Key Developments: NK Lukoil OAO (LUKOY.PK)
58.90USD
18 Jun 2013
$0.13 (+0.22%)
$58.77
$59.06
$59.30
$58.76
57,055
80,787
$67.80
$51.14
Latest Key Developments (Source: Significant Developments)
NK Lukoil OAO Enters Norway's Narents Sea Shelf-Interfax
Interfax reported that NK Lukoil OAO (Lukoil) has entered the Norwegian Barents Sea shelf as the result of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy. Lukoil received a 20% interest in License PL708, where Sweden's Lundin Petroleum is operator with 40%, and Italy's Edison and Norway's North Energy each own 20%, Lundin said in a statement. The license included blocks 7130/4 (part) and 7130/7. Lukoil also received 30% of License PL719, which includes blocks 7321/8 and 7321/9, which are 100 km north of the Skrugard and Havis fields. Full Article
NK Lukoil OAO Buys 65% of Cote d'Ivoire Offshore Project-Interfax
Interfax reported that NK Lukoil OAO (Lukoil) has bought a 65% interest in the project to explore and develop the Cote d'Ivoire offshore C1-504 block, the Company said in a statement. Lukoil bought the stake from the privately owned Nigerian company Taleveras Energy, which will retain 25%. The state-owned PETROCI Holding owns 10%. Lukoil's wholly owned Lukoil Overseas subsidiary will be project operator Full Article
NK Lukoil OAO in Talks with Tatneft' OAO to Acquire 50% in KalmTatneft-Interfax
Interfax reported that independent Russian oil producer NK Lukoil OAO (Lukoil) is in talks to buy half of Kamlykia-based KalmTatneft from Tatarstan-based Tatneft' OAO, Lukoil President Mr. Vagit Alekperov told Interfax. Russia's Federal Anti-Monopoly Service (FAS) has already granted Lukoil's request to acquire half of the voting shares in Elista-based KalmTatneft. However, Lukoil had not previously disclosed with whom it was conducting negotiations. According to Tatneft's financial statement to Russian Accounting Standards (RAS) for Q1 2013, it owns 50% of KalmTatneft. The other half belongs to OJSC Kalmneft, which in turn belongs to the Land Property Ministry of Kalmykia. Lukoil's press service declined to comment. Full Article
NK Lukoil OAO's Subsidiary Receives Permission From FAS to Purchase 50% Stake in KalmTetneft' ZAO-Interfax
Interfax reported that Russian Federal Anti Monopoly Service (FAS) has provided NK Lukoil OAO's subsidiary, LUKOIL-Nizhnevolzhskneft' OOO, with the permission to purchase of a 50% stake in KalmTetneft' ZAO Full Article
NK Rosneft' OAO's and NK Lukoil OAO's Joint Venture Gets License for Field in Sea of Azov-Interfax
Interfax reported that the Russian Federal Subsurface Resources Agency (Rosnedra) has issued an oil exploration and production license to LLC Priazovneft Oil Company, a joint venture between NK Rosneft' OAO (Rosneft) and NK Lukoil OAO (Lukoil), for the Novoye field of federal significance, which is located in Temryuk Bay in the Sea of Azov, the regulator reported. The order was signed on April 23. As reported, the Russian government has given its stamp of approval to issuing Priazovneft a license for the Novoye field. Full Article
NK Lukoil OAO's Subsidiary Completes Acquisition of Additional 49.99% Stake in Kama-Oyl ZAO-Region-Inform
Region-Inform reported that Lukoil-Perm' OOO, a subsidiary of NK Lukoil OAO, has completed the acquisition of an additional 49.99% stake in Kama-Oyl ZAO from Madura Holding Ltd. Following this, Lukoil-Perm' OOO has increased its stake in Kama-Oyl ZAO up to 100%. Financial details of the transaction were not disclosed. Full Article
NK Lukoil OAO Announces Completion of Issuance of USD 3 Billion of Eurobonds
NK Lukoil OAO (LUKOIL) announced the completion of the issuance of USD 3 billion in Rule 144A/Regulation S notes. The offering consists of 5-year USD 1.5 billion of 3.416% notes and 10-year USD 1.5 billion of 4.563% notes. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by LUKOIL. LUKOIL intends to use the net proceeds of the offering for general corporate purposes. Full Article
NK Lukoil OAO's LLC Lukoil-Perm Completes Acquisition of CJSC Kama-Oil-Interfax
Inter fax reported that NK Lukoil OAO (Lukoil) has closed a deal to buy Mr. Dmitry Rybolovlev out of CJSC Kama-Oil, a joint venture between LLC Lukoil-Perm (Lukoil-Perm) and Mr. Rybolovlev's Madura Holding Ltd, a source close to the deal told Interfax. The source said Lukoil-Perm now owned 100% of Kama-Oil. The cost of the deal is not yet known. Lukoil's press office confirmed the information. The Federal Anti-Monopoly Service (FAS) in March cleared Lukoil-Perm to buy out the 49.99% of shares in Kama-Oil from Madura Holding Ltd. Full Article
NK Lukoil OAO to Close CJSC Samara-Nafta Acquisition on April 26-Interfax
Interfax reported that NK Lukoil OAO will close its deal to acquire CJSC Samara-Nafta on April 26, 2013, the Company's President, Mr. Vagit Alekperov, told reporters. Samara-Nafta has the rights to explore and develop more than 60 fields within 23 license areas. The commercial oil is fed to the main pipeline owned by Transneft (RTS: TRNF). The fields owned by the company are at the initial development stage and make it possible to maintain and build up the production rate. The Federal Anti monopoly Service has cleared Lukoil to buy 100% of Samara-Nafta Full Article
NK Lukoil OAO's Board of Directors Recommends 2012 Dividend-Interfax
Interfax reported that NK Lukoil OAO's Board of Directors has recommended that shareholders accept a final dividend for the fiscal year 2012 equal to RUB 50 per ordinary share. The final dividend would be in addition to interim dividends Lukoil paid for 2012 equal to RUB 40 per ordinary share. Accordingly, shareholders would receive a total of 90 rubles per share for 2012 if the recommended dividend is approved, 20% more than the RUB 75 paid for 2011, the Company said in a statement. Shareholders of record on May 13 would be eligible for the final dividend. Full Article
UPDATE 1-Lukoil raises investment, output forecasts -reports
* Hydrocarbon production seen up 3 pct vs 1.5-2 pct earlier (Adds detail, quotes)
Earnings vs. 
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