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Opinion

Lukoil takes Petronas’ Shah Deniz stake in US$2.25bn deal

What does it mean for the Russian operator's Caspian Sea growth strategy?

1 minute read

Kevin Swann

Senior Research Analyst, Upstream

Kevin is an expert in UK upstream research and has extensive experience working across the sector.

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Lukoil recently announced the US$2.25 billion acquisition of Petronas' 15.5% stake in the giant BP-operated Shah Deniz gas-condensate field, offshore Azerbaijan. It's the largest M&A deal in the Caspian region since 2015.

What's the background of the deal? What are the implications for Lukoil's growth strategy in the region? And what could be next for the Russian operator? Using  our Lens platformwe've drilled into the details.

 

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Our detailed Insight evaluating the impact and implications of this major transaction is available on our store

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