ASSESSMENTS

Moscow's Heavy Hand Seen in LUKoil Pullout From Caspian Project

Nov 19, 2002 | 20:56 GMT

Summary

Executives from LUKoil, Russia's largest oil producer, said Nov. 15 that the company will sell its stake in a key Azerbaijani project to a Japanese buyer for $1.25 billion. While it is likely that a series of backroom deals ultimately made the sale a good one for LUKoil, they might have been done in a way that calls Russia's investment environment into serious question.

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