Lukoil forecasts growth in oil production by 5.7% in 2014
Edited by Rhod Mackenzie / 2014-06-26 06:25:28
Lukoil forecasts growth in oil production by 5.7% to 96 million tons in 2014, and reduction in gas production by 3.5% to 25 billion cubic m, the First Executive Vice President of the company R. Maganov says. Total hydrocarbons yield will be 121 million tons in oil equivalent. Last year Lukoil extracted 116.7 million tons in oil equivalent including 90.8 million tons of oil and 25.9 billion cubic m of gas.
Translated by Nadezhda Poltoratskaya
