Lukoil Signs Agreement with Kazakh Energy Company KazMunayGas
By Matteo Castia
Lukoil PJSC said Thursday it has signed an agreement with Kazakh
energy group JSC NC KazMunayGas on the Al-Farabi project in the
Caspian Sea's Kazakh sector.
Following the principles agreement signed in June 2019, this
deal defines rights and obligations of the two companies as future
license holders under the project, said the Russian oil
Lukoil and KazMunayGas are aiming to establish a joint venture.
It would be 50.01%-owned by KazMunayGas, with Lukoil holding the
Write to Matteo Castia at email@example.com
(END) Dow Jones Newswires
October 08, 2020 03:27 ET (07:27 GMT)
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