Sunday 26 June 2016
 
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Lukoil

Lukoil eyes Iran petroleum contracts

Lukoil has expressed interest in re-entering the Iran market with the terms of the International Petroleum Contracts (IPCs), likely to be unveiled by October, the company’s CEO was quoted as saying by Iran Daily. Ir

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Lukoil in talks to raise Iraq investment, output

Russia's Lukoil is continuing talks with the Iraqi government over increasing investment and oil output at its West Qurna-2 project there, the company's first vice president Ravil Maganov told reporters on Tuesday. "T

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Iran not essential for Doha oil deal: Lukoil shareholder

Iran's participation is not essential for the oil market to move closer to balance if a global agreement on freezing production is signed in Doha next month, Leonid Fedun, one of Russia's most prominent oil bosses, said. &

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Iran in major bid to expand oil capabilities

Iran is planning several projects to expand its oil production and export capabilities, reports said, highlighting a new oil terminal to export one million barrels per day (bpd), and a $1.7 billion development of South Pars Gas Field.

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Russia’s Eriell to drill at West Qurna oilfield

Eriell, a leading Russian oilfield services group, has signed a contract with Lukoil Middle East to drill 25 production wells at the West Qurna-2 oilfield, a report said. The contract provides for the project implementation within

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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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