LUKOIL signs MoU with Equatorial Guinea

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Russian energy multinational LUKOIL and the government of signed a on Wednesday at the Russia- Summit and Economic Forum, establishing a framework for joint cooperation in exploration.

The agreement was signed by ’s Minister of Mines and Hydrocarbons H.E. and President of LUKOIL Vagit Alekperov.

The agreement lays the foundation for LUKOIL to participate in exploration and production activities in the country, well as to apply its technical and commercial expertise in through the in-depth evaluation of a large number of existing assets.

Technical teams from both parties are expected to commence activities before the end of the year.

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