Lukoil 2020 Capex May Exceed $8 Bln

Thursday, May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.

The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies, he said on a conference call.


(Reporting by Vladimir Soldatkin, Olesya Astakhova; writing by Tom Balmforth)

Categories: Finance Energy Drilling Russia Industry News Oil Production

Related Stories

Floating Nuclear: A New Offshore Energy Frontier

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Oil Falls as Signs of Hormuz Recovery Weigh on Market

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Aramco Picks McDermott for Energy Projects in Saudi Arabia

PV Drilling Secures Jack-Up Rig Deal from Zarubezhneft off Vietnam

Eni Advances Giant Indonesia Gas Discovery after ‘Exceptional’ Well Test

Current News

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Completes 44 Offshore Rig Moves Ahead of Monsoon Season

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com