The Russians of "Lukoil" should not thus be the first oil producers in Senegal. And for good reason, according to the Confidential Daily Letter, the veto opposed by the Australians of Woodside, but also of American black gold giants to block the road to any buyback of shares in the exploitation of Cain Energy's deposits, by the Russians.
The latter are said to be " already in the process of discussing with Far Limited, which already owns 15% of the shares of the oil block in question and could thus hold a total of 55% of the project", thus putting their hands on the Senegalese market. Something that will not help the affairs of other industry giants.
And according to CLC, Woodside, the second shareholder of the project with 35%, decided to oppose the arrival of Lukoil by himself proposing to buy back the shares of Cairn and has already asked the government of Senegal to oppose this takeover. . On the American side too, we read in the publication, " we are also monitoring the file closely."
It is forbidden, the same source adds, for any company with American capital to trade or trade with Lukoil which is on a list of Russian companies banned in the United States. Petrosen, the instrument of application of the oil policy of the State of Senegal was also briefed and " an alliance is being formed with Woodside to see how to buy back the shares of Cairn ".
