Lukoil

Valery Falkov, Russian Minister of Science and Higher Education, Natalya Komarova, Governor of Khanty-Mansi Autonomous Area – Yugra, and Vagit Alekperov, President of LUKOIL, have laid today the foundation stone of the future education center – a branch of Perm National Research Polytechnic University (Perm Tech). The Agreement on its …

At today’s meeting of LUKOIL Board of Directors in Moscow the members of the Board reviewed the Company’s performance in the first half of 2020, budget execution and progress on the investment plan. The Directors noted that amid the COVID-19 pandemic and a slump in hydrocarbon demand and prices the …

LUKOIL launched a priority project aimed at the modernization of Yarega field oil mines and related infrastructure. This is mostly due to the Oil Mines Industrial Security Rules devised upon the Company’s own initiative and adopted by the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor). The project entails the first ever …

LUKOIL and Tomsk State University (TSU) concluded a joint agreement to clean up bottom sediments in the water bodies of the Yareganeft area in the Republic of Komi. These sediments had been accumulating since the 1960s, long before LUKOIL acquired assets in the region in 2001. LUKOIL has already successfully …

For the six months of 2020 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,155 thousand boe per day, which is 8.4% lower year-on-year as a result of a significant production cut in the second quarter of 2020. The cut was due to the new OPEC+ agreement …

The Board of Directors of PJSC LUKOIL held a meeting in Moscow today. The following quantitative and personal composition of the Management Committee was approved: Vagit Alekperov                                            President Vyacheslav Verkhov                                     Chief Accountant Vadim Vorobyev                                           First Executive Vice President Denis Dolgov                                                 Vice President for Power Generation Pavel …

LUKOIL has successfully tested an open hole technology at its fields in the Komi Republic and West Siberia. The new method has been tested at Vozeyskoe, Usinskoye, Kyrtaelskoye, Potochnoye and Povkhovskoye fields, where hydraulic fracturing is used to stabilize hydrocarbons production and stimulate wells. Equipment used for the open hole …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

LUKOIL reports on the approval of the amendments to the Group’s Health, Safety and Environmental Protection in the 21st Century Policy (the Policy) aimed at further development of the Company’s carbon management system. The amendments were made pursuant to the resolution of the Company’s Board of Directors to start developing further goals to …