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Lukoil Likely To Bid For Uganda Oil Exploration License-Executive

Lukoil Likely To Bid For Uganda Oil Exploration License-Executive
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Πεμ, 3 Φεβρουαρίου 2011 - 18:42
Russia-based integrated oil and gas company Lukoil Holdings (LUKOY) is likely to bid for an exploration license in Uganda when the country opens a licensing round later this year, a company executive told Dow Jones Newswires Thursday.
Russia-based integrated oil and gas company Lukoil Holdings (LUKOY) is likely to bid for an exploration license in Uganda when the country opens a licensing round later this year, a company executive told Dow Jones Newswires Thursday.

Natalia Chekhronova, a senior advisor with Lukoil's public relations department, said the company has been encouraged by recent oil discoveries in Uganda as well as the country's investor-friendly policies.

"Our projects in Africa are currently in West Africa but we are also looking at opportunities in East Africa , particularly in Uganda ," she said on the sidelines of the East African Petroleum Conference here.

In February last year, Andrei Sapozhnikov, Lukoil's vice president, visited Uganda and offered an investment proposal to the Ugandan President Yoweri Museveni in the country's oil sector, the Ugandan presidency said at the time.

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