Lukoil

In 2018, Lukoil to reduce capital expenditures by 5-10% compared to planned level

In 2019, Lukoil may increase capital expenditures due to growth of cash flow. This was stated in the framework of the conference call by vice-president of the company Alexander Matytsin.

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LUKOIL applies new well construction technology in Western Siberia

LUKOIL-Western Siberia LLC (a 100% subsidiary of PJSC LUKOIL) obtained positive results from the use of a new three-column design method for drilling wells with a horizontal end.

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In the first 11 months, oil export from Russia fell by 0.8%

In January-November 2018, export of Russian oil to foreign countries amounted to 218.03 million tons, which is by 0.8% less than in 2017, the Central Dispatch Department of the Fuel and Energy Sect

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SOCAR may take part in geological exploration in Uzbekistan

Uzbekneftegaz JSC expects to attract SOCAR (State Oil Company of Azerbaijan) to carry out geological exploration in Uzbekistan.

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In the first 11 months, oil production in Russia grew by 1.4% to 507.37 mln tons

In January-November 2018, volume of oil and gas condensate production in Russia increased by 1.4% compared to the same period in 2017 and amounted to 507.37 million tons, as it follows from the ope

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Lukoil’s loss from termination of drilling on Eastern Taimyr estimated at 5 bln rubles

Lukoil has estimated the loss from depreciation of assets in exploration and production sector of the company at 5 billion rubles.

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Environmental experts praise work of LUKOIL's Kstovo refinery

A delegation of environmental experts paid a visit to the industrial sites of LUKOIL-Nizhegorodnefteorgsintez LLC. This was reported by the press service of the oil company.

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Lukoil reviews production forecast for 2018

Lukoil has raised its forecast for hydrocarbon production in 2018 to 3.5% due to projects in Uzbekistan.

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In Q3, Lukoil increased output of oil products by 5%

Lukoil’s refineries increased petroleum products output by 0.7% in the first three quarters of this year compared to the same period last year due to the increase in the load of a number of r

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Lukoil successfully finished Q3

Lukoil has shown a strong growth in financial indicators, but the company's results were pressured by the lag in the dynamics of prices for petroleum products in Russia from export netbacks.

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