LukOil

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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 …

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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 …

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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 …

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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 …

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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. …

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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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