Lukoil, Mittal Form Kazakhstan JV

Lukoil Overseas has completed the sale of a 50% share in Caspian Investments Resources Ltd. to Mittal Investments.

Caspian, formerly a 100% subsidiary of Lukoil Overseas, is now a 50/50 joint venture between Lukoil Overseas and Mittal Investments with oil producing assets in Kazakhstan. The value of the deal is US$980 million.

Mittal Investments has also assumed a commitment to fund 50% of the outstanding debt of Caspian Investments Resources Ltd.--an amount equal to approximately US$175 million.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr. Electronics Engineer
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours