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Lukoil mulling strategic alliance with Mexican Pemex

November 13, 14:04 UTC+3

Lukoil will participate in development of several offshore blocks in the Gulf of Mexico

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ABU-DHABI, November 13. /TASS/. Russia’s oil major Lukoil is discussing new production projects in Mexico with the state company Pemex, Chief Executive Officer Vagit Alekperov said Monday, adding that the US sanctions do not affect Lukoil’s offshore operations in the Gulf of Mexico.

"I am meeting head of Remex today to discuss new initiatives, future projects. He would like to discuss particularly the creation of an alliance with Pemex with me," he said.

Lukoil will participate in development of several offshore blocks in the Gulf of Mexico. US sanctions do not affect operations of the company in this region, Alekperov said. "No, (sanctions) do not affect. Lawyers checked everything," he added.

Lukoil won earlier a tender for offshore blocks in the Gulf of Mexico and will participate in three more blocks with a non-operator share.

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