LUKoil investment to hit $48 bln in 2012-2014

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 […]