July 5, 2010 / 1:52 PM / 8 years ago

Lukoil won't repurchase 50 pct Kazakh JV stake

MOSCOW, July 5 (Reuters) - LUKOIL (LKOH.MM), the biggest oil explorer in the Russian part of the Caspian Sea, said on Monday it has turned down its pre-emptive right to repurchase a 50 percent stake in Caspian Investments Resources.

    The Russian oil major operates the Kazakh energy joint venture together with Mittal Investments.

    Reporting by Alfred Kueppers

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