Lukoil | Egypt Oil & Gas - Part 2

Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses

The international operations of the Russian energy group Lukoil are facing mounting pressure after a planned sale of assets to Swiss trader Gunvor collapsed, just ahead of a US deadline for companies to halt business ...

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. The move signals a major shift for one of Russia’s largest...

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 President V...

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 Oversea...

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 concessions ar...

Shell Sells Its Russian Retail and Lubricant Businesses

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, both being subsidiaries of Shell plc, have announced the sale of Shell Neft LLC, Shell’s retail stations and lubricants business in Russ...

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). This anno...

El Molla, Lukoil Discuss Projects, Investment Opportunities in Egypt

Minister of Petroleum and Mineral Resources Tarek El Molla met with Denis Rogachev, Senior Vice President for Overseas Oil, Gas Exploration & Production at Russian oil company Lukoil, and his accompanying delegati...

LUKOIL Achieves 100 bcm of Natural Gas Production from Uzbekistan Projects

LUKOIL announced that cumulative natural gas production has reached 100 billion cubic meters (bcm) from its projects in Uzbekistan since 2004. The company said this is a significant milestone on the eve of LUKOIL̵...

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