Closing of deal between Rosneft and Sweden Lundin is postponed

Completion of a deal of purchase of 51% in Petroresurs, which holds the license for Lagansky block on the Caspian shelf, by Rosneft has been postponed indefinitely, including because of the sanctions, Lundin Petroleum reported. "The completion of the transaction with Rosneft is indefinitely due to a number of factors, including the sanctions. Lundin Petroleum is currently seeking for alternative solutions of cooperation in the development of the Lagansky block,"- the Swedish company’s report for the third quarter says. Lundin previously reported that it planned to close the deal in the first half of 2014. Rosneft doesn’t comment on the Lundin’s message.