LUKOIL

“bp” reveals reasons of selling part of SWAP stake to LUKOIL

By
ЛЯМАН ЗЕЙНАЛОВА

“bp” has decided to hold a 25 percent equity share in the Shallow Water Absheron Peninsula (SWAP - Shallow Water Absheron Peninsula) project in Azerbaijan with a belief that this will enable the company to evenly distribute its investment potential in Azerbaijan and to redeploy capital to other areas of its business in line with the company’s strategy, bp Azerbaijan stated.

LUKOIL is currently not considering participating in the Umid-Babek project in Azerbaijan

By
„Interfax”

“LUKOIL” will not participate in the “Umid-Babek” project in the Azerbaijani sector of the Caspian Sea so far. “LUKOIL” president Vagit Alekperov told this to the reporters on the sidelines of the “VTB Capital” forum – “Russia is Calling!”.

“So far, we are not looking at “Umid-Babek”, SOCAR has decided to develop it independently”, said Alekperov, according to “Interfax”.

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