Lukoil 2020 Capex May Exceed $8 Bln

Thursday, May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.

The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies, he said on a conference call.

(Reporting by Vladimir Soldatkin, Olesya Astakhova; writing by Tom Balmforth)

Categories: Finance Energy Drilling Russia Industry News Oil Production

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