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RUSSIA'S LUKOIL IN TALKS WITH FRANCE'S TOTAL ON LEBANESE SHELF PROJECTS
ST. PETERSBURG, June 20 (Itar-Tass) - Russia's oil major LUKoil
continues negotiations with France's Total on cooperation on Lebanon's
shelf, LUKoil President and co-owner Vagit Alekperov told Itar-Tass
on Thursday in the sidelines of the Petersburg International Economic
Forum.
"We are in talks, negotiating joint participation in a tender,"
he said.
According to earlier reports, Russian companies Rosneft, Lukoil and
Novatek in April 2013 pre-qualified for participation in the first
licensed round for prospecting works on Lebanon's shelf. In all, there
are applications from 52 companies from 25 world nations. Offers will
be considered till January 2014, and the winner will be announced in
February 2014.
Rosneft plans to develop the Lebanese shelf in alliance with U.S.
ExxonMobil. LUKoil is expected to take part in the tended in
partnership with France's Total, and Novatek - in partnership with
GPB Resources (Gazprombank's subsidiary).
Earlier, LUKoil's president said that his company's share in a
consortium with French Total for the development of the Lebanese
shelf might be 20 percent.
ST. PETERSBURG, June 20 (Itar-Tass) - Russia's oil major LUKoil
continues negotiations with France's Total on cooperation on Lebanon's
shelf, LUKoil President and co-owner Vagit Alekperov told Itar-Tass
on Thursday in the sidelines of the Petersburg International Economic
Forum.
"We are in talks, negotiating joint participation in a tender,"
he said.
According to earlier reports, Russian companies Rosneft, Lukoil and
Novatek in April 2013 pre-qualified for participation in the first
licensed round for prospecting works on Lebanon's shelf. In all, there
are applications from 52 companies from 25 world nations. Offers will
be considered till January 2014, and the winner will be announced in
February 2014.
Rosneft plans to develop the Lebanese shelf in alliance with U.S.
ExxonMobil. LUKoil is expected to take part in the tended in
partnership with France's Total, and Novatek - in partnership with
GPB Resources (Gazprombank's subsidiary).
Earlier, LUKoil's president said that his company's share in a
consortium with French Total for the development of the Lebanese
shelf might be 20 percent.