LUKOIL and Nizhny Novgorod Region Sign a Supplementary Cooperation Agreement
President of LUKOIL Vagit Alekperov and Governor of Nizhny Novgorod region Gleb Nikitin signed a supplementary cooperation agreement. The signing ceremony took place today in Nizhny Novgorod. The agreement’s objective is to support and develop education, healthcare, sports and culture in the Nizhny Novgorod region. LUKOIL’s Social and Cultural Projects …
LUKOIL to Continue Investment Projects in the Nizhny Novgorod Region
President of LUKOIL, Vagit Alekperov and the Governor of Nizhny Novgorod region Gleb Nikitin had a meeting in Moscow today. They discussed current progress on the ongoing projects and prospects for the future development of cooperation between the company and the region. “LUKOIL is one of the pivotal enterprises in …
LUKOIL Proceeds with Filanovsky Field Phase Two Development
Deputy Prime Minister of the Russian Federation Yury Borisov and President of LUKOIL Vagit Alekperov launched phase two of the development drilling campaign of the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at Vladimir Filanovsky field in Astrakhan, Russia, today. The second phase aims to keep oil production at the …
LUKOIL and KazMunayGas Sign Agreement on Al-Farabi Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh Sector of the Caspian Sea. The agreement defines rights and obligations of LUKOIL and KMG as future license …
RDCR & KDR Combine and Go Virtual in 2020!
Join us Online for a Combined RDCR & KDR on the 4th December 2020 Due to the current worldwide travel restrictions, the organising committee will combine RDCR and KDR in 2020 to host what will be the largest virtual gathering of Russian and Kazakh drilling and production experts yet seen …
LUKOIL to Build New Education Center in Kogalym
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 …
LUKOIL Board of Directors Recaps 2020 Mid-Year Performance
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 Begins Modernization of its Yarega Field Production Facilities in the Republic of Komi
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 University to Clean up Soviet-Era Water Contaminations in Komi
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 …
LUKOIL Peports Preliminary Operating Data for the Second Quarter and Six Months of 2020
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 …