Lukoil | Egypt Oil & Gas - Part 7

Lukoil Sizing up Baltic Sea Opportunities

A Kaliningrad-focused subsidiary of Russia’s Lukoil has been granted the right to explore for oil and gas in the Russian sector of the Baltic Sea, Offshore Engineer reported. The area includes the D33 oil field,...

Iran to Start Shipping 300,000b/d of Crude to Europe

Iran will start shipping 300,000 b/d of crude to Europe, 54% of the total it had sent before the European Union’s import embargo in 2012, according to Bloomberg. European refiners, Spanish Compania Espanola de P...

Lukoil Makes Large Gas Discovery Offshore Romania

Russia’s Lukoil has announced the discovery of a new gas field off the Romanian coast, reported Penn Energy. The new discovery is in a deepwater area of the Black Sea—with depths ranging from 300-1,200 meters deep. Re...

Russia Sells China its Stake in Kazakh Oil

Lukoil—the second largest oil producer in Russia—sold its stake in Kazakh oil company Caspian Investments Resources to China Petroleum & Chemical Corporation, reported UPI. The deal was closed amid worsening cond...

Lukoil Completes Iraqi Seismic Survey Ahead of Schedule

Lukoil has finished its 2D seismic survey at Block 10 in southern Iraq, which began in April 2014 and covered 2,000 linear kilometres. The survey was completed according to the highest standards six months ahead of sc...

Lukoil Secures Contract for Uzbekistan Gas Plant

LUKOIL and a consortium headed by Hyundai Engineering of South Korea signed a contract for procurement and construction of the Kandym Gas Processing Plant  in Uzbekistan. The facility will have an annual capacity of 8...

Iraq OKs Statoil sale of oilfield stake

Iraq has approved the sale by Norway’s Statoil ASA of its minority stake in a giant oil field to Lukoil OAO, making the Russian firm the sole foreign partner in one of Iraq’s biggest new oil projects, two ...

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