MOSCOW, Dec 23 (Reuters) - Russia's largest independent oil producer Lukoil said on Monday it has sold its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer Rosneft.
Lukoil, Russia's No.2 oil producer, last year said it wanted to sell its stake in the Russian Junin-6 consortium developing heavy oil in the Orinoco basin, in order to focus on other projects.
The group is led by Rosneft and also includes Gazprom Neft.
(Reporting by Lidia Kelly and Olesya Astakhova, editing by William Hardy)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you