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 13:29 2018 Thursday ,13 December
Erdogan vows Syria offensive as US warns against military action
GMT 07:51 2017 Sunday ,29 October
5 things to see at the Tokyo Motor Show
GMT 06:40 2015 Wednesday ,15 July
Syrian forces deal heavy blow to rebels in border area
GMT 06:10 2017 Sunday ,03 December
Buy it with bitcoin in New York, but it's not cheap
GMT 12:37 2017 Monday ,16 January
Al Ain’s diverse programme of cultural activities announced
GMT 07:31 2018 Saturday ,13 January
Fresh Tunisia arrests over wave of unrest
GMT 00:13 2015 Tuesday ,24 March
Kuwait riot police break up opposition protestGMT 08:03 2012 Tuesday ,24 January
Rushdie to address festival by video
GMT 09:23 2018 Sunday ,25 November
Cloudy weather, temperature remains below average
GMT 12:55 2017 Thursday ,14 September
Houthi militants targeted security personnel in Taiz killing four
GMT 13:24 2017 Tuesday ,25 April
Wael Jassar hires “Arabica Music” to handle his business
GMT 23:01 2014 Saturday ,19 July
PLO leader urges ending Israeli onslaught on Gaza
GMT 20:09 2018 Monday ,08 January
Saudi students abroad get 10% stipend raise
GMT 12:27 2018 Tuesday ,02 January
German New Year fireworks kill two, leave child injured
GMT 15:06 2015 Sunday ,05 April
Fujairah announces opening of Radio and TV Stations in new African State
GMT 16:38 2017 Monday ,25 December
Saudi consumers brace for quickening pickup in inflation
GMT 12:38 2017 Monday ,13 February
HEIO London appoints Platform Creative
GMT 12:53 2017 Thursday ,23 March
Southee out, de Kock in doubt for third Test
GMT 11:11 2017 Monday ,23 October
Slovenian President wins election but heads for run-offGMT 06:37 2012 Sunday ,22 January
I refuse revolution celebrations
GMT 14:24 2017 Wednesday ,20 December
Interior Ministry keen to achieve security & respect human rights
GMT 12:47 2017 Wednesday ,20 December
Yemen's president pledges to continue fighting against coupists
GMT 09:21 2017 Tuesday ,21 November
Clashes renewed in Syria’s Daraa and Homos
GMT 19:45 2017 Friday ,20 January
Brexit into Trumpland
GMT 10:42 2017 Monday ,13 November
Actress Dina happy for success of "The Flood"
GMT 08:05 2017 Tuesday ,14 November
Saudi Arabia still committed to Paris climate accord
GMT 13:01 2017 Monday ,20 March
Former NFL all-stars Sayers, Clark dealing with severe illnesses
GMT 14:16 2016 Wednesday ,28 December
Liverpool come roaring back
GMT 08:27 2017 Sunday ,22 October
Yemen condemns Wahat terrorist attackGMT 05:09 2012 Saturday ,07 January
Chair with book storage
GMT 16:12 2012 Friday ,16 March
Volkswagen may build vans with MAN Group
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