Wednesday 5 August 2015
 
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Lukoil

Saudi Aramco plans to boost stake in Lukoil JV

Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 per cent, the chief executive of the Russian company said on Wednesday. "They are interested in taking t

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Lukoil likely to pull out of Saudi Arabia

Lukoil will likely pull out from Saudi Arabia where the economics of its search for gas have been crushed by the collapse of the oil price, three industry sources said. Lukoil is Russia's largest private oil company. The Russi

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Russia’s Lukoil says West Qurna-2 pumps over 320,000 bpd

Russia’s Lukoil is producing more than 320,000 barrels per day at its Iraqi West Qurna-2 field, Andrey Gaidamaka, the company’s vice-president, said.   West Qurna-2, Lukoil’s biggest foreign pro

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Lukoil Q2 profits surge 13pc to $2.4bn

Russia's number two oil company Lukoil yesterday (August 29) said its net profit rose by 13 per cent in the second quarter to reach $2.4 billion as production increased. "The company continued to introduce and test new te

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Lukoil starts production at giant Iraq oilfield

Russia's No.2 oil producer Lukoil has started commercial production at the West Qurna-2 oil field, one of the largest in the world located 65 km from the Iraqi town of Basra. As per the contract, Lukoil must maintain that leve

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Lukoil eyes Saudi 'tight' gas deal

Russia's Lukoil is negotiating a deal with the world's top oil exporter Saudi Arabia to tap unconventional gas deposits in the kingdom's "Empty Quarter" desert region, the company's overseas unit said. Sa

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Iraqi tribes want Lukoil project to fuel better life

Al-Toraba Sheikh Mansour Hamid Al-Imara clutches his prayer beads and watches a huge new oil facility nearing completion across the road from his village, hoping that Russian operator Lukoil will offer his poor tri

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Lukoil sees oil exports from West Qurna-2

Russia's No.2 oil producer Lukoil plans to reach commercial levels of oil production at Iraq's huge West Qurna-2 oilfield in the first quarter of 2014 and expects smooth exports from the deposit, a company official said. A

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Lukoil net income soars to $2.1bn

Russia's No 2 oil producer, Lukoil, posted a doubling in second-quarter net income yesterday, just missing forecasts as a weaker rouble and higher-than-expected taxes dampened a rise in sales and the impact of an acquisition.

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170 Iraqi nationals complete Lukoil training

About 170 Iraqi nationals completed a training programme at Lukoil Overseas Mid-East, a Russia-based subsidiary that manages international oil and gas production and exploration projects. The trainees were assigned to different fa

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