Lukoil receives approximately $30 billion benefit after the modernization of production.

Modernization of Lukoil, Russia's second largest oil company, the investment in which had amounted to approximately 14 billion US dollars, had brought the company 30 billion US dollars and allowed to prevent losses from the "tax maneuver", the vice-president of the Coordination of oil products and a board member of LUKOIL Vadim Vorobyev told the TV channel "Russia 24".

"With that modernization, which was carried out, over the last 7-8 years our plants have earned somewhere 30 billion US dollars. Not within a year, but it was during this period (from the beginning of modernization - 2005-2006)", - he added.

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