VOL. XLV

No 51/52

23/30-December-2002

CASPIAN

Lukoil To Hold On To Shah Deniz Partnership, Will Sell AIOC Stake To Japans Inpex

Russias Lukoil said in a statement on 17 December that it will continue to be a partner in Azerbaijans offshore Shah Deniz gas project and not offer its shares for sale. Earlier this year Lukoil announced that it would withdraw from projects in Azerbaijan in which it was not the operator (MEES, 25 November) and that it and its partner in LukAgip, Italys Eni, were...