VOL. XLVI

No 14

07-April-2003

CASPIAN

Azerbaijan Taxes Stymie Lukoils Sale Of ACG Assets To Inpex

Russias Lukoil said on 1 April that its plans to sell its 10% share in the Azerbaijan International Operting Company (AIOC), which is developing Azerbaijans main offshore project, the Azeri-Chirag-Guneshli (ACG) oilfield, have been held up by negotiations with the Azerbaijani government over how much tax Lukoil should pay on the deal. Lukoil announced last December that it would sell its share in the...