The Secrets Behind Russia’s 2016 Oil Success
A combination of tax measures, the dollar's value and benefits of a cheap production
LukOil
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Iran qualifies foreign companies for oil and gas tenders
Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to revitalize its industry following the end of international sanctions. The …
Lukoil: companies to cut production in line with share of Russian output
Russian oil company Lukoil will cut its output in proportion with its share of Russian crude production, the firm's vice president, Ravil Maganov, said. His remarks were made after a meeting between Russian oil …
Alekperov: Lukoil margins to decline by 40-50 bln rubles
Russian oil major Lukoil’s margins may contract by 40–50 billion rubles in 2017 due to a higher taxation of the industry, CEO Vagit Alekperov said in an interview to Rossiya 24 television channel broadcast on …
Sanai: Iran interested in Russian energy companies
Iran is interested in the presence of Russian energy companies on its market, and certain agreements are expected to be signed soon, the Iranian Ambassador in Moscow Mehdi Sanai said. "Iran is very much interested …
Russian oil firms discussed output cuts
Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …
Lukoil to sell diamond mine to Otrkritie
Lukoil says concluded an agreement to sell its 100% stake in Arkhangelskgeoldobycha diamond mine to Otkritie Holding group for $1.45 billion in cash. The transaction is expected to close in the first quarter of 2017 subject to approval …
Russia, Iran in oil swap talks
Tehran is in talks with Russian companies on petroleum swap deals, Iran's deputy oil minister for international affairs Amirhossein Zamaninia said. "Yes, we are," he said when asked whether the country is …
Rosneft cancels Lukoil's oil purchase deal with Bashneft
Russia's oil producer Rosneft asked Lukoil to cancel a crude oil purchasing contract with Bashneft, which RBC daily put at 400 billion rubles ($6.4 billion). Earlier this month Rosneft acquired just over 50% in Bashneft for 330 …
Lukoil ready to join oil production freeze
Russia’s oil major Lukoil is ready to join the initiative on crude production freeze if there is a government decree, its Vice-President Leonid Fedun said. "I would like to speak for Lukoil, if there is …
Turkey interested in continuing cooperation with Lukoil
Turkey is interested in continuing partnership with Lukoil, Turkey's President Recep Tayyip Erdogan said at the meeting with head of the company Vagit Alekperov in Istanbul. Russian company noted …
Lukoil invests $1.39 billion into Filanovsky field
Russian oil company Lukoil has invested 87.1 billion rubles ($1.39 billion) in the Filanovsky field in the Caspian Sea, LUKoil's Vice President for Geologic Exploration, Ilya Mandrik, said at the Offshore Marintec Russia …
Rosneft could buy Bashneft for over $5 billion
Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion). Another option on the table is quizzing possible buyers on the price within a week. …
Vagit Alekperov: we ready to stabilize oil production
Lukoil is ready to sign a joint protocol on stabilizing oil production, its CEO Vagit Alekperov said. "If we want to participate in the process, we should take an active position and like them stabilize the …
Japan comes to help Russia with sanction
Japan Bank for International Cooperation (JBIC) will provide $400 million in financing for the Yamal project
Iran signs oil deals with two Russian firms
Iran has signed seven new initial agreements with foreign oil companies, the managing director of the National Iranian Oil Company (NIOC), …
Lukoil receives proposal to participate in privatization of Bashneft
Russian oil major Lukoil has received a letter with the proposal to participate in privatization of Bashneft and is now considering it, a company's spokesperson said. "We have received the proposal and we are studying …
Lukoil buys assets in Netherlands, Belgium, Luxembourg
Lukoil announced the purchase of filling stations in the Netherlands, Belgium and Luxembourg, the company's First Vice President Vladimir Nekrasov said. "We acquired a network of filling stations in the …
Lukoil anticipates Iran re-entry
Lukoil President Vagit Alekperov said that his company is seriously considering reentering the Iranian energy market following the removal of international sanctions earlier this year, OilPrice.com reports. In …
LukOil announces "radical decisions" on its business in Europe
Vagit Alekperov stated that the company is considering the sale of its factories in Italy, Romania, Bulgaria and the Netherlands.
