VOL. XLVI

No 18

05-May-2003

CASPIAN

Lukoil Announces Completion Of Sale Of AIOC Shares To Inpex

Russias Lukoil announced on 28 April that it had completed the sale of its 10% share in the Azerbaijan International Operating Company (AIOC) and its production sharing agreement for the offshore Azeri-Chirag-Guneshli (ACG) oilfields to Japans Inpex for $1.354bn. A statement released by Lukoil said its affiliate Lukoil Overseas BVI Ltd has completed the sale to Inpex Southwest Caspian Sea Ltd, an...