Lukoil | Egypt Oil & Gas - Part 2

Lukoil to Sell International Assets after New Sanctions Imposed

Russian oil giant Lukoil plans to sell its international assets following the imposition of new restrictive measures against the company and its subsidiaries. Lukoil has begun reviewing bids from potential buyers ...

U.S, EU Tighten Pressure on Russia with Oil, LNG Sanctions

U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with Preside ...

Ganope, Lukoil Seal Concession Agreement for E&P in South Wadi Al-Sahl

Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of a new oil exploration and production (E&P) concession agreement in the South Wadi Al-Sahl area of the Eastern Desert. The agreement w ...

Cabinet Approves EGPC, Lukoil Exploration Contract

In its meeting No. 257, the Cabinet approved a draft law authorizing the Minister of Petroleum and Mineral Resources Tarek El Molla to contract with the Egyptian General Petroleum Corporation (EGPC) and Lukoil Ove ...

Lukoil Reviews Current Business, Future Plans in a Meeting with El Molla

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Lukoil’s Vice President for the Americas, Western Africa and Europe Ivan Romanovsky to discuss its current projects in a number of concession ...

Shell Sells Its Russian Retail and Lubricant Businesses

It has been announced that Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, both subsidiaries of Shell plc, have sold Shell Neft LLC, Shell's retail stations and lubricants business in Ru ...

LUKOIL, Gazprom’s JV Secures License for Vaneyvisskoye, Layavozhskoye Fields

Gazprom announced that it has transferred its subsoil use license for the area that includes the Vaneyvisskoye and Layavozhskoye fields to its joint venture (JV) with LUKOIL; Layavozhneftegaz LLC (LVNG LLC).  

El Molla, Lukoil Discuss Projects, Investment Opportunities in Egypt

The meeting discussed the company's projects in Egypt, especially in its concession areas in the Western Desert, and the company's plans during the coming period, in light of its strong interest in expanding its i ...

LUKOIL Achieves 100 bcm of Natural Gas Production from Uzbekistan Projects

LUKOIL announced that it has achieved  cumulative natural gas production of 100 billion cubic meters (bcm) from its projects  in Uzbekistan since 2004. 

Lukoil Achieves New Oil Discovery in Mexico

Lukoil company announced a new discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico.

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