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LUKOY PJSC Lukoil (CE)

6.96
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PJSC Lukoil (CE) USOTC:LUKOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 6.96 0.00 01:00:00

Lukoil to Buy 9.99% Stake in Shah Deniz Gas Project After Downgrading Deal With Petronas

10/12/2021 10:43am

Dow Jones News


PJSC Lukoil (CE) (USOTC:LUKOY)
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By Jaime Llinares Taboada

 

Lukoil PJSC said Friday that it will acquire a 9.99% shareholding in the Shah Deniz natural-gas project offshore Azerbaijan from Petronas instead of the 15.5% stake previously announced.

The Russian energy company said the original deal was amended after negotiations with project partners on the implementation of pre-emptive rights.

As a result, the transaction value for Lukoil has been reduced to $1.45 billion from $2.25 billion.

The deal is expected to close in January.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

December 10, 2021 05:28 ET (10:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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