Lukoil expects revenue growth from its foreign oil refineries in 2016
Edited by Rhod Mackenzie / 2016-02-16 09:35:24
The Vice-President of Lukoil, V. Nekrasov, said that on the results of 2016 the revenue of the controlled by Lukoil oil refineries outside Russia will be more than that of 2015.
If on the results of 2015 Lukoil earned $200 mln in this segment, by the end of 2016 it will be more, he said. Only in January the oil refineries of Lukoil brought $50 mln. If the growth dynamics is the same, we will be able to make a good profit, Nekrasov said.
All oil refineries of Lukoil processed 66.5 mln tons of oil in 2015, 44.1 mln tons of which – in Russia. External factors play an important role, including political, Mr. Nekrasov added.
In Jan-September 2015 Lukoil’s profit fell by 2.5 times.
