NK Lukoil PAO (LKOH.MM) Key Developments | Reuters.com
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NK Lukoil PAO (LKOH.MM)

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Latest Key Developments (Source: Significant Developments)

Russia's Lukoil CEO sees 2016 output flat at around 100 mln T
Thursday, 16 Jun 2016 05:03am EDT 

Russia's Lukoil CEO said: Sees company's 2016 oil production flat at around 100 million tonnes; . Sees oil prices at $60-70 per barrel after 2017. Further company coverage: [LKOH.MM] (Reporting by Moscow Newsroom) ((jack.stubbs@thomsonreuters.com; +44 2075 427 477; Reuters Messaging: jack.stubbs.thomsonreuters.com@thomsonreuters.net)).  Full Article

Moody's confirms NK Lukoil OAO corporate family rating, gives negative outlook
Tuesday, 26 Apr 2016 06:39am EDT 

NK Lukoil OAO:Says Moody's confirms NK Lukoil OAO corporate family rating at Ba1, gives negative outlook.  Full Article

NK Lukoil OAO recommends 2015 dividends
Monday, 25 Apr 2016 06:38am EDT 

NK Lukoil OAO:Board recommends 2015 dividends of 177 roubles a share.Proposes record date on July 12.  Full Article

NK Lukoil OAO - Bulgaria anti-monopoly watchdog raids more oil firms in fuel inquiry - Reuters News
Friday, 22 Apr 2016 10:05am EDT 

NK Lukoil OAO:Bulgaria's anti-monopoly watchdog said it had raided the offices of Eco Petroleum, part of Hellenic Petroleum, and Shell Bulgaria, owned by Royal Dutch Shell, in an investigation into possible cartel agreements - RTRS.Bulgarians complain of high fuel costs despite a plunge in global oil prices and a call by Prime Minister Boiko Borisov for the competition authority to speed up checks on the fuel sector."Employees of the Commission for Protection of Competition are carrying out surprise checks on site at the offices of Eco Bulgaria and Shell Bulgaria," the commission said in a statement on Friday.Eco and Shell both confirmed in separate statements that checks were being made place at their offices and said they were fully cooperating, but denied any wrongdoing.Eco Petroleum said the only reason it was included in the probe was that it is Bulgaria's fourth biggest fuel retailer.The companies being investigated are all members of the Bulgarian Petrol and Gas Association, which has said there are no cartel agreements between any of its members.The latest raids follow others earlier this month on the Bulgarian offices of Russia's Lukoil LKOH.MM and Romania's Rompetrol RORRC.BX.It has also launched a probe into the Lukoil Neftochim Burgas oil refinery over possible breaches of competition rules related to the sale of its fuels on the local market.  Full Article

NK Lukoil OAO - Bulgaria's anti-monopoly watchdog raids fuel retailers offices - Reuters News
Wednesday, 6 Apr 2016 12:00am EDT 

NK Lukoil OAO:Bulgaria's anti-monopoly watchdog raided the offices of two fuel retailers as part of an investigation into the country's only oil refinery and seven fuel retailers for possible cartel agreements to fix prices of petrol and diesel fuels. - RTRS."The Commission for Protection of Competition raided several offices of Lukoil and Rompetrol in the capital Sofia," the commission's spokesman said on Wednesday."Our goal is to try to collect as much evidence as possible." Lukoil and Rompetrol were not available for immediate comment.In February, the watchdog started investigating the Bulgarian units of Lukoil and Rompetrol as well as units of Royal Dutch Shell RDSa.L, OMV OMVV.VI, Hellenic Petroleum HEPr.AT, Nis Petrol and Bulgarian Petrol 5PET.BB.It has also launched a probe into the Lukoil Neftochim Burgas oil refinery regarding possible breaches of competition rules related to the sale of its fuels on the local market.The investigation followed complaints by Bulgarians over high fuel costs despite a plunge in global oil prices and a request by Prime Minister Boiko Borisov that the competition authority hasten checks on the fuel sector.The competition authority launched the full investigation after an analysis of the European Union country's fuel sector between 2013 and 2015.It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.  Full Article

NK Lukoil OAO divests LUKOIL POLSKA
Thursday, 24 Mar 2016 09:44am EDT 

NK Lukoil OAO:Divests 100 pct stake in LUKOIL POLSKA.  Full Article

NK Lukoil OAO opens 80 bln roubles credit line in Sberbank
Tuesday, 15 Mar 2016 08:30am EDT 

NK Lukoil OAO:Says signed an agreement with Sberbank to open a 80 billion roubles non-revolving credit line.Maturity period is till February 26, 2021.  Full Article

NK Lukoil OAO - Bulgaria investigates possible fixing of fuel prices - Reuters
Thursday, 25 Feb 2016 03:49am EST 

NK Lukoil OAO:Bulgaria's competition watchdog has launched an investigation into the country's only oil refinery and seven fuel retailers over possible petrol and diesel price-fixing - RTRS.The Commission for Protection of Competition said on Thursday that it had begun investigating the Bulgarian operations of Royal Dutch Shell, OMV, Hellenic Petrolleum, Nis Petrol, Lukoil, Rompetrol and Bulgarian Petrol Nis Petrol is majority owned by Gazprom Neft.The Lukoil Neftochim Burgas oil refinery is also under scrutiny over potential breaches of competition rules while selling its fuels on the local market, the watchdog said.The investigation follows complaints by Bulgarians over high fuel costs despite a plunge in global oil prices and a request by Prime Minister Boiko Borisov that the competition authority hastens checks on the fuel sector.A Lukoil Bulgaria spokeswoman said the company would not comment on the matter until it had seen the watchdog's documents, while an OMV spokesman said the Austrian company does not comment on ongoing investigations.The other companies did not respond immediately to requests for comment.The competition authority said it has launched the full investigation after an analysis of the fuel sector in the European Union country between 2013 and 2015 found that the retail price policy of the 7 companies was very similar and too slow to reflect drops in wholesale and production prices.  Full Article

NK Lukoil OAO plans to begin oil product supplies to Iran in 2016 - Reuters
Tuesday, 16 Feb 2016 02:23am EST 

NK Lukoil OAO:Plans to begin oil product supplies to Iran in 2016 via its terminal in Astrakhan in Russia's south - First Vice-President Vladimir Nekrasov told reporters - Reuters.Plans to buy Iranian oil for its refineries in Italy and Bulgaria.Plans to buy 250 petrol stations in Benelux in the second quarter of 2016.  Full Article

NK Lukoil OAO to supply first fill motor oil for Ford engines
Tuesday, 2 Feb 2016 07:00pm EST 

NK Lukoil OAO:Says its unit LLK-International has started supplies of LUKOIL GENESIS oil for JV Ford Sollers (Yelabuga, Russia), which is a manufacturer of Ford engines.  Full Article

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Otkritie Financial Corp eyes more foreign loan deals for corporate Russia

MOSCOW Russia's biggest private bank Otkritie Financial Corporation aims to build on its success in organizing foreign loans for Russian companies starved of financing from state lenders hit by Western sanctions over the Ukraine conflict.