• Most Popular
  • Most Shared

Russia LUKOIL sees '07 output growth down to 2 pct

Fri Nov 16, 2007 7:14am EST

Stocks

   

MOSCOW, Nov 16 (Reuters) - Russian oil major LUKOIL (LKOH.MM) sees its hydrocarbon production growth slowing to 2 percent this year from 12 percent in 2006, a senior company official said on Friday.

"We are not revising our production growth plans at the moment, but there might be somewhat of a delay... We expect this year's growth at about 2 percent," Andrei Gaidamaka, the head of LUKOIL's investment department, told Reuters. (Reporting by Tanya Mosolova; Editing by Douglas Busvine)



More from Reuters

Photo

Obama will not rush Afghan troop drawdown

OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.

» More Top News
A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article 

Global markets
Tom Metzold, Vice President of Eaton Vance Management and Senior Portfolio Manager at Eaton Vance, speaks at the Reuters Global Media Summit in New York, December 9, 2009. REUTERS/Brendan McDermid

"Everything's not hunky-dory"

Did the worst downturn in 70 years leave a permanent scar? Top money managers like Tom Metzold examine how a "new normal" will shape things to come.  Full Article 

Investment Outlook Summit