Russian gas supplies to Central Asia double
Gazprom scaled up gas deliveries to Central Asia by a factor of two in January - August 2024, CEO Alexey Miller said. …
LukOil
LUKOIL reveals impact of its share boosting in Shah Deniz
Increasing share of Russia's LUKOIL in the Shah Deniz gas project in Azerbaijan to nearly 20% allowed the company to expand its foreign gas production …
Vagit Alekperov becomes richest businessman in Russia
Former Lukoil president Vagit Alekperov took first place in the new list of the richest people in Russia compiled by Forbes. Alekperov became the leader of the annual ranking for the first time.
Six Lukoil gas stations to open in Uzbekistan in 2024
Next year, the first Lukoil gas stations will appear in Uzbekistan. Six such gas stations will be opened next year.
Lukoil to help SOCAR with crude processing at Turkish refinery
Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar's …
Lukoil, Uzbekistan to gain up effectiveness of projects
As a result of the meeting of the Minister of Economy of Uzbekistan with Vagit Alekperov, Uzbekistan, and Russia's Lukoil decided to work on improvement of the projects' efficiency. On Friday, Minister of …
Lukoil to develop green energy in Stavropol Territory
Lukoil will build a solar power plant together with a wind power plant in the Stavropol Territory. In total, they will provide almost 80 MW. Green energy is a promising direction for development in the region.
LUKOIL to expand its presence in Egypt
LUKOIL plans to expand its presence in Egypt by participating in new concessions for the development of hydrocarbon deposits, the message published by the Ministry of Oil and Mineral Resources of Egypt following a meeting between the head of the …
Lukoil buying 100% of FC Spartak
Lukoil has acquired 100% of shares of JSC Football Club Spartak-Moscow as well as the Otkritie Bank Arena stadium, the oil company said in its Telegram channel. Furthermore, Leonid Fedun, who has ceased being a shareholder of the club, …
Saudi firm invests more than $500 mln in Russian energy companies
Saudi company Kingdom Holding, which was founded by Prince Alwaleed bin Talal, invested more than $500 mln in Rosneft, Lukoil and Gazprom during the first quarter of this year, the Saudi firm said on Sunday. From February 22 to March 22 …
Alekperov appointed president of Lukoil
Vadim Vorobyov has been appointed the Lukoil's new president. The corresponding decision was made by the company's shareholders at a special meeting held on May 30. "A decision was made ... to terminate the powers …
Shell completes sale of retail and lubricants businesses in Russia
Lukoil has completed the acquisition of over 400 Shell retail stations and lubricants blending plant in Russia, the oil major said in a statement on Wednesday. "The final agreement on acquisition of Shell's Russian retail and …
Italy increases Russian oil imports
Italy has increased its imports of Russian crude despite EU efforts to end ties to Russian energy
Shell sells Russia's retail business to Lukoil
Russia's second-largest oil producer Lukoil will buy Shell's Russian retail and lubricants businesses, the companies said on Thursday. The deal includes 411 retail stations, mainly located in the Central and Northwestern …
The fossil fuel companies profiting from Europe’s oil trade with Russia
As the European Union prepares a full-scale embargo on Russian oil imports, EURACTIV …
Reserves of new Caspian field estimated as up to 150 mln tonnes
Lukoil has received commercial inflows of natural gas and condensate at a recently discovered Titonskaya structure on the shelf of the Caspian Sea and reserves ranging from 140 to 150 mln tonnes of equivalent fuel will be presented to the State …
Lukoil increases stake in Shah Deniz gas field
Russia's Lukoil has announced completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion …
OPEC's+ five years: Expect More Turbulent Years Ahead for the Oil Producers
The OPEC+ group of oil producers celebrated their fifth birthday in early December. It’s been a turbulent time - more so than they could have imagined when they first came together to face the threat posed by the U.S. shale boom …
Are we running out of oil and gas? Oil & gas discoveries in 2021 to hit lowest level in 75 years
An analysis of the annual global oil and gas discoveries in 2021 by the Norwegian energy intelligence firm, Rystad Energy, has revealed that discovered volumes are on track to sink to their lowest full-year level in 75 years should there …
LUKOIL and KazMunayGas ink agreement on Kalamkas-Sea offshore field
Russia’s LUKOIL and Kazakhstan’s KazMunaiGas (KMG) have signed an Agreement on Principles for the Kalamkas-Sea and Khazar Project, according to to KMG. The mentioned agreement was signed during the meeting between the …
