Latest news

Rosneft and Lukoil inked a long-term cooperation agreement

The two largest oil Russian companies, Rosneft and independent producer Lukoil have signed an agreement for long-term cooperation.

read more... 26/04/2011


Lukoil eyes the acquisition of new assets in the Middle East

The Lukoil president, Vagit Alekperov declared to reporters on Friday that the giant is looking to fully change its reserves in Russia and enter other markets in the years to come, thus the company is interested in acquiring Middle East assets, even if Russia is full of assets.

read more... 01/03/2011


Lukoil Overseas and Vanco International to explore two offshore blocks in Romania

A consortium, formed by Lukoil Overseas and U.S. Vanco International signed concession agreements with the National Agency for Mineral Resources of Romania. The agreements provide the joint exploration and development of two blocks, Est Rapsodia and Trident, in the Romanian sector of the Black Sea.

read more... 28/02/2011


Lukoil close to obtaining a tax reduction for Caspian Sea developments

Lukoil applied for a tax reduction for its oil exploitations in Caspian Sea from Finance Ministry of Russia. The tax cut will save Lukoil approximately $460 million for 2011.

read more... 14/07/2010