OAO Lukoil Holdings (LKOH.RS)
will hold talks with Brazil's
state-run energy giant Petroleo
Brasileiro SA (PBR) in late February on the possibility of working
together on offshore projects, the Prime news agency reports Wednesday.
"I will meet with Petrobras, but at the moment we don't know the
specifics," Chief Executive Vagit Alekperov is quoted as saying.
Lukoil, Russia's second-largest oil producer, has long lobbied for
off-shore access to Russia's Arctic shelf, which contains potentially
huge oil and gas reserves, but only state-controlled companies like
Rosneft (ROSN.RS) and OAO Gazprom (GAZP.RS) are currently allowed to
hold offshore licenses.
Lukoil's international division, Lukoil Overseas Holding Ltd., is
involved in South American projects in Columbia and Venezuela, where it
is part of a consortium of Russian oil companies, including Rosneft and
OAO Gazprom Neft (SIBN.RS), developing the Junin-6 oil block in the
Orinoco Belt.
Newspaper Web site: http://www.1prime.ru
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