Russian oil company eying Gulf of Mexico opportunities

14 Nov 2017   Offshore, Russia, USA

Russian oil producer Lukoil said it may be setting up a partnership to work in the Mexican waters of the Gulf of Mexico. File photo by A.J. Sisco/UPI Nov. 13 (UPI) — Russian oil producer Lukoil said Monday it was vetting the possibility of teaming up with a Mexican company for work in the Gulf of Mexico. Vagit Alekperov , the chief executive officer at Lukoil, said he was meeting with authorities at PetrĂ³leos Mexicanos, known also as Pemex, to discuss a potential partnership for offshore oil in North America. His announcement came after Washington enacted more sanctions on Russia, though the CEO said that was irrelevant. “No, [sanctions] do not affect [this],” he was quoted as saying by Russian news agency Tass. The U.S. Office of Foreign Assets Control in early November amended Russian sanctions with respect to the energy sector, blocking U.S. entities from helping with companies […]

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