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Lukoil sees no risks for joint ventures with Bashneft after its privatization

October 12, 2016, 20:21 UTC+3 MOSCOW
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MOSCOW, October 12. /TASS/. Lukoil sees no risks for joint ventures with Bashneft after privatization of the company, Head Lukoil Vagit Alekperov told journalists on Wednesday.

"Of course not. Together with Bashneft we have joint ventures in the Sea of Azov and Caspian Sea. We never had any issues. I hope it will continue to be the same," he said.

Lukoil Vice President Leonid Fedun said earlier Lukoil has no plans to withdraw from the joint venture with Bashneft on Trebs and Titov deposits after the deal with Rosneft.

"How can we drop it - there is a shareholders' agreement, it is enshrined in law. I hope that Rosneft will comply with the law," he said, answering the question about Lukoil plant regarding joint venture with Bashneft.

Lukoil and Bashneft are partners in many projects. In particular, Lukoil is one of the largest suppliers of oil to Bashneft refinery and a partner in Trebs and Titov oil field.

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