The IssueRussian independent Lukoil has long been one of the country’s most active companies abroad. With minimal prospects for domestic expansion the company remains hungry for geographic diversification. The war in Ukraine has complicated its efforts but it continues to find willing partners in countries with friendly — or at least neutral — policies toward...
ADNOC made the final investment decision ( FID ) on the project for the development of two gas fields on the UAE shelf – Hail and Ghasha. Deposits are part of the Abu Dhabi Ghasha concession, in which more than 1.5 billion cubic meters are planned to be mined by the end of the decade....
COP28 President is CEO of a Joint Venture that Includes Sanctioned Russian Company LUKOIL. In October 2019, during Putin’s visit to the UAE, Emirati state-owned ADNOC awarded Russian oil and gas giant LUKOIL a 5% stake in the world’s largest offshore sour gas development, the Ghasha concession. At the time, LUKOIL was already under US sanctions....