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| Articles about Lukoil |
| | | RUSSIA: LUKOIL's Revenue in 1st Quarter at $16 Bln | | 2007-06-28 05:39:00 | | Russian oil major LUKOIL is releasing a financial report for the first quarter of the year on Thursday as analysts are expecting indicators to grow against those in the previous three months but drop compared to the figures in the same period last year. LUKOIL’s financial performance is likely to have improved in the first quarter on low export duties and mining tax. Urals oil dropped in the period by an average $2.17, to $54.4 per barrel, 6.6 percent less than in the first quarter of 2006, and 3.2 percent more than at the end of 2006. Analysts at the Troika Dialog investment firm estimate that a barrel of oil in pipeline supplies from Western Siberia to the Russian Far East stood at $24.38 per barrel in the first quarter, 13.9 percent more than in the fourth quarter of 2006. Kommersant contacted analysts from seven Russian and foreign banks and investment companies to draft a combine forecast. The estimates put LUKOIL’s revenue in the first quarter at $16.1 billion, some 1 perc... | | By: energy BLOG | | |
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| TURKMENISTAN: The Turkmen authorities Invites TNK-BP and LUKOIL | | 2007-06-16 17:08:00 | | Turkmen authorities have announced the readiness of TNK-BP and LUKOIL to take part in the development of gas and oil deposits in the country. LUKOIL has been offered three blocks on the continental shelf. This is the first time that TNK-BP's interest in Turkmenistan has become known. Observers suspect that new President Gurbanguly Berdymukhammedov's desire for investment, rather than the Russian companies' desire to development Turkmen deposits that motivated the decisions. The announcements were made by the president's press service. LUKOIL confirmed that its president, Vagit Alekperov, had been in Ashgabat, but a source in the oil company said that “they hurried with the announcement about the lots on the shelf.” TNK-BP representatives, including chairman Robert Dudley and executive director German Khan, were in Turkmenistan Monday and Tuesday. That company has no foreign assets. It is about to lose the Kovykta deposit, one of its largest domestic assets. However, this is... | | By: energy BLOG | | |
| | RUSSIA: Lukoil to gain sway with Gazprom venture | | 2007-05-27 21:10:00 | | by Catherine Belton
The creation of a joint venture between Lukoil and Gazprom Neft, the oil arm of state gas monopoly Gazprom, is set to help privately-owned Lukoil win access to large oil projects at a time when it risked being sidelined.
Lukoil signed off on the creation of the joint venture with Gazprom Neft on Friday that will see them co-operate on new projects at home and abroad.
The... | | By: energy BLOG | | |
| | RUSSIA: Lukoil to Help Gazprom Develop Oil Business in Russia | | 2007-05-26 03:53:00 | | by Torrey Clark
Read more | Digg story
OAO Lukoil agreed to help Russia's state-run OAO Gazprom, the world's biggest natural-gas company, develop its oil business by forming a joint venture to tap fields from the Arctic to the Caspian Sea. Vagit Alekperov, Lukoil's billionaire chief executive officer, and OAO Gazprom Neft CEO Alexander Dyukov signed an accord in Moscow today... | | By: energy BLOG | | |
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