News In Brief: Lukoil Increases Frontier Stake
News: Russian oil company Lukoil has signed a deal with the government of CÃ´te d'Ivoire to carry out offshoreÂ oil exploration activities in the country, reports Reuters. The company is experiencing a decline in its output in Russia, owing to falling production at depleted oil fields in Western Siberia. This has led the company toÂ seek opportunities overseas. The company is already working at an adjacent block in CÃ´te d'Ivoire.