Lukoil Overseas purchases 100 % of SNG Holdings Ltd in Uzbekistan

Lukoil Overseas purchased 100% of SNG Holding Ltd. from MGNK Soyuzneftegaz CJSC, including Soyuzneftegaz Vostok Limited acting as a party under product sharing agreements on the deposits of the southwest Gissar and Ustyurt region of Uzbekistan, FIS reports. The other party is the national holding company Uzbekneftegaz. The product sharing agreement was signed on January 23, 2007 for the term of 36 years and came into force on April 23, 2007. The deal's worth is about USD580 million, reports Lukoil's press service.