LUKOIL is about to invest $1 billion into “Samara-nafta” until 2017

LUKOIL (LKOH) is about to invest $1 billion into “Samara-nafta” in 2013-2017 to increase production. It is said about in the materials of an oil company.

The annual increase of production is planned at 5-7% in the next 5 years (the output makes up about 2.5 million tons of oil a year at present). Investments of “Samara-nafta” made up $230 million last year, Prime reports.