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Russian Sanctions Cause Delay in Lukoil Cameroon Project

Russian Sanctions Cause Delay in Lukoil Cameroon Project

oil_gas_production

Industry Segment: Production | Word Count: 116 Words

NEW DELHI--April 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Lukoil Overseas UK Limited, a subsidiary of PJSC Lukoil Oil Company (Moscow, Russia), has a 37.5 % share in the Etinde permit concession offshore Cameroon. Sanctions imposed on Lukoil put the project's development plans at risk, consequently causing delay in the final investment decision, which was originally planned for early this year.

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