Lukoil Board of Directors Sumarizes Company’s Performance in the First Half of 2012
The OAO LUKOIL Board of Directors has reviewed Group’s preliminary results for the first half of 2012 and investment program realization progress in 2012 in Moscow today. The geological exploration completed within the reporting period gave LUKOIL an increase in the reserves of oil in the amount of 11.6 million tons, of gas …
ConocoPhillips Sells Interest in Russian Joint Venture NaryanMarNefteGaz
ConocoPhillips announced today that, as part of its ongoing strategy to reposition its asset base, it has closed a transaction with LUKOIL for the sale of ConocoPhillips’ indirect 30 percent interest in NaryanMarNefteGaz (NMNG) and certain related assets. Financial terms of the transaction were not disclosed. ConocoPhillips said it expects …
Lukoil Consolidates Assets in Timan Pechora
LUKOIL announced today that it has acquired ConocoPhillips’ indirect 30 percent interest in Naryanmarneftegaz (NMNG) and certain related assets. ConocoPhillips indirectly owned 30% in NMNG. The acquisition brings LUKOIL’s total ownership interest in NMNG to 100%. Financial terms of the transaction were not disclosed. In view of the sale of …
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”, …