Investor Alert

June 1, 2019, 4:20 p.m. EDT

Russian Federation : Vagit Alekperov and the President of the Congo Republic Discuss Cooperation Potential

Jun 01, 2019 (Euclid Infotech Ltd via COMTEX) -- President of LUKOIL Vagit Alekperov discussed prospects for bilateral cooperation with Denic Sassou Nguesso, President of the Republic of the Congo. Earlier on, LUKOIL and the National Petroleum Company of Congo (SNPC) concluded a Memorandum of Agreement. According to the document, the parties agree to review opportunities for joint projects on geological exploration, field development and hydrocarbon production in the Republic of the Congo.

As Denis Sassou Nguesso noted, Congolese senior officials are interested in the development of cooperation with LUKOIL and will render all-round assistance to the company in its effort to evolve projects in the country.

Link to MarketWatch's Slice.