Akin Gump has advised PJSC Lukoil on its USD 800 million acquisition of a 25% interest in the Marine XII License in the Republic of Congo from New Age M12 Holdings Limited. Clyde & Co advised New Age M12 Holdings on the transaction, which was signed on June 6, 2019, and is subject to several conditions, including the approval by the government of the Republic of Congo.
The Moscow and London offices of Baker Botts have advised PAO Novatek on the sale of a 10% participation interest in the Arctic LNG 2 project to each of China National Offshore Oil Corporation and China National Petroleum Corporation. Herbert Smith Freehills advised China National Oil and Gas Exploration and Development Company, a subsidiary of China National Petroleum Corporation on its investment. Pinsent Masons and Infralex reportedly represented CNOOC on the deal.
Akin Gump has advised Russian Internet and IT company Mail.ru on the formation of a joint venture with the Alibaba Group, a global digital commerce company, PJSC MegaFon, a pan-Russian operator of digital opportunities, and the Russian Direct Investment Fund, Russia’s sovereign wealth fund. Cleary advised MegaFon on the deal, while Linklaters advised the Russian Direct Investment Fund. Debevoise advised Alibaba.
Bardugov Alexander is the Head of Legal of Banca Intesa in Moscow, a role which he has held since 2013. He first joined Banca Intesa in 2004 as a Junior Legal Counsel, gradually progressing to Head of Sector for Banking Operations Legal Support in 2008, Head of Legal Support for Retail and SME in 2009, and Head of Business Legal Support in 2010.
Almost 20 years ago, the Russian Government decided to develop a renewable energy sector and promote renewable energy projects in the country. These efforts brought huge investments and complex technologies to the Russian renewable energy sector, which now features major global industry players like Vestas, Fortum, Siemens, Enel, and Lagerwey.