Lukoil

LUKOIL and the owners of ZAO Samara-Nafta signed a purchase and sale agreement for 100% of the shares of ZAO Samara-Nafta, the oil producing company in Samara and Ulyanovsk regions of the Russian Federation. The oil production rate comes to around 2.5 million tons of oil per year. The company …

LUKOIL has published consolidated US GAAP financial statements for 2012. The Company’s 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings before interest, taxation, depreciation and amortization) rose by 1.7% and reached $18,915 million. Sales revenues were $139,171 million (+4.1% y-o-y). The Company’s strict financial discipline …

President Vagit Alekperov and Vice-president Leonid Fedun of OAO LUKOIL over the last two weeks made acquisitions in Company stock in the amount of 140,000 shares and 31,875 shares at market price, which amounted to RUR 281 million and RUR 63.7 million, respectively. As a result of the transactions, Vagit …

The Board of Directors of OAO LUKOIL approved lists of candidates for election of the Board of Directors and the Audit Commission at the 2013 Annual General Shareholders Meeting.   The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting …

Eurasia Drilling expects sales to grow 12.5 percent to $3.6 billion this year as the largest Russian oil driller boosts lucrative “horizontal” projects. “The main reason is horizontal drilling, which should be up substantially,” Chief Financial Officer Richard Anderson said today by phone from Moscow. “The wells cost more.” Total …

OOO LUKOIL-West Siberia has won the bidding for the use of a subsoil site of federal importance, including the Imilorskoye+West Imilorskoye and Istochnoye fields located in Khanty-Mansi Autonomous District -Yugra. The Company offered a one-time payment for the subsoil use in the amount of RUR 50.8 billion, which amounts to …

Ravil Maganov, LUKOIL First Executive Vice President, and Aleksandr Dzhaparidze, CEO of EURASIA DRILLING COMPANY Ltd. (EDC), signed a Memorandum of Understanding between the companies. As part of the document, EDC will provide LUKOIL with the drilling capacities that are required for the project aimed at additional exploration and development …

The Board of Directors of LLC Bashneft-Polyus, a joint venture of JSOC Bashneft and OJSC Lukoil which develops the R. Trebs and A. Titov oilfields in the Nenets Autonomous District, approved Vladimir Nesterenko as the company’s new General Director. The former General Director of LLC Bashneft-Polyus Vitaly Litvinenko decided to continue his career outside Bashneft. Vladimir Mikhailovich Nesterenko was born in 1972. In 1998 …

Moscow oil and gas conferences (NEFTEGAZSNAB, NEFTEGAZSTROY, NEFTEGAZOPERERABOTKA, NEFTEGAZSERVICE, NEFTEGAZSHELF) aim at widening cooperation of oilmen and gas workers with their contractors and suppliers.  Representatives of great many companies will be moderating the conferences as speakers and experts, the ones from Gazprom, Transneft, LUKOIL, ТNК-BP, Rosneft, Surgutneftegas, RussNeft, Slavneft, Tatneft, …

Anatoly Moskalenko, OAO LUKOIL Vice President for Human Resources Management and Corporate Structure Development, and Guy Ryder, General Director of the International Labor Office, signed a Cooperation Agreement between the Company and the International Labor Organization (ILO), in Moscow today. The agreement focuses on cooperation in the areas of youth …