Lukoil, Russia Oil and Gas

Lukoil considers selling a third of its petrol stations in Russia.

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.

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Twins of Russian oil companies in Great Britain to lose registration

Transneft, Tatneft, Lukoil and Surgutneftegaz have succeeded in annulling their counterparts from the public register of UK companies.

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Extraction of the JV of Lukoil and Wintershall made up 5.3 mln barrels in 2016

The extraction of the JV of Lukoil and Wintershall, Volgademinoil, made up 5.3 mln barrels of oil equivalent in 2016.

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Lukoil plans to increase APG utilization to 95% until the end of 2018

By the end of 2018 Lukoil plans to increase APG utilization from the current 92% to 95%, the company says.

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S&P improves forecasts for ratings of 13 Russian companies and their subsidiaries to “positive”

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 &quot

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Lukoil doesn’t plan to sell fuel stations overseas in 2017

Lukoil doesn’t plan to sell its fuel stations overseas in 2017, first Vice-President of Lukoil, V. Nekrasov, said.

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Gazpromneft and Rosneft to fight for the Erginskoye field

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

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Lukoil plans to increase capital investment to 550-600 bln roubles in 2017

Lukoil plans to increase capital investment to 550-600 bln roubles in 2017, the company reports.
It depends on the rouble/dollar exchange rate.

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Net debt of Lukoil fell by 27.4% to 437 bln roubles in 2016

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.

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Lukoil plans to drill 3 exploratory wells at the Baltic shelf in 2017

Lukoil plans to drill 3 exploratory wells at the Baltic Sea shelf in 2017, the company reports.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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