By Ian Walker

 

Lukoil PJSC said Thursday that it has bought a 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from Petronas for $2.25 billion.

The Russian oil-and-gas company said that following the acquisition it will have a 25.5% share in the project.

BP PLC is operator of the project with a 28.8% share.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

October 07, 2021 10:56 ET (14:56 GMT)

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