Lukoil

Lukoil buys back 1.35 million shares for $110 million

From 11 to 15 February 2019, as part of a buyback program, Lukoil acquired 1.351 million of its ordinary shares.

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Lukoil to invest in joint venture with Kazakhstan

Lukoil is close to signing a contract with KazMunayGas for development of the little-studied Zhenis block on the Kazakh shelf of the Caspian Sea.

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Lukoil offers to buy part of New Stream’s assets

Lukoil has made a proposal to buy the Antipinsky oil refinery and fields of the New Stream Group of companies, the RBC reports citing a federal official and several sources close to one of the part

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Oil companies are discontented with parameters of damping mechanism

According to the Kommersant’s information, oil companies want to change the parameters of the damping mechanism, which was created to smooth the impact of oil price jumps on domestic fue

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LUKOIL to start producing oil on the Baltic D41 within three months.

LUKOIL plans to start oil production in the Baltic at the D41 field within three months.

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Moody’s increases rating of Severstal, NLMK and MMK

On February 12, 2019, Moody's rating agency upgraded Severstal's long-term rating from Baa3 to Baa2 with a change in the rating outlook from positive to stable following the revision of Rus

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Lukoil acquires 1.3 million shares for $105.9 million as part of buyback

From 4 to 8 February 2019 Lukoil acquired 1.29 million of its ordinary shares as part of a buyback program, it follows from the materials of the company.

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Gazpromneft and Tatneft were leaders of production reduction in January within OPEC+ deal

In January 2019, Gazpromneft, Tatneft and Lukoil reduced oil production to the level of October 2018 in the framework of Russia's participation in a deal with OPEC to reduce the level of oil pr

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Lukoil significantly increases gas production in Uzbekistan

Russian company Lukoil has increased gas production in Uzbekistan. Last year, the company produced by 67% more gas in this country than in the previous year, Lukoil reported.

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In 2018, Lukoil increased production of hydrocarbons by 3.8%

In 2018, average daily production of hydrocarbons by Lukoil, excluding the West Qurna-2 project, increased by 3.8% compared to 2017. It amounted to 2 319 thousand barrels per day.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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