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03.04.2014 Russian gas output down in Q1 2014

Russia’s gas production decreased by 1.6% in the first three months, as compared to the same period of the preceding year, and stood at 180,491 billion cubic meters, the central fuel and energy supervisory department said in its report made public on April 2, Itar-Tass h

31.03.2014 Lukoil, Total to jointly explore Siberian shale oil

Lukoil and France's Total have signed a memorandum to develop the Bazhenov shale oil fields in western Siberia, Interfax news agency quoted Lukoil CEO Vagit Alekperov as saying on March 29, Reuters has reported.

31.03.2014 Lukoil starts production at Iraqi field

Lukoil has started commercial production at the West Qurna-2 oil field in Iraq ton March 29, Lukoil’s press service has said.

27.03.2014 S&P downbeat on four Russian oil and gas companies

Standard & Poor's Ratings Services said on March 26 it revised its outlooks on Russian oil and gas companies Gazprom, Rosneft, Transneft and LUKoil to negative from stable, Itar-Tass has reported.

21.03.2014 Lukoil establishes subsidiary in northern Russian area

Oil major Lukoil is establishing a new regional subsidiary and prepares for the investment of €1,4 billion in the Nenets Autonomous Okrug, Barents Observer reported on March 20.

19.03.2014 Russia's Lukoil eyes natural gas in Saudi Arabia

Russia's Lukoil is negotiating a deal with the world's top oil exporter Saudi Arabia to tap unconventional gas deposits in the kingdom's "Empty Quarter" desert region, the company's overseas unit said, Reuters reported on March 18.

17.03.2014 Russian Lukoil invests $660 million in Uzbek gas projects in 2013

Russian National Company Lukoil invested $ 660 million in gas projects implementation in Uzbekistan in 2013 which is 38 percent higher than in 2012, corporate newspaper of "Lukoil Overseas" (operator of international upstream- projects of Russian company) reported, Trend

14.03.2014 Production in Russia’s Nenets area expected to grow in 2014

“We are ready to handle the increase in demands”, Director of the Naryan-Mar Commecial Port  Ivan Chemko underlines, Barents Observers reported on March 13.

07.03.2014 Lukoil aims for boost at Arctic assets

Northern Russia will be a key priority for the privately own company in the period 2014-2016. A total of $2 billion is to be invested in field development in the Timan-Pechora province in the period, company representatives told an audience of investors this week.

28.02.2014 Lukoil borrows $200mn for Shah Deniz

Lukoil Overseas has signed an agreement to draw the second $200mn tranche of a loan from the EBRD for developing the gas condensate field Shah Deniz in Azerbaijan. The $380mn loan was attracted for five years at LIBOR plus 1.5%.