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

UK Grants Development Consent for Rampion 2 Offshore Wind Farm

Equinor Brings Norway’s Northernmost Field On Stream (Video)

HSM Offshore Rolls Out Substation for Windanker Offshore Wind Farm

Current News

NOIA: Joe Leimkuhler Elected as Chair, Eric Zimmermann Appointed as Vice Chair

SLB, Shell: New Partnership to Expand Deployment of Subsurface Digital Technology

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

UK Grants Development Consent for Rampion 2 Offshore Wind Farm

Subscribe for OE Digital E‑News