LUKOIL Announces IFRS Financial Results for the Third Quarter and Nine Months of 2019
PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2019, prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q 2019 2Q 2019 9M 2019 9M 2018 (RUB bln) 1,952.3 2,125.6 Sales 5,928.8 5,992.7 327.8 332.2 EBITDA 958.0 …
LUKOIL Does Not Plan to Invest in Saudi Aramco’s IPO
LUKOIL, Russia’s second largest oil producer, does not plan to invest in Saudi Aramco’s planned initial public offering, its CEO and biggest shareholder, Vagit Alekperov, told reporters on Monday. Saudi state oil giant Aramco plans to start the offering, set to rank it as the world’s most valuable company, on …
LUKOIL Reports Preliminary Operating Data for the Third Quarter and Nine Months of 2019
For the nine months of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, which is 1.6% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due …
Russia’s Lukoil, Hungary’s MOL to Sign Dirty Oil Settlement
Russian oil producer Lukoil and Hungarian energy company MOL are set to sign a settlement deal over contaminated oil during Russian President Putin’s visit to Budapest this week, four industry sources told Reuters. A high level of organic chloride was found in late April in Russia’s Druzhba pipeline, which connects …
LUKOIL and Nigerian National Petroleum Corporation Sign a Memorandum of Understanding
President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the …
LUKOIL Enters the Ghasha Project for the Extraction of Hydrocarbons in the UAE
Today in Abu Dhabi (UAE), as part of the state visit of Vladimir Putin, the President of the Russian Federation, Accession to the Ghasha Concession Agreement with a 5% share was signed by Vagit Alekperov, President of PJSC LUKOIL, and His Excellency Dr. Sultan Ahmed Al Jaber, Group CEO of …
LUKOIL and KazMunayGas Sign Agreement on Joint Studies
President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGas Alik Aidarbayev have signed today in Almaty (Kazakhstan) an Agreement on Joint Studies. The two companies agreed on major terms of cooperation and expressed their willingness to begin studies on mineral resources in order to evaluate …
LUKOIL: Acquires 25% Interest in the Marine XII Project in Congo
PJSC LUKOIL announces the closure of the acquisition of a 25% interest in the Marine XII project in the Republic of Congo from New Age M12 Holdings Limited. The transaction was closed after all suspensive conditions were met, including the approval of the government of the Republic of the Congo.
LUKOIL: H1 Results 2019: Revenue Up 7.9%, EBITDA Up 22.5%
PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 2Q 1Q 1H 1H 2019 2019 2019 2018 (RUB bln) 2,125.6 1,850.9 Sales 3,976.5 …
Russia’s LUKOIL Says 2020 Capex May Exceed $8 billion
MOSCOW (Reuters) – Russian oil producer Lukoil’s capital expenditure may exceed $8 billion next year, the company’s Vice President Pavel Zhdanov said on Thursday. The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its …