Lukoil intends to save $20-30 billion for large purchase
Edited by Rhod Mackenzie / 2014-06-26 06:20:05
Lukoil intends to save $20-30 billion for a large acquisition, the company’s vice president Leonid Fedun reported.
“Lukoil has begun to work on a new 10-year strategy - we traditionally actualize it every two years. At the end of November, it should be considered by the Board. The strategy will be more conservative. We will save our free cash flow, which will cover both capital expenditures and dividends and will allow us to make savings in the amount of $20-30 billion for any large acquisition,"- he said.
