VOL. XLV
No 47
25-November-2002
CASPIAN
Lukoil Sells AIOC Stake To Japans Inpex
Russias Lukoil announced on 15 November that it had signed a non-binding term sheet with a major Japanese company, which MEES understands is Japans Inpex, for the sale of its 10% stake in the Azerbaijan International Operating Company (AIOC). A statement released by Lukoil said that it had agreed to sell its entire interest in the offshore Azerbaijan Azeri-Chirag-Guneshli (ACG) project, which is being developed by the...
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