Lukoil in talks over Saudi gas deal

: Wednesday, March 19 - 2014 @ 10:49

Russia’s Lukoil has said it is negotiating a deal with Saudi Arabia to tap unconventional gas deposits in the kingdom’s Empty Quarter desert region, Reuters has reported. “This is tight gas. The negotiations are under way. No details on deal and future production plans yet,” said a spokesman for Lukoil Overseas, which operates the group’s foreign upstream projects. “Yes, we are hopeful and will continue evaluating drilling after signing a deal,” he said.

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Wednesday, March 19- 2014 @ 10:49 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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