Print Edition - 2017-09-25  |  Money Digest

Lukoil to keep output steady with new projects

- Reuters, JARKUDUK

Sep 25, 2017-

Lukoil plans to keep pumping 100 million tonnes of oil per year between 2018 and 2027 with projects outside Russia and will keep annual investment at $8 billion-$8.5 billion, the chief executive said on Saturday. Lukoil, Russia’s No.2 oil producer which has suffered from sluggish output from its Western Siberia fields, has kept production steady by focusing on growth in new regions, such as the Caspian Sea and Iraq. Lukoil Chief Executive Vagit Alekperov announced details of company’s 2018-2027 strategy to reporters at the launch of the firm’s gas facilities in Uzbekistan. 

Published: 25-09-2017 08:14

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment