Russian oil company Lukoil, which earned nearly €100 billion last year, is bypassing European Union sanctions through a clever legal arrangement involving a subsidiary registered in Ireland.

Russian Lukoil hit by cyberattack. The famous Russian oil company was hit by a cyberattack today despite the ongoing energy truce with Ukraine. As a result of the attack, the company’s systems ...

Environment Oil firms' plans for net-zero oil extraction labelled as 'PR spiel' A comprehensive analysis pours cold water on claims that using carbon dioxide captured from the atmosphere to drive ...

Lukoil has pledged to invest at least $22.5 million in oil extraction and drill a minimum of six wells. Egypt’s Oil Ministry and the management of South Valley Holding Company welcomed these terms.

Bulgaria was the fourth largest buyer of sea-borne Russian oil in 2023, purchasing over 100,000 bpd. Russia's second-largest oil producer Lukoil plans to raise around USD 2 billion from the sale ...

The PJSC Lukoil Oil Company operates as a Russian multinational energy entity based in Moscow, focusing on the extraction, production, transportation, and marketing of petroleum, natural gas ...

Earthquakes that occurred near an oil extraction site in Surrey, UK, in 2018 and 2019 had been put down to coincidence, but a new analysis with an updated look at the geology of the area suggests ...

Lukoil gave a thorough update on their current activities in Iraq’s West Qurna 2 and Eridu oil fields, emphasizing the advancements made in carrying out their development plans.

Power plants were thus built in the territory of Lukoil’s oil field to produce and supply electricity to oil companies. Tamaz signed a contract with Jenbacher (owned by General Electric), and in just ...

From the remote deserts of the Middle East to unexplored offshore territories, this article dives into the opportunities and challenges associated with unlocking these hidden oil fields.. Beneath the ...

As the President stated, nearly 250,000 people are currently employed in this sector. In addition to raw material extraction, Kazakhstan has also developed its processing capabilities. The country ...

KAZAN. Aug 26 (Interfax) - Russian Innovative Fuel and Energy Company (RITEK), part of the Lukoil group , has recouped investment in technology for the cyclic injection of carbon dioxide into wells to ...