Gazprom and Lukoil will found joint venture for the Barents Sea shelf development

Gazprom and Lukoil will found a joint venture for the Barents Sea shelf development in late 2014, the chief of Lukoil, V. Alekperov claims. They will distribute the shares as of 34% to Lukoil and 66% to Gazprom. The project will be financed in accordance with the shares of the participants. The enterprise will operate at the Medvezhy block.

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