LUKoil to invest USD 50 bln over 10 years

LUKoil to invest USD 50 bln over 10 years


LUKoil plans to invest USD 40 billion to USD 50 billion over the next 10 years in projects both in Russia and abroad. The largest investment projects in Russia involve development of new oil and gas yielding provinces in the North European part of the country and the Caspian Sea and oil refinery upgrades in Ukhta, Perm, Volgograd and Nizhny Novgorod, LUKoil Vice President Leonid Fedun said. “These investments will enable our company to significantly increase crude production without harming the ...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now