NEWS

Lukoil interested in development of green energy in Azerbaijan

JANUARY 28, 2022

Russia's Lukoil is interested in the development of green energy in Azerbaijan, Russian ambassador to Azerbaijan, Mikhail Bocharnikov, said at a press conference.

According to Report, the ambassador reminded that the company concluded important deals in Azerbaijan, including the purchase of a 9.99% share from Shahdeniz that brought the company's total share to 19.99%. Lukoil also owns 25% in shallow water Absheron.

The ambassador also noted that Russian regions are interested in developing cooperation with Azerbaijan. Thus, a visit to Baku of delegations from St. Petersburg and Udmurtia is scheduled for February. Also, the Astrakhan region, Dagestan, etc., show interest in the development of economic cooperation.

https://report.az/en/energy/lukoil-interested-in-development-of-green-energy-in-azerbaijan/