Published by Global Banking and Finance Review
Posted on December 8, 2025
MOSCOW, Dec 8 (Reuters) - Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft and Shell's joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan.
The decree said it allowed the deals, which may result in changes of ownership, in the CPC by the Rosneft-Shell Caspian Ventures Limited. It did not elaborate.
The venture has a 7.5% stake in the CPC, in which other international majors, such as Chevron and Eni, as well as Russia's second-largest oil producer, Lukoil, also have shares.
The United States imposed sanctions against Rosneft and Lukoil in October over Russia's war in Ukraine, forcing Lukoil to declare the sale of its foreign assets.
Rosneft has not announced any actions in relation to the sanctions.
(Reporting by Vladimir SoldatkinEditing by Matthew Lewis)
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