Russia’s second-largest oil producer, Lukoil, is looking at joint oil and gas opportunities with Saudi Aramco in Africa, the Russian firm’s president and CEO Vagit Alekperov said on Wednesday. Lukoil and the Saudi oil giant are in good relations and constantly exploring joint opportunities in third countries, including in Africa, Alekperov said at a Russia-Africa forum today. Lukoil has started withdrawing from a joint natural gas development project with Saudi Aramco in Saudi Arabia, Alekperov said. The Russian company is currently transferring the project to the Kingdom and expects this transfer to be completed by the end of this year. According to Lukoil’s boss, Saudi Aramco and the Saudi government were unable to create conditions so that the complex project could be economically developed. This withdrawal, however, is not stopping the two companies from seeking joint opportunities elsewhere, including in Africa. Lukoil continues to be interested in West Africa […]