LUKOIL’s Board of Directors held a meeting in Moscow on January 13 to summarize the company’s preliminary performance results from 2013 and set priorities for 2014.
A subsidiary of the Russian oil giant LUKoil has been slapped with a fine of 614 million rubles ($18.5 million), which Greenpeace said appeared to be the biggest such fine in Russia’s history, RIA Novosti reported on January 10.
In 2013, Russia increased oil and gas condensate production by 1%. In 2013, Russia, produced 523.27mn tons of oil at the pace of 10.5mn barrels per day. In December, Russia produced 44.96mn tons of oil at 10.63mn bpd.
Lukoil said on December 31 that it finalized a transaction to purchase the remaining 20-percent share in the joint venture running the ISAB refinery, located in the vicinity of Priolo (Sicily), from the Italian ERG.
Lukoil has proposed that foreign service companies be allowed access to conducting geological surveys in Russian territorial waters in the Baltic Sea, Terminal has reported, citing Lukoil recommendations presented at a meeting hosted by the Russian Natural Resources Mini
Russian oil major Lukoil has bought a chain of 10 gasoline filling stations in Belgium operating under the OERAL brand, the company said in a statement on December 18, Prime has reported.
The shipyard Krasnye Barrikady in Astrakhan has begun building the platform for a living module for the second stage of Lukoil’s Vladimir Filanovsky deposit (PZhM-2) in the Russian sector of the Caspian Sea, Lukoil’s press service has said.
Lukoil-Nizhnevolzhskneft, which is 100% owned by Lukoil, has won ‘The Best of the Best’ award of the Canadian RLG International, which evaluates project across the world taking into account achievements, return on investment and stability of performance.
The national holding company Uzbekneftegaz is going to increase investment in development and modernization by 15% next year to USD 2.886bn, RIA Novosti has reported, citing an edict from Uzbek President Islom Karimov.
Russian oil major Lukoil has announced a tender to buy equipment and build a gas processing plant on the basis of the Kandymskaya group of fields in Uzbekistan, operator of international upstream projects Lukoil Overseas said in the company’s corporate magazine released