LUKOIL RENEWS INTEREST IN NIGERIA, OTHERS IN QUEST FOR RESERVES REPLACEMENT

LUKOIL RENEWS INTEREST IN NIGERIA, OTHERS IN QUEST FOR RESERVES REPLACEMENT
January 17, 2018 Advocaat Law Practice

Lukoil Russias second largest crude producer is ready to expand its upstream portfolio with new or recently acquired assets both in Russia and abroad, including in Iraq, Iran, Mexico and West Africa, as it seeks to replace its reserves to maintain crude production levels.The growth points include assets in West Africa.The company now considers the region one of its priorities and is and is considering buying into new already-producing assets in Nigeria.