Rostelecom on the Basis of Former Subsidiary of LUKOIL Will Create a Center for Digitalization of the Oil Industry
The oil company announced the transition to the services of professionals on the basis of outsourcing. Rostelecom bought out a 49.9% stake in telecommunications LLC Inform from LUKOIL and thus received a consolidated 100% stake. This will ensure the completion of the formation of an industry competence center and will …
Lukoil’s Hydrocarbon Production Grew by Seven Percent in 2022
Lukoil’s hydrocarbon production in 2022 increased by 7%, excluding the West Qurna 2 project, to 2.3 million barrels of oil equivalent per day, according to the company’s annual report. “At the end of 2022, the group’s hydrocarbon production amounted to 2.3 million barrels of oil equivalent per day, of which …
LUKOIL and Gazprom Discuss Cooperation Vectors
Management of PJSC LUKOIL and PJSC Gazprom held a business meeting today. The parties discussed main vectors of cooperation. Particular attention was paid to operations of Layavozhneftegaz LLC, the special purpose joint venture of the two companies. It had been created to implement the project of development of the Vaneyvisskoye …
KazMunayGas Started Drilling at the Zhenis Offshore Block in the Caspian
KazMunayGas has started drilling at the Zhenis offshore block in the Caspian. “We started drilling, drilling is going on, we started it at the end of last year,” Magzum Mirzagaliyev, head of KazMunayGas, told Interfax-Kazakhstan. According to him, drilling began at the time that was planned. Earlier it was reported …
LUKOIL Signed an Agreement on the Sale of the Isab Refinery in Italy
PJSC LUKOIL announces that LITASCO S.A., a 100% subsidiary of the LUKOIL Group, and G.O.I. ENERGY LIMITED (hereinafter – G.O.I. ENERGY) have reached an agreement to sell ISAB S.r.L. (hereinafter – ISAB) G.O.I. ENERGY. The deal is scheduled to be closed by the end of March 2023 after the fulfillment …
LUKOIL Becomes Leader of ESG-Indices
PJSC LUKOIL became one of the leaders of ESG-indices of Russian Union of Industrialists and Entrepreneurs (RSPP): Responsibility and Transparency and Sustainability Vector. The 2022 index participant list was compiled on the basis of RAEX-600 Top 100 rating of the largest Russian companies and the Moscow Exchange Index companies list. …
LUKOIL Completes Acquisition of Russian Retail and Lubricants Assets of Shell
The final agreement on acquisition of Shell’s Russian retail and lubricants assets was signed in Moscow. The assets include the chain of filling stations primarily located in the Central and Northwestern federal districts of Russia, and lubricants blending plant located in Tver region. The sale was approved by Russia’s Federal …
Shell Signs Agreement to Sell Retail and Lubricants Businesses in Russia
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC LUKOIL. The deal includes 411 retail stations, mainly located in the Central and Northwestern regions …
LUKOIL: Completes the Deal on Acquiring Interest in Shah-Deniz Project
PJSC LUKOIL announces completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion of the deal, LUKOIL increased its share in the project from 10% to 19.99%. Other parties to the project are bp …
Gazprom Neft: 2021 Net Profit Reaches an All-time High
Gazprom Neft (the “сompany”) has today published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2021 (FY 2021). Gazprom Neft’s financial performance for FY2021 was at an all-time high, with revenue reaching ₽3.068 trillion in FY2021, up 53.5% y-o-y. Adjusted EBITDA1 (earnings before interest, taxes, depreciation, and amortisation) reached ₽986.1 billion, …