Publication: Monitor Volume: 2 Issue: 75

Russia’s LukOil company president Vagit Alekperov said yesterday that the California-based Chevron oil company has agreed to sell LukOil a 10 percent stake in the Tengiz-Chevron project in Kazakhstan, but that Lukoil will seek more. The government of Kazakhstan for its part recently announced that it intends to sell a 20 percent stake in the project to the U.S. company Mobil Oil. Chevron and Kazakhstan are the project’s founders, with a stake of 50 percent each. (Petroleum Information Agency, April 16)

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