Russian Sanctions Cause Delay in Lukoil Cameroon Project

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.