Lukoil boss 'to visit Brazil' for investment talks

Brazil bound: Lukoil chief to explore investment opportunities

Reuters/Scanpix

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Bill Lehane ,

News Wires

 13 February 2013 15:03 GMT

Lukoil chief executive Vagit Alekperov has said he will travel to Brazil later this month to meet Petrobras and other explorers to discuss possible offshore investment opportunities.

Speaking to reporters in Russia, the Lukoil boss said the trip would take place in the last week of February.

“I will meet Petrobras bosses, other participants of offshore projects. There are no concrete projects to invest for us. We will take a look," he said, according to Reuters reports.

The Russian independent has been growing its international oil portfolio in recent years while its mature domestic assets in Siberia have been seeing sluggish output.

The company is developing the giant West Qurna-2 oilfield in Iraq and has also been exploring in West Africa.

Earlier this month Russian state player Rosneft was…

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