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2017-12-15 12:50:00

LUKOIL'S PLAN: $50

ПЛАН ЛУКОЙЛА: $50

LUKOIL - Thursday, December 14, 2017, The Board of Directors approved the mid-term development plan ('Key budget indicators of the LUKOIL Group for 2018-2020').

The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

The Board of Directors also approved the Strategic Development Program of the LUKOIL Group for 2018-2027, which is aimed at balanced sustainable business development in the changing macro environment. The main priorities are strong investment discipline, conservative financial policy, cost control, increasing operating efficiency, sustainable dividends growth, minimization of environmental impact and ensuring labor health and safety.

The Board of Directors also approved the Regulation on the long term incentive program for key employees of LUKOIL group for 2018-2022, Annual Audit and Consulting Engagements Plan for the internal audit service of the Company in 2018. Amendments to the Director Compensation and Expense Reimbursement Policy and to the Procedure for the remuneration and reimbursement of expenses of members of the Board of Directors and Audit Commission of PJSC "LUKOIL" were also approved.

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Earlier:

 RUSSIAN ARCTIC OIL
2017, December, 11, 10:10:00

RUSSIAN ARCTIC OIL

Russia has three oil export terminals on its Arctic coast. Shipments began from Lukoil PJSC's 240,000 barrel a day Varandey terminal in 2008. It now handles about 150,000 daily barrels from nearby fields. Gazprom Neft's Prirazlomnoye field produces approximately 80,000 barrels a day, with a target capacity of 130,000. The same company's 170,000 barrel a day Arctic Gate terminal started operations this year and exports about 150,000 barrels a day from the Novoportovskoye field. Crude from all three terminals is shipped in shuttle tankers to Murmansk, from where cargoes are sent on larger vessels to Europe.

 

 ЛУКОЙЛ: ЧИСТАЯ ПРИБЫЛЬ 298,3 МЛРД. РУБ.
2017, December, 4, 22:35:00

LUKOIL PROFIT: RUB 298.3 BLN

LUKOIL - For the first nine months of 2017 profit attributable to PJSC LUKOIL shareholders was 298.3 bln RUB, up 86.2% year-on-year. In the third quarter of 2017 profit decreased by 29.8% quarter-on-quarter to 97.3 bln RUB.

 ЛУКОЙЛ: БОЛЬШЕ НА 91%
2017, August, 29, 18:00:00

LUKOIL UP 91%

For the first six months of 2017, profit attributable to PJSC LUKOIL shareholders was 201.0 bln RUB, up 90.7% year-on-year. In the second quarter of 2017 profit increased by 122.5% quarter-on-quarter to 138.7 bln RUB.

 RUSSIA - IRAN OIL TALKS
2017, May, 31, 17:40:00

RUSSIA - IRAN OIL TALKS

Iran has so far signed memoranda of understanding (MoUs) with four Russian companies for developing its oil and gas fields: Lukoil for Ab Teymour and Mansouri fields, Zarubezhneft for Aban and West Paydar fields, Tatneft for Dehloran and Shadegan fields and Gazprom for Cheshmeh Khosh and Changouleh fields.

 

 ЛУКОЙЛ: ПРИБЫЛЬ ВЫШЕ НА 33,7%
2017, May, 30, 20:30:00

LUKOIL PROFIT UP 33.7%

In the first quarter of 2017, profit attributable to PJSC LUKOIL shareholders was 62.3 bln RUB, up 33.7% and 45.5% quarter-on-quarter and year-on-year, respectively. Profit was significantly impacted by non-cash foreign exchange loss. Excluding this item, profit attributable to PJSC LUKOIL shareholders amounted to 97.1 bln RUB, a 22.7% increase year-on-year.

 ЛУКОЙЛ: СНИЖЕНИЕ НА 29%
2017, March, 31, 18:25:00

LUKOIL DOWN TO 29%

In the fourth quarter of 2016, profit attributable to our shareholders was 46.6 bln RUB, down 15.0% quarter-on-quarter. For the full year 2016, profit decreased by 29.0% and amounted to 206.8 bln RUB.

 RUSSIA WILL STUDY IRAN
2016, December, 14, 18:50:00

RUSSIA WILL STUDY IRAN

Gazprom joins Lukoil PJSC and Zarubrezhneft OAO in Russia, Iran’s Oil Minister Bijan Namdar Zanganeh said in Tehran at the signing ceremony. Salbali Karimi, managing director of the Iranian Central Oil Fields Co., and Alexander Dyukov, chairman of the management board and chief executive officer of Gazprom Neft, signed the memorandum of understanding.

 
Tags: ЛУКОЙЛ, LUKOIL