September 2014

Bulk Equipment is Delivered to Syzran Refinery

Gazprom Neft begins commercial production and oil deliveries from the Badra field in Iraq

LUKOIL NET INCOME INCREASED TO $2.4 BILLION IN THE SECOND QUARTER OF 2014, EBITDA – TO $5.4 BILLION, LIQUID HYDROCARBONS PRODUCTION – BY 7.2%

Policy uncertainty threatens to slow renewable energy momentum. IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term.