SICIM Won The Tender For The Modernization of Gas Installations at The West Qurna-2 Field
The Iraqi Council of Ministers, as part of measures to optimize the gas sector, approved the results of a tender for the modernization of mineral impurity removal facilities and the construction of drying and compressed gas installations, as well as a nitrogen installation for the West Qurna-2 field. According to …
Lukoil Signed an Additional Agreement with Iraq to Increase Oil Production
Lukoil has entered into an additional agreement on the West Qurna 2 project in Iraq, which provides for the extension of the service contract for ten years, until 2045, and a gradual doubling of the field’s capacity with a production plateau of 800 thousand barrels per day, the company reported. …
Lukoil Increased Oil Production at West Qurna-2
Lukoil put into operation two well pads – No. 4 and No. 9 – at the West Qurna 2 field in Iraq, increased oil production to the target of 480,000 barrels per day, a subsidiary of the Lukoil Mid-East Limited group said. “In accordance with the service contract, the company …
One Billion Barrels of Oil Produced by LUKOIL at West Qurna-2, Iraq
LUKOIL has produced one billion barrels of oil at West Qurna-2, Iraq, since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Special events on the occasion of the company’s milestone year were attended …
LUKOIL: Reports Preliminary Operating Data for the Third Quarter and Nine Months Of 2021
For the nine months of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,116 thousand boe per day, which is 2.5% higher year-on-year, while in the third quarter of 2021 hydrocarbon production increased by 3.2% quarter-on-quarter. The production growth was attributable to the dynamics of the …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2021
In the first quarter of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as to …
LUKOIL Releases Financial Results Under IFRS for 2020
PJSC LUKOIL today released its audited consolidated financial statements for 2020 prepared in accordance with the International Financial Reporting Standards (IFRS). Financial highlights 4Q 2020 3Q 2020 12M 2020 12M 2019 (RUB bln) 1,530.3 1,456.7 Sales 5,639.4 7,841.2 189.6 202.2 EBITDA 687.1 1,236.2 29.4 50.4 Profit for the period attributable to shareholders 15.2 …
Iraq’s Prime Minister and LUKOIL Head Discussed Prospects of Cooperation
Today in Baghdad, Prime Minister of the Republic of Iraq Mustafa Al-Kazimi, in the presence of Iraqi Oil Minister Ihsan Abdel-Jabbar Ismail, received a delegation of PJSC LUKOIL headed by the President of the Company Vagit Alekperov. The meeting was also attended by the Ambassador Extraordinary and Plenipotentiary of the Russian …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2020
In the first quarter of 2020 LUKOIL Group’s average daily hydrocarbon production excluding the West Qurna-2 project totaled 2,328 thousand boe per day, which is 2.1% lower year-on-year and 2.5% lower quarter-on-quarter. The decline in production was driven by lower gas supply to China from projects in Uzbekistan due to …
LUKOIL Reports Preliminary Operating Data for the Third Quarter and Nine Months of 2019
For the nine months of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, which is 1.6% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due …