Russia Oil and Gas

This year, Lukoil to be active in foreign projects

Head of Lukoil Vagit Alekperov, who currently participates in the Russian investment forum in Sochi, has told reporters about the company's plans for this year.

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LUKOIL is for equal approach of the state to all oil companies

LUKOIL stands for an equal approach of the state to all oil companies, said the head of the company V. Alekperov.

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Over a year, Fosagro increased supply of mineral fertilizers to Russian market by 12%

Fosagro increased supplies of mineral fertilizers to the Russian market by 12.3% over the past year.

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From March 1, export duty on oil in Russia to decrease by $0.6 to $119.5 per ton

From March 1, 2018, according to calculations of the Finance Ministry of the Russian Federation, export duty on oil in Russia will decrease by $0.6 to $ 119.5 per ton, the Ministry informs.

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In 2017, Lukoil increased gas production by 15.7% and decreased oil production by 1.5%

In 2017, Lukoil increased its daily average hydrocarbon production (excluding the West Qurna-2 project in Iraq) by 2.4% compared to 2016 to 2.234 million barrels of oil equivalent per day.

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The share of profitable reserves on the Arctic shelf of Russia is very small

At present, only 8% of the total volume of explored and anticipated hydrocarbon reserves on the Arctic shelf of Russia are profitable.

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Lukoil declines listing on the Hong Kong Stock Exchange

Lukoil does not currently see the need for listing on the Hong Kong stock exchange, Vagit Alekperov, the head of Lukoil, told journalists on the sidelines of the Russian Investment Forum in Sochi.<

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Lukoil interested in working at two blocks on the Caspian coast of Kazakhstan

Lukoil has been interested in working at two blocks on the Caspian coast of Kazakhstan, and is also considering several more along the border with Russia.

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Gazpromneft’s refusal from its foreign refineries doesn’t mean refusal from all other projects

Eliminating the task of developing foreign oil processing from Gazpromneft's development strategy doesn’t mean abandoning any other foreign projects of the company.

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Lukoil plans to increase dividends for 2017 at inflation level

Lukoil has planned to increase its dividends for 2017 compared to the previous year by inflation level, head of Lukoil Vagit Alekperov told journalists on the sidelines of the Russian Investment Fo

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