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Home Business News Corporate deals

Deal: Russian Lukoil Buys 65% Of Ivorian Oil Block From Nigerian Company

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
in Corporate deals
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Russian oil company Lukoil has acquired a 65 percent stake in the exploration, development and production project on block CI-504 offshore the Republic of Cote d’Ivoire in the Gulf of Guinea.

Lukoil, the largest privately held oil company in Russia, said in a statement Tuesday that the stake in the offshore oil block was acquired from a private Nigerian company Taleveras Energy, which will still retain 25 percent after this transaction.

 

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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