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...