A peer analysis reveals a deep discount both for U.S. and international peers. Lukoil's proven developed oil reserve is much larger than its international peers, which implies low exploration and ...

In the second half of July, a scandal began to emerge concerning Ukrainian sanctions against Russia's Lukoil. The company’s oil, along with that of other Russian suppliers, is transported for ...

Russia’s Lukoil will start commercial-scale production at the Filanovsky oilfield in the Caspian Sea before the end of the month, the company said.There are already two production wells drilled ...

Under one scenario being discussed, state-backed giant Rosneft Oil would absorb fellow state producer Gazprom Neft—a subsidiary of natural-gas exporter Gazprom—and independently-owned Lukoil ...

Russia's LUKoil and South Korea's Samsung have signed a deal worth some $1 billion to develop Iraq's West Qurna-2 oil field. The deal is part of Iraqi efforts to get the field to produce some 1.8 ...

Russia’s Lukoil and France's Total SA have reportedly signed a memorandum to develop the Bazhenov shale oil fields in western Siberia, according to Russian news agencies ...

Russia’s oil Goliaths have been devastating vast areas of natural landscape, and indigenous people’s lives, in their rush to extract the black gold that lies beneath. But as Georgy ... and the oil ...

Lukoil, Russia's biggest private oil firm, has reported a jump in quarterly profit due to higher global oil prices. Its net profit increased by 37% to $2.82bn (£1.82bn) in the July-September ...

Ahead of the EU's December 5 embargo on Russian oil, LUKoil and Sofia recently claimed a deal was afoot to exchange hundreds of millions in taxes for the right to export fuel to Europe. However, a ...

Lukoil called for a swift end to the war in Ukraine shortly after the Kremlin launched its invasion in February 2022. The company, which produces around 2 percent of the world's oil supply, said ...

PRAGUE/BUDAPEST (Reuters) -Slovakia and Hungary said they have stopped receiving oil from key supplier Lukoil after Ukraine imposed a ban last month on the transit of resources from the Russian ...