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” ….
AZERBAIJAN: LUKoil to sell stake in Azeri Caspian field to Japanese group for US$1.25 billion
Posted on December 5, 2002 by EnergyAsia