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LUKoil plans to become second-largest gas producer in Russia
Russia’s largest crude producer LUKoil [RTS: LKOH] plans to become the country’s second-largest gas producer, the company vice president said at a 2006 company reporting presentation Tuesday.
“We hope to become producer number two after Gazprom [RTS: GAZP],” Leonid Fedun said.
LUKoil commercial gas production in 2006 was 13.6 billion cubic meters. The share of gas in [...]
Lukoil Makes Discovery on Block A in Saudi Arabia
LUKSAR has made a hydrocarbon discovery on the Tukhman structure in Contract area Block A in the Kingdom of Saudi Arabia.
LUKOIL Saudi Arabia Energy Ltd. (LUKSAR) was established on March 1, 2004 with equity participation of LUKOIL Overseas (80%) and its National partner, Saudi Aramco (20%). The office of LUKSAR is based in Al-Khobar [...]
Putin makes first visit by Russian leader to Saudi Arabia
President Vladimir Putin, making the first visit by a Russian leader to Saudi Arabia, met King Abdullah and other senior officials Sunday for talks on the situations in Iraq and the Palestinian territories.
Putin’s visit to the traditional U.S. ally comes as Saudi Arabia is opening up to other countries, particularly in Asia. Moscow represents an [...]
Lukoil Makes Oil Find in Colombia’s Condor Block
LUKOIL Overseas has discovered oil reserves in the amount of more than 100 million barrels at Medina structure of the Condor exploration block in Colombia.
This the first discovery made by Russian petroleum experts in the Western hemisphere.
This field is being prepared for commercial operations. However the project has already started generating commercial benefit: about 4 [...]
