Lukoil has detected 3 new deposits at Meleya block in Egypt

Lukoil has detected 3 new deposits at the Meleya block in Egypt, the corporative newspaper of Lukoil Overseas reports. Growth in reserves is over 1.8 million tons of oil. The new deposits are launched to development. The resource potential of the block is not exhausted whereas production has been performed there for over 20 years.

In January – September, Lukoil reduced net profit by US GAAP by 6.3% to $7.79 billion and increased sales revenue by 2.3% to $105.56 billion.

Translated by Nadezhda Poltoratskaya

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