LUKOIL SOLD 50%
PJSC LUKOIL closed a deal to sell its 50% share in Caspian Investments Resources Ltd. to China-based Sinopec. The required permits from the state authorities of the Republic of Kazakhstan were acquired in late July 2015.
According to the contract LUKOIL receives USD 1,087 million.
Caspian Investments Resources Ltd. has been participating in the development of 5 hydrocarbon fields in Kazakhstan (Alibekmola and Kozhasai in the Aktyubinsk Region and Karakuduk, North Buzachi and Arman in the Mangistau Region).
LUKOIL joined these projects in December…
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