LukOil

Lukoil CEO: exit from OPEC deal should be smooth

Lukoil CEO Vagit Alekperov said that Russia should start exiting a global oil output cut deal if crude prices remain at $70 per barrel for more than six months. "If the price of $70 remains for more than half a …

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LUKOIL increases production in the Caspian Sea

One of Russia’s biggest oil companies has completed drilling its eighth well in the Caspian Sea. Lukoil is now waiting to turn on the tap for the additional resources that will be unleashed from the Vladimir Filanovsky field, put in …

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Ten more years of sanctions

Sanctions against Russia are likely to stay in place for at least the next 10 years, the country’s second-largest oil company has said, at a time of sharply deteriorating relations between Moscow and the west, Financial Times …

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 Why are they afraid of expensive oil?

Russia should think through a smooth exit from the oil production cut deal between OPEC and non-OPEC nations, which will protect the market from a shortage of raw materials, the President of Russian oil major Lukoil Vagit …

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Lukoil to continue its work in Turkey

Lukoil does not plan to reduce the share of its presence at the foreign markets and, in particular, to leave Turkey, the head of the company, Vagit Alekperov told journalists. According to him,  the presence of the company in …

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Lukoil and Iran review Mansuri field development plan

Russia's Lukoil presented the development plan for the Mansuri oil field to the National Iranian Oil Company. The plan was considered at the special committee meeting. The documentation of Pertamina, Indonesian state-owned oil …

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Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

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Sanai: Iran interested in Russian energy companies

Iran is interested in the presence of Russian energy companies on its market, and certain agreements are expected to be signed soon, the Iranian Ambassador in Moscow Mehdi Sanai said. "Iran is very much interested …

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Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …

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Lukoil to sell diamond mine to Otrkritie

Lukoil says concluded an agreement to sell its 100% stake in Arkhangelskgeoldobycha diamond mine to Otkritie Holding group for $1.45 billion in cash. The transaction is expected to close in the first quarter of 2017 subject to approval …

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