Lukoil Sees Oil Output Returning to Pre-Pandemic Levels in 2023

Reuters
Wednesday, November 24, 2021

Lukoil, Russia's second-biggest oil producer, plans to produce 83 million to 84 million tonnes of oil a year in Russia over the next three years, with output returning to pre-pandemic levels in 2023, it said on Wednesday.

The company, which earlier on Wednesday reported third-quarter net income of 192.5 billion roubles, up 1.4% from the previous quarter, said it expects capital expenditure in 2022 of about 550 billion roubles ($7.36 billion), excluding the West Qurna-2 project. 

($1 = 74.7225 roubles) 

(Reporting by Olesya Astakhova Writing by Alexander Marrow Editing by David Goodman )

Categories: Energy Activity Europe Production Caspian Sea

Related Stories

DeepOcean Wraps Up Work at US Offshore Wind Project

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Kazakhstan’s Chevron-led Tengiz Field Halts Production after Fire

Current News

RWE Divests Swedish Wind Portfolio in Deal with Nordic Player Aneo

DeepOcean Wraps Up Work at US Offshore Wind Project

McDermott Lands EPCI Job at ADNOC’s Al Nasr Field

Australia Grants Permits for Three Offshore Wind Schemes

Subscribe for OE Digital E‑News