LukOil

Sberbank becomes most valuable Russian bank

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).  …

Lukoil interested in Middle East

Lukoil interested in Middle East

Lukoil's Middle East head sees oil at $55-$65 a barrel on cuts

The Secrets Behind Russia’s 2016 Oil Success

The Secrets Behind Russia’s 2016 Oil Success

A combination of tax measures, the dollar's value and benefits of a cheap production

 Iran qualifies foreign companies for oil and gas tenders

Iran qualifies foreign companies for oil and gas tenders

Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions.  The …

 Lukoil: companies to cut production in line with share of Russian output

Lukoil: companies to cut production in line with share of Russian output

Russian oil company Lukoil will cut its output in proportion with its share of Russian crude production, the firm's vice president, Ravil Maganov, said. His remarks were made after a meeting between Russian oil …

Alekperov: Lukoil margins to decline by 40-50 bln rubles

Alekperov: Lukoil margins to decline by 40-50 bln rubles

Russian oil major Lukoil’s margins may contract by 40–50 billion rubles in 2017 due to a higher taxation of the industry, CEO Vagit Alekperov said in an interview to Rossiya 24 television channel broadcast on …

Sanai: Iran interested in Russian energy companies

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 …

Russian oil firms discussed output cuts

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 …

Lukoil to sell diamond mine to Otrkritie

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 …

Russia, Iran in oil swap talks

Russia, Iran in oil swap talks

Tehran is in talks with Russian companies on petroleum swap deals, Iran's deputy oil minister for international affairs Amirhossein Zamaninia said. "Yes, we are," he said when asked whether the country is …

Rosneft cancels Lukoil#039s oil purchase deal with Bashneft

Rosneft cancels Lukoil's oil purchase deal with Bashneft

Russia's oil producer Rosneft asked Lukoil to cancel a crude oil purchasing contract with Bashneft, which RBC daily put at 400 billion rubles ($6.4 billion). Earlier this month Rosneft acquired just over 50% in Bashneft for 330 …

Lukoil ready to join oil production freeze

Lukoil ready to join oil production freeze

Russia’s oil major Lukoil is ready to join the initiative on crude production freeze if there is a government decree, its Vice-President Leonid Fedun said. "I would like to speak for Lukoil, if there is …

Turkey interested in continuing cooperation with Lukoil

Turkey interested in continuing cooperation with Lukoil

Turkey is interested in continuing partnership with Lukoil, Turkey's President Recep Tayyip Erdogan said at the meeting with head of the company Vagit Alekperov in Istanbul. Russian company noted …

Lukoil invests $1.39 billion into Filanovsky field

Lukoil invests $1.39 billion into Filanovsky field

Russian oil company Lukoil has invested 87.1 billion rubles ($1.39 billion) in the Filanovsky field in the Caspian Sea, LUKoil's Vice President for Geologic Exploration, Ilya Mandrik, said at the Offshore Marintec Russia …

Rosneft could buy Bashneft for over $5 billion

Rosneft could buy Bashneft for over $5 billion

Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion). Another option on the table is quizzing possible buyers on the price within a week. …

 Vagit Alekperov: we ready to stabilize oil production

Vagit Alekperov: we ready to stabilize oil production

Lukoil is ready to sign a joint protocol on stabilizing oil production, its CEO Vagit Alekperov said. "If we want to participate in the process, we should take an active position and like them stabilize the …

Japan comes to help Russia with sanction

Japan comes to help Russia with sanction

Japan Bank for International Cooperation (JBIC) will provide $400 million in financing for the Yamal project

Iran signs oil deals with two Russian firms

Iran signs oil deals with two Russian firms

Iran has signed seven new initial agreements with foreign oil companies, the managing director of the National Iranian Oil Company (NIOC), …

Lukoil receives proposal to participate in privatization of Bashneft

Lukoil receives proposal to participate in privatization of Bashneft

Russian oil major Lukoil has received a letter with the proposal to participate in privatization of Bashneft and is now considering it, a company's spokesperson said. "We have received the proposal and we are studying …

Lukoil buys assets in Netherlands, Belgium, Luxembourg

Lukoil buys assets in Netherlands, Belgium, Luxembourg

Lukoil announced the purchase of filling stations in the Netherlands, Belgium and Luxembourg, the company's First Vice President Vladimir Nekrasov said. "We acquired a network of filling stations in the …

Lukoil anticipates Iran re-entry

Lukoil anticipates Iran re-entry

Lukoil President Vagit Alekperov said that his company is seriously considering reentering the Iranian energy market following the removal of international sanctions earlier this year, OilPrice.com reports. In …

LukOil announces radical decisions on its business in Europe

LukOil announces "radical decisions" on its business in Europe

Vagit Alekperov stated that the company is considering the sale of its factories in Italy, Romania, Bulgaria and the Netherlands.

LukOil leaves Saudi Arabia

LukOil leaves Saudi Arabia

The largest Russian oil company LulOil announced that it leaves Saudi Arabia, the head of the company Vagit Alekperov announced this at the St. Petersburg International Economic Forum. "We decided to leave Saudi …

LukOil may sell part of its assets in Europe

LukOil may sell part of its assets in Europe

LukOil considers the possibility to sell its factories in Italy, Romania, Bulgaria and Netherlands, its president Vagit Alekperov stated. "These assets are not strategic for us. Over the past years, we mainly …

Lukoil starts drilling in Caspian Sea

"Lukoil" starts drilling in Caspian Sea

"Lukoil" plans to start drilling at the Filanovsky field in the Caspian Sea in June and production - in September. "Lukoil" will build more than 25 platforms for the development of the North Caspian fields, total …

Vagit Alekperov to visit Iran in September

Vagit Alekperov to visit Iran in September

The head of LUKOIL, Vagit Alekperov, intends to pay a visit to Tehran this year in September in order to present his position on possible projects for development of fields in Iran. The statement was made after a meeting with …

 Vagit Alekperov to meet OPEC partners in Vienna

Vagit Alekperov to meet OPEC partners in Vienna

Lukoil’s President Vagit Alekperov is currently in Vienna for talks with the company’s partners from the Organization of the Petroleum Exporting Countries (OPEC). "Today we shall meet the Saudis, …

Lukoil starts building manufacturing plant in Kazakhstan

Lukoil starts building manufacturing plant in Kazakhstan

Russia's Lukoil oil company started to build a new lubricant manufacturing plant in Kazakhstan's Almaty province on May 19. The plant's capacity will be 100,000 tons of lubricants per year, with the possibility of …

 Alekperov: oil prices may overcome $55 by end of year

Alekperov: oil prices may overcome $55 by end of year

Lukoil’s President Vagit Alekperov predicted that oil prices fluctuate between $45-55 per barrel this year and may rise by the end of the year. He explained that it may be caused by the decrease in oil production …

Moody#039s confirms ratings of Russian oil and gas companies

Moody's confirms ratings of Russian oil and gas companies

Moody's Investors Service has confirmed at Ba1 the corporate family ratings (CFRs) of Gazprom, Gazprom Neft, Oil Company Rosneft, Lukoil and Novatek. The outlook on all the ratings is negative. "Our decision to confirm the …