Caspian Energy Projects (CNRG Projects) has acquired 15.73 percent of common stock in Lotos Shipyard, the shipbuilding firm said. This is the first purchase of shares of Lotos Shipyard implemented by CNRG Projects.
Astrakhan-based Lotos Shipyard specializes in the construction of modules for fixed offshore drilling platforms, designed for offshore exploration and production of oil and gas. The shipbuilding company’s major stockholders are United Shipbuilding Corporation, Caspian Energy Group and the Astrakhan regional government.
Caspian Energy Projects is a CNRG Group’s business unit is engaged in procurement and different projects management and providing logistics services, installation, commissioning and start-up testing.