Middle East Economic Survey
VOL. LIII
No 28
12-Jul-2010
CASPIAN
Lukoil And Vanco Win Two Romanian E&P Licenses
Russias Lukoil, and US independent Vanco International were awarded on 4 July by the Romanian National Agency of Natural Resources exploration and production (E&P) licenses for two Black Sea blocks. Equity will be held 80% by operator Lukoil and 20% by Vanco. Lukoil said the Est Rapsodia and Trident licenses cover a total of 2,000 sq km and lie 60-100 km off the northeast Romanian...
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