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Lukoil to ramp up overseas production

Friday, March 08, 2013 - 04:00

Mar. 8 - Lukoil Vice President Andrey Kuzyayev says the company will boost its production abroad and urged Venezuela to create a stable framework for oil companies to foster production growth.

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How much you'll producer of -- reported today record net profit of 111000040012. A very important part of a corporation is that its assets overseas so -- today spoke with the head of global oil overseas operation entry was it. Mystic is local has drawn productions that is in the past few years outside its core base in Russia and Siberia. So can you tell us what will be the main areas of growth for the company outside the rushing in the next few years. Well only serious. Lukoil. Into this love seeing moon could for -- playing. Include because stung and Azerbaijan. And Middle East Iraq. And what will what -- what what do you what sort of share of production. Do you expect the door overseas. Assets -- useful foil in the next five years. Then is to go his son throws error no products lukoil and -- -- and business and -- and -- and then eleven. And for the next five she is through the growing. -- times and maybe if you have into promotes them outside products. And don't. Six on its feet the miles per day. -- Some of your rivals such let me ask you about Iraq because some of your rivals like -- say that in the times or Iraq have very very unprofitable. Meanwhile you recently written have renegotiated -- contract with the Iraqi Government. Do you think the government is moving. Close at -- -- what the oil majors are seeking to achieve. Yeah. In the beginning and this is suncor drugs new quote looks agreement -- Here active and government and -- chairmanship. Lot four pro that's no it's wrong. Mean and to pundits of bottles from day and for. Next nineteen and yes it's long. Flout them. And really change. Week for. Lupus community for Oprah -- but and look Clements. Usually the company about Lou quote for and should be to do for our. Oil and in. For a few products. Their own little. -- fifteen -- and and Joan to take it and dispose of its neutral court room. Hi I can ask you them about that is an Iowa. -- You have a significant project continues well so what. Companies like lukoil expects from the new government after the election takes place in the next thirty days. And what needs to change in in Israel compared to how -- points. Preview by the in my opinion no no it's and sort of took a vote will mean that the change we -- and you ruled. Government's new president and often distant and close the full quote adults have. The look of investment in Venezuela. Is so orderly begin in development projects when in seeks to -- with other -- and company. -- study institution and you raise it to. -- we should be -- in the sale of what development. Boylan got products. And rule over the let me ask you follow up question on Minnesota look how long do you think it will take the country to start to read large scale development of its massive reserves. -- -- -- -- the logic as it is it's -- must have its lunges and it is or things of world. And the in my opinion for -- next. 57 years -- is flexibility to growing. Oil production and sale of button that. Was to commission and its stability incontinence. And intuitive. -- -- Mobile is sufficient for investment.

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Lukoil to ramp up overseas production

Friday, March 08, 2013 - 04:00