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20.02.2014 Russia’s Lukoil earnings up in 2013

Lukoil on February 19 published consolidated US GAAP financial statements for 2013. The Company’s 2013 net income reached $7,832 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $16,668 million in 2013.

19.02.2014 Algeria invites Russia’s Gazprom, Lukoil to develop oil and gas

Algeria, with Africa’s second biggest gas reserves, has asked Russia’s Gazprom and Lukoil to tender for the joint development and exploration of some of the 30 fields that make up a fifth of the country, says Gazprom International, rt.com reported on February 18.

19.02.2014 Russia’s Rosneft, Lukoil, Gazprom Neft increase oil production in January

Russia’s state-run Rosneft produced in January 17.36 million tonnes of oil, having showed a growth by 1.2 percent year-on-year, the Central Dispatch Service reports, Itar-Tass reported on February 19.

17.02.2014 Lukoil buys Zuyatsky block in Russia’s Perm territory

The Zuyatsky block has been auctioned off to Lukoil-Perm, which will be authorized to prospect for and produce hydrocarbons there.

14.02.2014 Two killed in Lukoil petrol station blast in Azerbaijan capital

An explosion occurred on February 13 at a petrol station's gas tank in Baku's Khatai district, Azerbaijani Emergency Situations Ministry told Trend.

13.02.2014 Russia’s Lukoil quits oil project in Vietnam

Russia’s biggest privately-owned oil producer Lukoil has withdrawn from an oil exploration project in Vietnam, the company’s chief Vagit Alekperov said on February 12, RIA Novosti has reported.

13.02.2014 Russia’s Lukoil suspends preparations for Hong-Kong listing

Russian oil company Lukoil has suspended preparations for the listing of its shares in Hong-Kong because Moscow has not ratified an International Organization of Securities Commissions (IOSCO) memorandum so far, CEO Vagit Alekperov said on February 12, Prime has reported

07.02.2014 Russian oil producers want base oil export duties cut

Russian oil companies Lukoil, Gazprom Neft and Tatneft have asked the government for a reduction of export duties on base oils to 20% of the oil duty in a letter to Prime Minister Dmitry Medvedev, Itar-Tass reported on February 6.

07.02.2014 Russia’s Lukoil reserves total 17.4 billion barrels of oil equivalent

Lukoil finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2013, Lukoil’s press service said on February 6.

06.02.2014 Russia’s Gazprom, Lukoil to jointly prevent oil spills

Gazprom Deputy Chairman Vitaly Markelov and Lukoil First Executive Vice-President Ravil Maganov have signed an agreement on cooperation in the prevention and liquidation of consequences of oil spills at sea.