The head of LUKOIL Vagit Alekperov announced the closure of the office of LUKOIL International Upstream West Inc. in Houston.

  • Reuters

“Shale oil could not work”, — quotes RIA Novosti Alekperov.

It is noted that LUKOIL International Upstream West Inc. involved in the coordination of international marine projects in the field of exploration and production.

In LUKOIL said that “the staff office in Houston gradually redistributed to other facilities of the company, each of them individual decisions”.

“By may 1, 2019 number of employees in the office will be reduced to 7 people, they will continue until the end of this year,” the company said.

Earlier, Russian Deputy Prime Minister Dmitry Kozak said after a meeting with representatives of the oil industry about the beginning of consultations of Russia with the EEU to develop a mechanism for licensing the export of oil and petroleum products.