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14.01.2014 Lukoil oil, gas output up in 2013

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.

13.01.2014 Russia’s LUKoil to pay hefty fine for oil spills

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.

08.01.2014 Russian oil, gas condensate production up 1% in 2013

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. 

02.01.2014 Russia’s Lukoil Buys 20% of Refinery in Italy

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.

26.12.2013 Lukoil Favors Allowing Foreign Companies to Explore Russian Shelf

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

19.12.2013 Russia’s Lukoil Buys Filling Station Chain in Belgium

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.

18.12.2013 Lukoil Begins Preparing Offshore Installations for Filanovsky Deposit

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.

17.12.2013 Russia’s Lukoil Adopts New Management Strategies

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.

16.12.2013 Uzbekneftegaz to Increase Investment by 15% in 2014

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.

16.12.2013 Russia’s Lukoil to Build Gas Processing Plant in Uzbekistan

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