Vagit Alekperov

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 Vagit Alekperov: we ready to stabilize oil production

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 …

Lukoil anticipates Iran re-entry

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 leaves Saudi Arabia

LukOil leaves Saudi Arabia

The largest Russian oil company LulOil announced that it leaves Saudi Arabia, the head of the company Vagit Alekperov announced this at the St. Petersburg International Economic Forum. "We decided to leave Saudi …

LukOil may sell part of its assets in Europe

LukOil may sell part of its assets in Europe

LukOil considers the possibility to sell its factories in Italy, Romania, Bulgaria and Netherlands, its president Vagit Alekperov stated. "These assets are not strategic for us. Over the past years, we mainly …

"Lukoil" starts drilling in Caspian Sea

"Lukoil" starts drilling in Caspian Sea

"Lukoil" plans to start drilling at the Filanovsky field in the Caspian Sea in June and production - in September. "Lukoil" will build more than 25 platforms for the development of the North Caspian fields, total …

Vagit Alekperov to visit Iran in September

Vagit Alekperov to visit Iran in September

The head of LUKOIL, Vagit Alekperov, intends to pay a visit to Tehran this year in September in order to present his position on possible projects for development of fields in Iran. The statement was made after a meeting with …

 Vagit Alekperov to meet OPEC partners in Vienna

Vagit Alekperov to meet OPEC partners in Vienna

Lukoil’s President Vagit Alekperov is currently in Vienna for talks with the company’s partners from the Organization of the Petroleum Exporting Countries (OPEC). "Today we shall meet the Saudis, …

 Alekperov: oil prices may overcome $55 by end of year

Alekperov: oil prices may overcome $55 by end of year

Lukoil’s President Vagit Alekperov predicted that oil prices fluctuate between $45-55 per barrel this year and may rise by the end of the year. He explained that it may be caused by the decrease in oil production …

Alekperov: OPEC must be reformed

Alekperov: OPEC must be reformed

Organization of Petroleum Exporting Countries (OPEC) is unable to carry out the function of a regulator due to internal political differences and needs to be reformed. This opinion was expressed by the president of "LUKOIL" …

Vagit Alekperov: oil prices enter stable period

Vagit Alekperov: oil prices enter stable period

Lukoil’s President Vagit Alekperov believes that the oil industry is entering a period of "stable oil prices and growth", forecasting an oil price of $50 per barrel by the end of this year. "Russian …

LUKOIL reaches agreement on a number of projects in Iran

LUKOIL reaches agreement on a number of projects in Iran

During last week's visit to Iran, the head of LUKOIL, Vagit Alekperov, reached an agreement with the authorities of the country on the possible involvement of the company in several mining projects in the country, Deputy Energy Minister ...

Lukoil prepares to return to Iran

Lukoil prepares to return to Iran

Russia’s Lukoil has expressed readiness to return to the Iranian oil market, Iranian deputy petroleum minister Amir Hossein Zamaninia said. Lukoil’s president Vagit Alekperov met with ...