LukOil

LUKOIL to expand its presence in Egypt

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 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, …

Alekperov appointed president of Lukoil

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 sells Russia's retail business to Lukoil

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 …

Reserves of new Caspian field estimated as up to 150 mln tonnes

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

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 …

Russia to refocus energy strategy

Russia to refocus energy strategy

Russia's aim to be carbon neutral by 2060 -- announced by President Putin in the run-up to the COP26 climate meeting -- will require a huge restructuring of its economy, which is today heavily dependent on oil and gas revenues

LUKOIL shows interest in Azerbaijan's alternative energy

LUKOIL shows interest in Azerbaijan's alternative energy

LUKOIL cooperates with Azerbaijan not only in the field of oil and gas, but also in the field of alternative energy, Azerbaijani Minister of Energy Parviz Shahbazov said on the sidelines of the Russian Energy Week forum. He …

LUKOIL to enter exploration project in Caspian sea

LUKOIL to enter exploration project in Caspian sea

LUKOIL signed an agreement yesterday on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from BP. The deal is expected to complete …

Russia to develop Azerbaijani-Turkmen oil field?

Russia to develop Azerbaijani-Turkmen oil field?

The Russian oil company LUKOIL plans to take part in the development of the Azerbaijani-Turkmen oil and gas field Dostlug, Azerbaijani Energy Minister Parviz Shahbazov said. "On January 21, 2021, a Memorandum of Understanding was …

Lukoil VP predicts how much oil Iran can offer to market

Lukoil VP predicts how much oil Iran can offer to market

If sanctions are lifted, Iran will be able to offer up to 1.5 mln barrels of oil per day to the market in the near time, Vice President of Lukoil Leonid Fedun told reporters on the sidelines of the St. Petersburg International Economic Forum on …