LUKoil has announced today it signed an agreement with the Japanese company Inpex on selling its stake in the project Azeri-Chirag-Gyuneshli. The deal amounts to $1.375bn, the press service of the Russian company reported. The sum is to be paid by monetary resources. LUKoil had a 10 percent stake in the project.
According to the provisions of the current agreements on the project Azeri-Chirag-Gyuneshli, it is necessary to obtain approval from the Azerbaijani State Oil Company and other participants of the consortium to finish the deal. As a result, LUKoil's deal is expected to be completed in the first half of 2003.
LUKoil President Vaghit Alekperov declared that his company would consider the possibility of withdrawing from other projects where LUKoil did not have the rights of an operator. LUKoil is still interested in exploring oil and gas reserves in the Caspian Sea region and maintaining close contacts with Azerbaijan, he added.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War