Lukoil | Egypt Oil & Gas - Part 5
Russia’s Lukoil Calls for Permanent OPEC+ Production Cuts
Lukoil believes that the production cut agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies should become permanent, according to Vagit Alekperov, Lukoil CEO, Reuters reported...
Eni, Lukoil to Build Natural Gas Processing Plant in Egypt
Italy’s Eni and Russian Lukoil will work with the Egyptian General Petroleum Corporation (EGPC) to build a natural gas processing facility in Egypt’s Western Desert, Egypt Today reported. The plant will cost $700 mill...
Lukoil to Double Oil Production at Iraq’s West Qurna-2
Russia’s Lukoil, in conjunction with local state-run Basra Oil Company, aims to double production from Iraq’s West Qurna-2 oil field to 800,000 barrels per day (b/d) by 2025, OilPrice.com reported. The com...
Iraq Postpones Oil, Gas Bidding Round
Iraq has postponed its bidding session for 11 new blocks until April 25, Reuters reported. The bidding round was originally planned to take place on April 15, meaning that the auction will be delayed by 10 days. The o...
OPEC, Russia Renegotiate Production Cut Agreement
Russia will withdraw from the production cut agreement with Organization of the Petroleum Exporting Countries (OPEC) if oil prices remain at $70 per barrel for six months, stated Vagit Alekperov, Russian Lukoil’s CEO,...
El Molla Meets with IOC CEOs at ADIPEC
The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a series of meetings with CEOs of international oil companies (IOCs) on the sidelines of the Abu Dhabi International Petroleum Exhibition and Confe...
Lukoil Targets New Projects in the Middle East
Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East, the company’s Vice President in the region, Gati Al ...
No Iraqi Mandate for Lukoil to Cut Oil Output
The head of Russian oil company Lukoil, Vagit Alekperov, said that the firm has not received any directives from the Iraqi government in Baghdad to curb oil production for 2017, United Press International reported. Ac...
