(Reuters) -Kazakhstan’s Kazmunaygaz and the sanctioned Russian Lukoil continue work on joint projects in accordance with contractual obligations, Russia’s Interfax agency reported on Tuesday.
The two companies are conducting a comprehensive assessment of the impact of sanctions on the projects, Kazmunaygaz told Interfax.
“The assessment is being carried out with regard to legal, financial and technical aspects,” Interfax cited a Kazmunaygaz representative as saying.
In October, the United States hit Lukoil and Rosneft, Russia’s two largest oil companies, with sanctions and accused Moscow of a lack of commitment toward ending the war in Ukraine.
(Reporting by Lidia Kelly in Melbourne; Editing by Jacqueline Wong)
