Lukoil is going to invest more than 31bn rubles by the end of 2014 in upgrading the Volgograd oil refinery, Lukoil head Vagit Alekperov has said at a meeting with the local governor, Andrey Bocharov.
Rosnedra has said it is going to conduct auctions to sell rights to four hydrocarbon blocks in Yakutia and one in Volgograd Region.