Parity in project in Saudi Arabia proposed to Lukoil
Edited by Rhod Mackenzie / 2015-06-24 10:24:02
Lukoil may reduce its stake in the project in Saudi Arabia. Its partner Saudi Aramco wants to increase its stake in the joint venture, now it owns only 20%. If the deal takes place, the companies will develop the project on parity basis.
Lukoil is in talks with Saudi Aramco to increase the share of the Saudi company in the block A, the Interfax quotes president of the Russian company Vagit Alekperov. "They are interested in increase of their stake to 50%," - said Alekperov.
