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    1. Regional Reports

    Lukoil switches offshore Kazakhstan focus

    April 17, 2014
    Lukoil has agreed to sell its 50% stake in Caspian Investment Resources (CIR) to Sinopec for about $1.2 billion.

    Offshore staff

    MOSCOW – Lukoil has agreed to sell its 50% stake in Caspian Investment Resources (CIR) to Sinopec for about $1.2 billion.

    CIR has interests in four hydrocarbon-production projects inKazakhstan.

    Lukoil plans to reallocate its resources to exploration projects, including in the Kazakh sector of theCaspian Sea.

    04/17/2014