Lukoil, Russia Oil and Gas
LUKOIL is considering the possibility of selling up to 30% of its petrol stations in Russia due to a drop in the profitability of the business.
Transneft, Tatneft, Lukoil and Surgutneftegaz have succeeded in annulling their counterparts from the public register of UK companies.
The extraction of the JV of Lukoil and Wintershall, Volgademinoil, made up 5.3 mln barrels of oil equivalent in 2016.
By the end of 2018 Lukoil plans to increase APG utilization from the current 92% to 95%, the company says.
The international rating agency Standard & Poor's (S&P) has improved the outlook for long-term foreign and local currency ratings of 13 Russian companies and their subsidiaries to "
Lukoil doesn’t plan to sell its fuel stations overseas in 2017, first Vice-President of Lukoil, V. Nekrasov, said.
Gazpromneft will compete with Rosneft at the auction for the largest explored site of the undistributed fund - the Erginskoye field, which the Ministry of Natural Resources wants to hold before Jul
Lukoil plans to increase capital investment to 550-600 bln roubles in 2017, the company reports.
It depends on the rouble/dollar exchange rate.
The net debt of Lukoil fell by 27.4% to 437 bln roubles in 2016.
As of the end of 2015 the net debt of Lukoil made up 602 bln roubles.
Lukoil plans to drill 3 exploratory wells at the Baltic Sea shelf in 2017, the company reports.