LUKOIL to expand its presence in Azerbaijan

Russia’s company LUKOIL intends to expand its presence in Azerbaijan, head of the company Vagit Alekperov said on the sidelines of the 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Baku.

He also explained that there are all investment conditions in this region, therefore LUKOIL intends to expand its presence in Azerbaijan.

In addition, Alekperov said that the company is interested in participating in such projects as Umid-Babek and Absheron in Azerbaijan, Trend reports.