November 6, 2018 / 11:32 AM / 14 days ago

Lukoil and Eni sign agreement on Mexico projects

MOSCOW, Nov 6 (Reuters) - Russian oil producer Lukoil said on Tuesday it had signed a deal with Italy’s Eni on blocks 10, 12 and 14 in Mexican shallow waters.

Lukoil said it would assign a 40 percent stake in block 12 to Eni while retaining 60 percent stake and remaining operator of project.

In turn, Eni will assign 20 percent stakes in blocks 10 and 14 to Lukoil but remain operator of both projects. (Reporting by Katya Golubkova; writing by Maria Tsvetkova; editing by Jason Neely)

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