OAO Lukoil Holdings (LKOH.RS), Russia's No. 2 oil producer,
has reached a deal with France's Total S.A. (TOT) for a joint bid on tenders
for offshore hydrocarbon projects in Lebanon, Lukoil's chief executive, Vagit
Alekperov, said Thursday.
"In Lebabnon, we have reached agreement with Total about joint participation
in the tender and will be partners with them," Mr. Alekperov told
reporters.
Lukoil has in recent years been looking abroad to offset production declines at
its core fields in
Western Siberia
.
James
Marson in
Moscow
contributed to this item.