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

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 platform, we've drilled into the details.

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