London-based bank finances gas project in Azerbaijan

A London-based bank is helping finance the development of a giant gas field located offshore Azerbaijan. It is providing a $200 million (£120m) loan to Russia’s oil producer Lukoil, which will use the cash to further develop Stage 1 of the Shah Deniz gas field in the Caspian Sea. The loan will pay for part […]

West Africa ‘very promising’ for oil and gas

West Africa has a lot of potential for oil and gas exploration and “major discoveries” could be made in the region. That’s the view of Vagit Alekperov (pictured), President of oil and gas company Lukoil, who made the comment during a press briefing in London earlier today. He said West Africa, especially Sierra Leone, is […]