Russian Deputy Prime Minister Visits LUKOIL’s Production Facilities in West Siberia
Deputy Prime Minister of Russia Yury Borisov paid a visit today to the city of Kogalym (Khanty-Mansi Autonomous District – Yugra, Russia). He was accompanied by Governor of Yugra Natalya Komarova and President of PJSC LUKOIL Vagit Alekperov. At one of LUKOIL’s production facilities, LUKOIL EPU Service LLC, the deputy prime …
Gazprom Neft and LUKOIL Will Join forces to Develop Enhanced Oil Recovery Technologies
Gazprom Neft and LUKOIL signed an agreement on cooperation in the implementation of projects to enhance oil recovery. The document was signed by Alexey Vashkevich, Director for Technological Development of Gazprom Neft, and Ilya Mandrik, Vice President for Geological Exploration and Development of LUKOIL. The partners agreed to work together to …
LUKOIL and Tatarstan Develop Cooperation
Vagit Alekperov, President of PJSC LUKOIL, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a cooperation agreement today in Moscow. The parties intend to jointly develop upstream and downstream projects, production infrastructure, and public amenities. The agreement aims at increasing the efficiency of Tatarstan fuel and energy complex, …
LUKOIL Increases its Share in the Shah Deniz Project in the Caspian Sea
PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transaction will amount to $2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval …
Is There Actually Oil in the Bazhenov Suite?
The article’s title may trigger a hefty dose of skepticism in many readers. due to the fact that the Bazhenov Suite is considered the largest oil reserve in Russia. The efforts taken to develop this reserve are about to bare fruit and the “mystery of the century” is about to …
LUKOIL: Enters Exploration Project in Caspian Sea
On 28 September 2021, PJSC LUKOIL signed an agreement on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from bp. The deal is expected to complete before the end of 2021, following its approval by the …
LUKOIL: Executives Rated Among Top-1000 Russian Managers
LUKOIL representatives are listed among the best Russian executives in the 22nd annual TOP-1000 Russian Managers rating presented by the Russian Managers Association and Kommersant Publishing House. Vagit Alekperov, President of PJSC LUKOIL, made it into the main list of Russian business leaders. Alexander Matytsyn, First Vice President, entered the top three of finance …
LUKOIL: Creates Largest Digital Model of Oil Field In Russia
PJSC LUKOIL brought into operation the largest digital model of an oil field in Russia. Creation of this complex integrated model of the Vatyeganskoye field is a part of LUKOIL’s Intelligent Field project. This one-of-a-kind project (in terms of both scale and difficulty) envisages creation of digital twins of over 3 thousand …
LUKOIL Approves Technical Policy on Energy Efficiency and Reduction of Greenhouse Gas Emissions
PJSC LUKOIL adopted a revised technical policy on energy efficiency and reduction of greenhouse gas emissions. In compliance with the requirements of climate legislation, the policy will be applied at the Company’s enterprises in Russia. The technical policy aims at improvement of energy efficiency of all work processes on the …
LUKOIL and Gazprom Neft: Form Meretoyakha Neftegaz JV to Develop a Large Cluster in YANAO
PJSC LUKOIL and PJSC Gazprom Neft concluded an agreement on creating a joint venture to develop a major oil and gas cluster in the Nadym-Pur-Tazovsky area of the Yamal-Nenets Autonomous District. The document was signed by Vagit Alekperov, President of LUKOIL, and Alexander Dyukov, CEO of Gazprom Neft PJSC, in presence …