 billion” ….

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