Source Pravda.Ru

LUKoil to sell its stake in oil projects in Sakhalin and Morocco

The leadership of the Russian oil company LUKoil made a decision to sell the stake of its subsidiary, LUKoil Overseas Holding Ltd., in oil projects in Sakhalin, a Russian region, and Morocco. Thus, the oil giant completed the process of reorganization of Bitech Petroleum Corporation, which LUKoil Overseas Holding bought in July 2001, the press service of LUKoil reported.

The source explained that oil deposits in Sakhalin and Morocco were found non-perspective after the corresponding economic analysis. The further participation of LUKoil in these projects would have had a negative impact on its financial and economic activities as well as on LUKoil's investment attractiveness.

LUKoil authorities made a decision to concentrate on the exploration and development of promising deposits in the Komi republic of Russia, in Columbia and in Egypt.

Visit to &to=http://www.lukoil.com/index.html' target=_blank>LUKoil

&to=http://www.rosbalt.com' target=_blank>RosBalt

Presidential candidate Ksenia Sobchak, who was accredited for the press conference by Vladimir Putin from Dozhd (Rain) television channel, asked Putin about competition at the coming election

Putin to Sobchak: We will never let them turn Russia into another Ukraine
Comments
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Socialite Ksenia Sobchak runs for Russian President
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
Capitalism reduced Indonesian cities to infested carcases
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Tel Aviv, Jerusalem, capitals and puppets
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russian politician says Donald Trump extremely dangerous for Russia
North Korea says Trump makes first step towards nuclear war
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Should Russian athletes go to non-Olympic Games in South Korea?