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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 …
The real reduction is 33% compared to the price previously requested by Bulgargaz.
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 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 has signed an agreement to purchase a 15.5% stake in the Shah Deniz gas project in the Azerbaijani sector of the Caspian Sea from the Malaysian company Petronas for $ 2.25 billion, the Russian company said in a statement. The …
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 …
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 …
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 …
The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely to benefit the biggest oil firms in Russia and Saudi oil giant Aramco, analysts and portfolio managers told Bloomberg, Oil Price informs. While major developed economies are vowing to ‘build back greener,’ the world will still run on oil, and the beneficiaries, at least in the short term, will be the oil firms in countries that haven’t pledged net-zero targets and whose major oil companies are doubling down on oil production
According to the data of the Central Dispatching Department of the Fuel Energy Complex, oil and gas condensate production in Russia decreased by 8.6% - to 512.68 million tons in 2020. Thus, the largest reduction was documented in …
The economic slowdown, a result of the coronavirus pandemic, has affected the gas trade
Russia is ensuring a leading position in the exploration and development of the Arctic’s huge gas deposits
Russia’s Lukoil said on Thursday it had cut its capital expenditure guidance for this year to 450-500 billion roubles from 550 billion roubles ($8 billion) due to adverse market conditions and an output reduction deal, Reuters reports. …
President of Lukoil Vagit Alekperov is confident that the company will successfully overcome the cycle of low oil prices and continue to implement its strategy. "I am sure that we will successfully overcome the next price …
Co-owner of Russia's oil company Lukoil Leonid Fedun was hospitalized with the coronavirus, football club Spartak, which Fedun also owns, said on the official website. "Leonid Arnoldovich Fedun, chairman of the board of …
Russian tycoon Vladimir Potanin, one of core owners of metals giant Norilsk Nickel, has become the richest man in the Russian section of the Forbes Real-Time Billionaires list, which tracks wealth of tycoons in real time, with …
Azerbaijani President Ilham Aliyev held a meeting with President of Russian LUKOIL company Vagit Alekperov in Davos yesterday. The sides discussed the joint development of Azerbaijan's …
Russia's edition of Forbes published its own version of the top 5 most successful Russian billionaires in 2019. The leader of the rating was the biggest shareholder in Norilsk Nickel Vladimir Potanin - over the …
Russia's LUKOIL company is showing interest in two projects in Azerbaijan, the company's Chief Executive Vagit Alekperov said. “We are in talks with the Azerbaijani side and we hope to complete them …
An oil price of $60-65 per barrel would be comfortable for participants in the deal agreed by the OPEC+ group of producers to limit supply, vice president of Russian oil producer Lukoil Leonid Fedun said. Fedun said …
