Lukoil (LUKOY.PK) Deputy CEO Leonid Fedun says the Russian oil major is fairly priced at $191B -...

|By:, SA News Editor

Lukoil (LUKOY.PK) Deputy CEO Leonid Fedun says the Russian oil major is fairly priced at $191B - marking a 75% increase over its current trading level. The outspoken exec also says the firm's $1.3B investment in an Arctic-region venture over the next 10 years will help the project produce 228M barrels of crude.