Russia’s largest private oil company LUKoil will invest $48 billion in its operations in 2012-2014, including $13.9 billion next year under its new strategy over the next ten years, LUKoil said on Thursday. LUKoil’s board of directors approved on Thursday the company’s development strategy for 2012-2021, which stipulates average yearly growth in hydrocarbon production by [...]
Tag: lukoil
December 1, 2011
September 16, 2011
LUKoil to team up with Statoil to bid for oil fields in Norway
Russia’s largest private oil firm LUKoil will bid for a license to develop hydrocarbon deposits in Norway together with Norway’s Statoil, LUKoil head Vagit Alekperov told reporters on Friday. “Norway holds tenders regularly and Statoil participates in them. I hope we can participate in the tenders together,” Alekperov said. LUKoil and Statoil may also cooperate [...]
September 16, 2011
LUKoil may buy foreign production assets by end of ’11
Russia’s largest private oil company LUKoil may purchase production capacities abroad by the end of the year, its head, Vagit Alekperov, told reporters on Friday. “We are interested in buying Upstream assets in the United States, Vietnam, and Southeast Asia. The company is interested in the acquisition of assets, including geological exploration,” Alekperov said. When [...]
September 12, 2011
CEO: Lukoil to raise hydrocarbon production 30–40% over 10 yrs
MOSCOW, Sep 12 (PRIME) — Russian oil major Lukoil plans to increase its hydrocarbon production by 30%40% within the next 10 years, the companys President Vagit Alekperov said Monday. In 2010, the company produced 95.99 million tonnes of oil, down 1.7% on the year, while the output of commercial gas rose 24.5% on the year [...]