PJSC Lukoil ADROTCPK - Current
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  • Sep. 11, 2014, 7:03 AM
    • Lukoil (OTCPK:LUKOY) has placed a bid for a diesel pipeline which runs through Ukraine to Hungary, reports Vedomosti quoting a letter from the company to Vladimir Putin. The pipeline is now operated by a subsidiary of Russia's Transneft.
    • Vedomosti says Putin has approved of the bid after receiving the letter, which stated that following the purchase of the pipeline's owner, a consortium of Russian and European companies would be created to operate the pipeline.
    • The pipeline transported 925K tonnes of oil products to Ukraine and 815K tonnes to Hungary in 2013.
    | Sep. 11, 2014, 7:03 AM
  • Jul. 31, 2014, 6:51 AM
    • Lukoil (OTCPK:LUKOY) has agreed to sell 240 filling stations and six petroleum storage facilities in Ukraine to Austria's AMIC Energy Management as a strategy aimed at "optimizing its asset structure".
    | Jul. 31, 2014, 6:51 AM | 1 Comment
  • Jun. 27, 2013, 9:58 AM

    Lukoil (LUKOY.PK, LUKOF.PK) has not received any takeover offers and doesn't expect one, CEO Vagit Alekperov says, after it became the latest Russian oil company to face speculation it could be a target of Rosneft (RNFTF.PK). Since its $55B deal to buy TNK-BP, Rosneft has been the subject of speculation it will embark a fresh buying spree despite large debts.

    | Jun. 27, 2013, 9:58 AM
  • Nov. 9, 2012, 8:21 AM

    Lukoil says it will consider an offer from Exxon Mobil (XOM) to take over the West Qurna-1 oilfield in Iraq. Lukoil already is developing West Qurna-2 and is looking to offset declining production at its Russian fields. The government expects XOM to complete the sale of its shares in West Qurna-1 by year-end, and the company has told Iraq it is already in talks with other oil majors.

    | Nov. 9, 2012, 8:21 AM
  • Nov. 9, 2012, 6:16 AM

    Exxon Mobil (XOM) is in talks with BP (BP), Shell (RDS.A), Lukoil, CNPC and Eni (E) about selling its stake in the West Qurna-1 oilfield in southern Iraq, a senior government spokesman says. Exxon expects to complete a sale of the "super-giant oilfield" by the end of December. It's getting out so it can concentrate on exploration projects in Kurdistan, which is in a dispute with Baghdad over the region's energy resources.

    | Nov. 9, 2012, 6:16 AM
  • Mar. 2, 2012, 1:14 PM

    Lukoil (LUKOY.PK) walks away from a plan to make a $1.8B shale acquisition in the U.S. as sliding natural gas prices destroyed the economics of a deal. "We examined this project in detail and had to suspend its development on valuation," says CEO Leonid Fedun.

    | Mar. 2, 2012, 1:14 PM