SOCAR And Lukoil Seal Unique Oil Deal Despite Western Sanctions ...Middle East

OILPRICE - Economy
SOCAR And Lukoil Seal Unique Oil Deal Despite Western Sanctions
Azerbaijan's state oil company SOCAR has concluded a wide-ranging agreement with Russia's Lukoil under which the Russian oil company will lend SOCAR $1.5 billion and supply SOCAR's STAR oil refinery in Turkey with up to 200,000 barrels per day of Russian crude oil. The unusual agreement is apparently structured to overcome the problems SOCAR was facing in purchasing Russian crude oil for its STAR refinery due to the sanctions imposed by the West on Russia over its invasion of Ukraine. The sanctions prevent Western companies from both buying and…

Hence then, the article about socar and lukoil seal unique oil deal despite western sanctions was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( SOCAR And Lukoil Seal Unique Oil Deal Despite Western Sanctions )

Apple Storegoogle play

Last updated :

Also on site :