Middle East Economic Survey


No 9



Lukoil Overseas Announces 20% Investment Budget Cut, Confirms Saudi Gas Find

Lukoil Overseas CEO Andrei Kuzyayev told reporters in Moscow on 24 February that the company will have to pull out of several of its international engagements due to the effects of the financial crisis, although it was determined to continue investment in regions of strategic importance such as offshore West Africa and Central Asia. He said the company has...