Further re Agreement with ERG
LUKOIL PAYS FOR ITS STAKE IN A JV TO OPERATE ISAB IN FULL AND AHEAD OF SCHEDULE
LUKOIL paid EUR 852.47 million today to Italian ERGas a final settlement of the amount due for a 49% stake in the joint venture that will operate the ISAB refinery complex in Sicily.
Thus, LUKOIL paid the amount due to ERG in full and ahead of schedule.
The total transaction amount was EUR 1.45 billion including inventory (valued at average November 2008 prices).