Russia's Lukoil Seeks Buying Petrobras' Stakes In 2 Nigerian Oil Fields- Nigerian Ministry

Russia's Lukoil Seeks Buying Petrobras' Stakes in 2 Nigerian Oil Fields- Nigerian Ministry

Russia's Lukoil is showing interest in buying Brazilian Petrobras' stakes in two oil production projects in Nigeria, the Nigerian Ministry of Petroleum Resources said on Wednesday

MOSCOW (UrduPoint News / Sputnik - 09th October, 2019) Russia's Lukoil is showing interest in buying Brazilian Petrobras' stakes in two oil production projects in Nigeria, the Nigerian Ministry of Petroleum Resources said on Wednesday.

Nigerian Petroleum Minister Timipre Sylva received a delegation representing Lukoil on Tuesday, according to the ministry.

"The LUKOIL delegation expressed their commitment to finalize the ongoing investment decision towards acquiring stakes from Brazil's Petrobras in two Nigerian fields in addition to actively recruiting locally, the vast talent in-country even as it expands its upstream portfolio," the Nigerian Ministry of Petroleum Resources said in a statement.

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