NK Lukoil PAO (LKOH.MM)
30 Sep 2016
SOCHI, Russia Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.
* OPEC output likely at record in Sept, diluting Algeria deal
* Bashneft sell-off had unleashed clan infighting (Adds govt source in para 8)
MOSCOW, Sept 30 Lukoil, Russia's second biggest oil producer, is not ready to reduce its oil output but will join oil market stabilisation measures if Russia joins them, RIA news agency quoted Lukoil Chief Executive Vagit Alekperov as saying.
MOSCOW Russia's No.2 oil producer Lukoil second-quarter net profit dipped 2 percent, as a weaker rouble helped offset a 30 percent fall in crude prices that has gouged the earnings of many of its peers.
BAGHDAD/BASRA - Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.
HOUSTON, Aug 5 Venezuelan crude sales to the United States increased to 817,806 barrels per day (bdp) in July, the highest level since November, due to larger exports of grades produced in the vast Orinoco Belt, according to Thomson Reuters trade flows data.
HOUSTON, July 7 Venezuelan crude oil sales to the United States fell 14 percent in June compared with the previous month amid lower purchases of diluents by state-run PDVSA to formulate exportable blends, according to trade sources and Thomson Reuters Trade Flows data on Thursday.
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.