Lukoil Makes One-Time Dividend Payment of More Than Rub 60 Billion
The OAO LUKOIL Press Service announces that today, pursuant to Federal Law No. 409-FZ of December 28, 2010, “On the Amendment of Individual Legislative Acts of the Russian Federation with Regard to the Regulation of Dividend Payment (Profit Distribution)” and the resolution of the Annual General Meeting of Shareholders of …
Board of Directors of Lukoil Approves the Company’s Management Committee Members
The Board of Directors of OAO LUKOIL held a meeting today in Moscow to resolve a number of issues related to corporate governance. Among other things, the following members of the Management Committee were approved: Name Position 1. Vagit Alekperov President 2. Anatoly Barkov Vice-President, General Affairs, Corporate Security and …
LUKOIL Holds Annual General Shareholder Meeting
OAO LUKOIL held its Annual General Shareholders Meeting in Moscow today to approve the 2011 Annual Report and financial statements based on the fiscal year results. The shareholders approved dividend distribution based on the Company’s performance in 2011 in the amount of 75 rubles per ordinary share, which is 27.1% …
LUKoil: Income at 3.8bn USD – Debt Down by 1bn
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2012. The Company’s net income was $3,789 million in the first quarter of 2012, which is 7.7% higher y-o-y. EBITDA was $5,346 million, which is 0.1% higher y-o-y. Sales revenues were $35,261 million (+19.0% y-o-y). Net debt …
Lukoil Appointed Yuri Kessler to General Director of Lukoil-Kaliningradmorneft
The OAO LUKOIL Press Service announces that Yuri Kessler, former First Deputy General Director of OOO LUKOIL-Kaliningradmorneft, has been appointed General Director of said company. Yuri Kadzhoyan, former General Director of OOO LUKOIL-Kaliningradmorneft, has retired on a pension. The Press Service also announces that Denis Rogachev, former OAO LUKOIL First …
Lukoil starts active development at the West Qurna-2 field in Iraq
LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq today. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq’s South Oil Company, LUKOIL Overseas and of the major contractor …
Era of Innovations by Molten
A Molten event “Era of Innovations” was held in Café Pushkin, Moscow, on April 18, 2012 for specially invited O&G professionals. Key experts, Molten clients and partners participated in the event, which was also attended by representatives of the leading Russian businesses and industry media, e.g. “Kommersant”, “Oil of Russia”, …
Lukoil Starts Drilling at Iraq’s West Qurna-2 Field
LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq today. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq’s South Oil Company, LUKOIL Overseas and of the major contractor …
Large Spill Reprted at the Trebs Oilfield
Up to 2,000 tons of oil have spilled from a major field in northern Russia after workers struggled to contain the leak for two days, officials said. The accident happened at the Trebs oil field in the Nenets Autonomous District on Friday following work on an exploratory well. The oil …
Lukoil Signs Contracks for West Qurna-2 Field Construction in Iraq
LUKOIL Mid-East Ltd (West Qurna-2 project operator) has signed several major contracts for the West Qurna-2 field infrastructure development in Iraq based on the tender results. The contract with Samsung Engineering (Korea) sets out 29 months to construct 5 well pads with 67 development wells, 5 gathering lines, a central …