LUKOIL


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AcronymDefinition
LUKOILLangepas, Uray and Kogalym Oil (Russia oil company named after major producing cities)
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According to the document which defines areas of social and economic development for 2018, LUKOIL will provide financial support for the construction of residential houses in the towns of Yarega and Usinsk, of a sports-and-health center in Yarega, of a multipurpose sports hall in Usinsk, and the reconstruction of a Russian Orthodox Church in the village of Izhma.
Tax Regime Broadly Stable: Before, we capped the ratings of Lukoil by those of Russia on the assumption that the state might significantly increase its share of oil and gas revenue amid lower oil prices, but this has not happened.
Contracts with Iran could be signed in October and November," Lukoil President Vagit Alekperov was quoted by the Russian-language media as saying.
LUKoil is having a gas processing plant built at the Kandym group of fields.
LUKoil moved into Romania in 1998 and bought 87% in the old 70,000 b/d Petrotel refinery for $300m.
The number of LUKoil stations in the US exceed 2,000.
ST PETERSBURG, Russia: Russia's Lukoil may consider spinning off or selling its downstream assets in Europe to focus on exploration both in Russia and abroad, CEO Vagit Alekperov said.
The latest development comes as part of a dispute between Lukoil Bulgaria and Kostov's think-tank, the Risk Management Lab, which alleges that the Russian oil giant has been manipulating oil prices in the country, affecting households and business competitiveness alike.
Lukoil is Russia's second largest oil company and its second largest producer of oil.
Dubai: Al Habtoor Motors, a part of the UAE-based diversified business conglomerate Al Habtoor Group, announced on Thursday that it has been appointed as the UAE distributor of Lukoil automotive oils and lubricants.
Lukoil must decide whether it respects the laws of the Romanian state; if it wants the laws in Moscow, it should go there," Basescu commented on a statement by a Lukoil high level official that the group will make the decision of shutting down for good its refinery in Romania, unless the local prosecutors accept to lift the lien set on the company's stocks and patrimony by Friday.
The head of Lukoil Overseas / operator of International extractive projects of Lukoil /, Andre Kozaiev said in a statement for the media Office in the company that " an oil tanker, chartered by Ltasco company /branch of Lukoil Open marketing and international trade/ docked yesterday at the port of Basra to ship the first batch of oil in process of recovery of costs which was used by Lukoil in the first phase of the development of the West Qurna field / 2 / production of the early stage / "