Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

CASPIAN

Lukoil Will Keep Shares In Shah Deniz

The president of Russias Lukoil, Vagit Alekperov, said on 20 September that the company would keep its 10% share in Azerbaijans offshore Shah Deniz natural gas project. Russias Interfax news agency quoted Mr Alekperov as saying that Lukoil did not have that many projects in Azerbaijan, and we wouldnt like to withdraw from the countrys oil industry. So we have decided to continue...