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 09:58 2019 Monday ,19 August
You find yourself facing new professional
GMT 13:53 2014 Wednesday ,08 January
US undergraduates impress astronomers with asteroid discovery
GMT 08:35 2017 Thursday ,20 April
Person killed in vehicle accident in Edde Jbeil
GMT 12:54 2018 Tuesday ,23 January
To 'eternal style' of late Alaia
GMT 16:07 2018 Tuesday ,09 January
Juncker seeks bigger EU budget after Brexit
GMT 13:12 2015 Saturday ,09 May
Sheikh Sultan opens Sharjah Centre
GMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 months
GMT 12:04 2018 Monday ,15 October
Seven dead in flooding after heavy rain in southern FranceGMT 13:44 2011 Saturday ,16 July
Hosts China start aquatics worlds with diving gold
GMT 05:10 2014 Monday ,03 February
Mars rocks Super Bowl half-time showGMT 08:42 2012 Friday ,03 August
I\'m spending Ramadan at homeGMT 15:01 2011 Friday ,19 August
Student dies after blow from MMA champ
GMT 10:04 2016 Friday ,16 December
'Butcher' Assad must go
GMT 19:02 2016 Wednesday ,21 September
Over 9,000 events to be held across China to mark popular science day
GMT 14:27 2014 Saturday ,29 November
Nishi Pearls offers promotion on jewelry items
GMT 11:45 2017 Wednesday ,19 July
100-year-old Saudi student benefits
GMT 11:05 2018 Monday ,22 January
Fashion superstar Slimane to take over
GMT 11:34 2018 Thursday ,18 January
Apple says will pay $38 bn in taxes
GMT 16:40 2017 Thursday ,26 January
Qatar welcomes Trump’s call for Syria safe zones
GMT 22:15 2015 Sunday ,16 August
Liam Neeson to star as US general in Korean film
GMT 13:37 2018 Wednesday ,03 January
Italy to send 470 troops to Niger
GMT 14:08 2015 Sunday ,01 February
First Iranian minibus to enter market
GMT 06:55 2017 Sunday ,26 November
Race to head Eurogroup heats up to major reforms
GMT 06:53 2015 Sunday ,13 September
Colombia, Venezuela renew ties amid border crisis
GMT 14:23 2012 Saturday ,25 February
1000hp Nissan GTR Skyline R34
GMT 16:34 2017 Thursday ,28 December
Hitler's Nazi-parade Mercedes set
GMT 13:04 2017 Sunday ,13 August
Four flights cancelled over lack of passengers
GMT 14:10 2015 Friday ,10 July
Bill Murray to make first Comic-Con appearanceGMT 18:25 2011 Sunday ,05 June
Ugly fish to rescue threatened species
GMT 06:39 2014 Sunday ,27 April
Columbus Short to leave \'Scandal\'
GMT 02:29 2014 Thursday ,20 February
Ailesbury Hair Clinic appoints Pickle PR
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