LUKOIL signed amendments to the agreement on the acquisition from Petronas of a stake in the Shah Deniz project (Azerbaijan), concluded on October 7, 2021.
“In accordance with the new agreements, the share acquired by LUKOIL is reduced from 15.5% to 9.99%, and the transaction amount is proportionally reduced from $ 2.25 billion to $ 1.45 billion.
The signing of these changes was the result of negotiations with partners in the Shah project. -Deniz on the issue of implementation of preemptive rights”, the Russian company reports.
The transaction is expected to be closed in January 2022, the Russian company said.
Thus, LUKOIL’s share in the project will increase from 10% to 19.99%.
In addition, SOCAR acquires 4.35% of the Petronas share, and BP 1.16%.
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