Vagit Alekperov

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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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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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 …

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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 …

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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 …

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"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 …

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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 …

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 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, …

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Alekperov: OPEC must be reformed

Organization of Petroleum Exporting Countries (OPEC) is unable to carry out the function of a regulator due to internal political differences and needs to be reformed. This opinion was expressed by the president of "LUKOIL" …

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Vagit Alekperov: oil prices enter stable period

Lukoil’s President Vagit Alekperov believes that the oil industry is entering a period of "stable oil prices and growth", forecasting an oil price of $50 per barrel by the end of this year. "Russian …

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