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Lukoil CEO: Have reached deal with Total on joint bid on Lebanon tenders

BY CELINA WILLIAMS

LONDON -- Lukoil, Russia' s No. 2 oil producer, has reached a deal with France' s Total for a joint bid on tenders for offshore hydrocarbon projects in Lebanon, Lukoil' s chief executive, Vagit Alekperov, said.

"In Lebabnon, we have reached agreement with Total about joint participation in the tender and will be partners with them," Mr. Alekperov told reporters.

Lukoil has in recent years been looking abroad to offset production declines at its core fields in Western Siberia.

Dow Jones Newswires

03/07/2013

 

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