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25.04.2014 Lukoil’s Bulgarian refinery builds waste treatment complex

An investment of USD 1.5bn will go to the first stage of the construction of a heavy waste treatment complex at the Bulgarian Lukoil Neftochim Burgas refinery, reported on April 24.

25.04.2014 Russia’s Lukoil shareholders to discuss Iraq projects

A traveling meeting of the Lukoil Board of Directors was held in Burgas (Bulgaria) on April 24 to make decisions regarding the 2014 Annual General Shareholders Meeting, Lukoil’s press office has said.

22.04.2014 U.S.-Africa Win, Europe Loses if Russian Energy Sanctioned

U.S. and African oil exporters may benefit if the West were to sanction Russia’s oil and gas sector, as international tensions continue to build over Ukraine. The EU would hurt as much as Russia, however, and the expected spike in international oil prices would plunge the world back into recession.

17.04.2014 Russia’s Lukoil to begin exploration in Dagestan region

Lukoil will begin geological exploration works in Dagestan, ITAR-TASS has reported, citing the first deputy to the chief engineer of Lukoil-Nizhnevolzhskneft, Aleksey Kazakov. He spoke at a meeting on cooperation between the local government and Lukoil.

16.04.2014 Russia’s Lukoil sells 50% in Caspian Investment Resources to Sinopec

Vagit Alekperov, Lukoil President, signed a purchase and sale agreement on April 15 that allows the company to sell its 50-percent stake in the Caspian Investment Resources Ltd to China’s Sinopec, Lukoil’s press office has said.

15.04.2014 Russia’s Lukoil to increase associated gas utilization to 95%

Lukoil will increase associated gas utilization to 95%, as stipulated by the government, by the end of 2014, Lukoil board chairman Valery Grayfer has told an economic forum on the Caspian region.

11.04.2014 Manager from Lukoil becomes Bulgarian Petroleum&Gas association head

The Management Board of the Bulgarian Petroleum and Gas Association (BPGA) elected Valentin Zlatev, CEO of fuel retailer Lukoil Bulgaria EOOD, as its Chair, reported on April 10.

11.04.2014 Russia’s Lukoil beings seismic survey at Iraqi block

Lukoil Overseas has started a 2D seismic survey at Block 10 in the south of Iraq, Lukoil’s press office said on April 10. 2000 linear kilometers of seismic surveys will be completed by the BGP Inc. geophysical company within 16 months.

04.04.2014 Lukoil-Ukraine sells Crimean assets to Lukoil-Yugnefteprodukt

The Lukoil Press Service announced on April 3 that Lukoil-Ukraine, an enterprise with foreign investments, has sold 13 gas-filling stations and one oil depot, all in the Crimean peninsula, to Lukoil-Yugnefteprodukt.

03.04.2014 Russia’s Lukoil drills exploration well in Cote d-Ivoire

Lukoil Overseas (the operator of Lukoil’s overseas upstream projects) has completed the drilling of its first offshore exploration well, Capitaine East-1x, at block CI-101 in Côte d'Ivoire.