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Lukoil CEO on future of OPEC+ deal

The future of OPEC+ deal will become clear in April after the situation with sanctions against Iran is clarified, Lukoil President Vagit Alekperov said on the sidelines of the Russian Investment Forum in Sochi. …

Lukoil head: current oil price "fairly high"

President of Moscow-based Lukoil Vagit Alekperov has argued that the current oil price is “fairly high” Alekperov has predicted the oil price will remain at its current levels until the end of 2018, and …

$100 a barrel oil not expected

There is no reason for oil to hit $100 a barrel,  BP Chief Executive Bob Dudley said. "There are people who predict the oil price of $100 per barrel. I do not think it will reach $100 unless there are any …

Yusuf Alekperov listed as richest Russian heir

The son of energy giant Lukoil's President Vagit Alekperov who will eventually inherit at least $17 billion has been again listed as the richest heir by Forbes Russia. The magazine said that 28-year-old …

Lukoil CEO: OPEC+ deal makes market more predictable

The OPEC+ oil production cut agreement may remain in 2019 and 2020 on condition that it proves its efficiency, oil major Lukoil CEO Vagit Alekperov said on the sidelines of the St. Petersburg International Economic Forum. …

Lukoil oilmen vote on Caspian Sea

Today, the early voting was held at the Lukoil facilities in the Caspian Sea for the first time. 424 persons participated in the presidential elections, the press-service of the  Lukoil-Nizhnevolzhskneft (Lukoil's subsidiary) …

Will Novak to decide fate of OPEC deal?

Russia’s oil industry will continue to monitor implementation of a global OPEC+ deal on cutting oil production, and Energy Minister Alexander Novak will take a final decision independently, Lukoil CEO Vagit Alekperov said. …

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 …

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 …