LUKOIL wants to be the operator of the Dostlug project in the Caspian Sea

LUKOIL would like to be the operator of the Dostlug project in the Caspian Sea, the president of the company Vagit Alekperov told reporters on the sidelines of the St. Petersburg International Economic Forum.

“Consultations are underway on Dostlug, an intergovernmental agreement is being prepared. We would like to be operators, we do not know the share yet,” he said.

In mid-March, the company announced its intention to take part in the development of a field in the Caspian, which Azerbaijan and Turkmenistan are planning to develop jointly.

According to experts, Dostlug’s reserves are estimated at 50 million tons of oil. For many years the field was considered controversial: Ashgabat called it “Serdar” and considered it its own. The Azerbaijani side called this field Kapaz and disputed its ownership.

According to the Azerbaijani media, an intergovernmental agreement is currently being prepared between Azerbaijan and Turkmenistan, according to which Dostlug’s hydrocarbon resources will be distributed between the parties in a ratio of 30% (Azerbaijan) and 70% (Turkmenistan).

Caspian Barrel