Bank Of Baku

Russia’s Lukoil left another project in Azerbaijan

Russia’s Lukoil left another project in Azerbaijan
# 26 May 2011 14:05 (UTC +04:00)
Remind that, the share of Lukoil in a joint venture AzEuroTel was 49%.

Tom him, Lukoil addressed Azerbaijani state bodies and refused its share in the enterprise. Consequently, AzEuroTel came under the control of Baku Telephone Communications Industrial Union.

“Lukoil simply renounce its share”, said deputy minister. He added that the work AzEuroTel was not profitable and the company had debts before the merger.
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