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2019-07-30 11:15:00

LUKOIL, ADNOC COOPERATION

LUKOIL, ADNOC COOPERATION

ABRussian oil giant Lukoil plans to acquire a 5 percent stake in the Ghasha offshore gas project in the UAE, according to CEO Vagit Alekperov.

The project is currently held by the Abu Dhabi National Oil Company (ADNOC).

"I hope we will sign [the document] on entry by 5 percent in September [or] October," Russia's TASS news agency quoted Alekperov as saying. "The active final part of negotiations is underway."

"We will buy from ADNOC,"…

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