Lukoil anounces its plans for 2014-2016
Edited by Rhod Mackenzie / 2014-03-07 09:29:26
In 2014-2016, Lukoil plans to invest about $51 billion. About $42 billion of this amount will be used for exploration and production, including $18 billion for foreign projects.
The capital investments into new projects in Russia will make up about $8 billion: $4 billion of that will be spent for Caspian projects, $2 billion for the Timano-Pechora province and $2 billion for Western Siberia.
In 2014-2016, the Lukoil’s capital investments into processing and marketing will make up $9 billion.
The peak of the investments in the amount of $19 billion will fall on 2014 that is by 23% more than in 2013.
