Wednesday 30 July 2014
 
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Lukoil

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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Lukoil unit wins big gasoil supply deal in Egypt

Litasco, the trading arm of Russia's Lukoil, has won the bulk of a tender by Egypt's state oil company for delivery of gasoil to the Mediterranean port of Alexandria in the second half of the year, traders said on Tuesday.

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Lukoil cuts Iraq oil output plan by a third

Russia's second-largest crude producer Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with the local government's plans to increase the lifetime of its oilfields. Andrei Kuzyayev, head of

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Lukoil says no to key Iraq oilfield

Russia's second-largest crude producer Lukoil said on Monday it decided not to join the development of Iraq's West Qurna-1 oilfield, citing high risks. Lukoil oversees the largest share of oil reserves in Iraq among foreig

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Iraq favours bids by CNPC and Lukoil

Iraq would favour bids by Russia's Lukoil and China's CNPC if they decided to buy ExxonMobil's stake in the West Qurna-1 oilfield, a senior oil ministry official said. Baghdad had received "positive signals"

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