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 …
LUKOIL to Launch Another Project in Kazakhstan
LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …
LUKOIL: Q1 2019 Results – Revenue Up 13.5% yoy
PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2019 4Q 2018 1Q 2019 1Q 2018 (RUB bln) 1,850.9 2,043.2 Sales 1,850.9 1,630.7 298.1 278.3 EBITDA 298.1 219.5 292.9 274.1 EBITDA excluding …
JSC Uzbekneftegaz to be Split Up into Three Separate Companies
Bloomberg publication has published an article on the process of reforming the oil and gas industry in Uzbekistan. The material is based on an interview with the chairman of the company Bakhodirjon Sidikov. As the author of the publication Zulfugar Agayev notes, the goal of reorganizing the JSC Uzbekneftegaz is …
LUKOIL Drills Record Breaking Wells at D41 in the Baltic Sea
LUKOIL commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019. The field is operated from an onshore site with two newly drilled horizontal wells, one of …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2019
In the first quarter of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,379 thousand boe per day, which is 4.1% higher year-on-year and 0.3% higher quarter-on-quarter. The increase was mainly driven by the development of gas projects in Uzbekistan. Hydrocarbon production, thousand boe per day …