Lukoil Plans Nigerian Investment

Tuesday, November 25, 2014

Russian major Lukoil revealed that it plans to invest in Nigeria partnered with US major Chevron. The partnership with Chevron is part of the Russian firm’s push toward opportunities away from Russia’s state-dominated oil sector.

“We have decided to enter a joint block with Chevron in a project in Nigeria, which we consider to be promising,” Chief Executive Vagit Alekperov told reporters in Moscow. He declined to name the project and provided no detail.

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