LUKOIL signs MoU with Equatorial Guinea

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

The agreement was signed by Equatorial Guinea’s Minister of H.E. Gabriel Mbaga and President of LUKOIL .

The agreement lays the foundation for LUKOIL to participate in exploration and production activities in the country, as well as to apply its technical and commercial expertise in Equatorial Guinea 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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