Russia: Lukoil Signs MOU With Equatorial Guinea

Lukoil, Russia’s second largest oil company has signed a Memorandum of Understanding with Equatorial Guinean government) at the Russia–Africa Summit Sochi.

President of Lukoil, Vagit Alekperov initialed the deal on behalf of his company while Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea Gabriel signed on behalf of his country.

The memorandum lays the basis for Lukoil’s potential participation in projects to explore and produce hydrocarbons in Equatorial Guinea.

Active in Africa since 1995, Lukoil develops projects mainly in West and Central African countries – Ghana, Cameroon, the Democratic Republic of Congo and Nigeria.