Lukoil estimates losses from measures to stabilize fuel prices at $125.5 mln
Lukoil plans no oil production cuts in 2019.
Abu Dhabi - TASS
Russia’s oil major Lukoil estimates the company’s losses from measures to stabilize prices on the fuel market at 8.5 bln rubles ($125.5 mln) for the past four months, Chief Executive Officer Vagit Alekperov said on Monday.
"Of course, we incur losses on the retail market, similar to all producers. Today our (Lukoil’s - TASS) losses for the four months that the fuel market has been stabilized… amount to around 8.5 bln rubles, that being loss of profits," he said.
Alekperov added that Lukoil plans no oil production cuts in 2019.
"We have not yet approved (production plan). I will not disclose figures, but definitely no decline (is planned)," he said, adding that the issue was about production in Russia.
Speaking about overseas projects, Alekperov said that Lukoil plans an increase of output. "Today the company targets acquisition of assets and participation in consortiums. Particularly, here, in Abu Dhabi," he explained, noting that crude production has been increased by around 30,000 barrels per day at Lukoil’s Russia-based projects as part of OPEC+ agreement since June.
- Thursday ,13 December GMT 13:52 2018 Economic conference on investment opportunities in Syria kicks off
- Sunday ,09 December GMT 12:24 2018 Cairo, Rome ink 45 million Euros deal to support Egyptian private sector
- Friday ,07 December GMT 16:28 2018 Putin does not rule out connecting South Europe to Turkish Stream via Greece
- Sunday ,02 December GMT 07:54 2018 US and China agree to 90-day ceasefire on tariffs after leaders' meet
- Tuesday ,20 November GMT 16:13 2018 Eurasian Economic Commission, Thailand sign memorandum on cooperation
- Monday ,19 November GMT 16:41 2018 Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks offGMT 12:24 2018 Sunday ,09 December
Cairo, Rome ink 45 million Euros deal to support Egyptian private sectorGMT 16:28 2018 Friday ,07 December
Putin does not rule out connecting South Europe to Turkish Stream via GreeceGMT 13:02 2018 Tuesday ,04 December
French PM puts fuel tax hike on hold after protestsGMT 07:54 2018 Sunday ,02 December
US and China agree to 90-day ceasefire on tariffs after leaders' meetGMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focusGMT 16:13 2018 Tuesday ,20 November
Eurasian Economic Commission, Thailand sign memorandum on cooperationGMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implementedRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 17:41 2018 Thursday ,06 December
Israeli forces halt construction of school facility in Nablus
GMT 16:18 2018 Tuesday ,16 January
Man United tipped to beat City to Sanchez signing
GMT 10:32 2018 Monday ,08 January
Macedonia PM sees solution to Greece name dispute
GMT 17:09 2017 Friday ,29 December
At least 14 dead in Mumbai fire
GMT 17:21 2016 Saturday ,01 October
11 civilians killed in southern Afghan blast
GMT 20:21 2017 Tuesday ,25 April
Israeli soldier slightly stabbed at West Bank checkpoint
GMT 07:30 2017 Monday ,06 March
Greek PM Tsipras warns EU, IMF that uncertainty 'not smart'
GMT 21:24 2016 Monday ,21 November
Omani official asserts importance of cooperation with Egypt in media field
GMT 07:20 2017 Friday ,04 August
Al-Baziji calls Houthis to stop killingGMT 16:56 2011 Wednesday ,27 April
Doctors turned \'blind eye\' to Guantanamo torture
GMT 12:25 2017 Thursday ,30 March
SpaceX poised to launch first recycled rocket
GMT 04:53 2017 Tuesday ,04 July
Bahrain-Sudan ties commended
GMT 19:27 2017 Tuesday ,04 April
Ethiopian PM Meets Sudanese President
GMT 14:21 2018 Monday ,08 October
Egypt’s Hassan Allam plans to list shares in Cairo, London
GMT 07:18 2018 Monday ,01 October
Party members join EU in rejecting May’s Brexit plan
GMT 06:37 2017 Saturday ,12 August
Three killed, dozens wounded over explosion in Darna
GMT 01:55 2017 Friday ,21 April
Unveils giant restored statue of Ramses II
GMT 23:19 2017 Tuesday ,02 May
Interior Minister receives Atlantic Council CEO
GMT 14:16 2017 Friday ,28 April
Will Smith and Jazzy Jeff to reunite for performance
GMT 07:55 2017 Thursday ,16 March
Mashrou’ Leila to Perform in Rabat and Casablanca in April
GMT 19:27 2018 Tuesday ,23 January
France returnee Morgan Parra out with knee injury
GMT 12:42 2018 Sunday ,21 January
Iraqi, Kurdish PMs try to resolve bitter dispute
GMT 11:32 2018 Saturday ,13 January
New Eurogroup chief vows to press
GMT 12:29 2017 Thursday ,02 February
Jesus fires Man City, Jakupovic foils Man Utd
GMT 14:17 2018 Monday ,01 January
Dora: Her role in new drama is surprise
GMT 20:26 2017 Saturday ,11 February
Dollar exchange rate stable in 5 major banks
GMT 10:26 2016 Thursday ,25 August
French schools boost anti-terror
GMT 13:10 2017 Thursday ,10 August
Throw 180 migrants into Yemen sea
GMT 20:59 2017 Friday ,14 April
Head of Trade Association in North Lebanon receives Pakistani Ambassador
GMT 07:16 2017 Monday ,04 December
Dollar rises on US tax-cut progress but Flynn deal spooks tradersGMT 15:54 2011 Thursday ,18 August
Fast food giant McDonald\'s just keeps growing
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor