Lukoil to reduce its investment program because of sanctions

Lukoil will reduce its investment program in connection with the sanctions, the Reuters reports, referring to the company’s head, Vagir Alekperov.

“Lukoil expects that its investment program will be affected by the sanctions, as it limits access to finance,"- the Reuters cites Alekperov’s words. According to him, the company considers possibility to sell some assets in Eastern Europe to focus on projects in Russia.