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
