IMG.gif

Lukoil Boosts Investments

Copyright © 2021 Energy Intelligence Group

Lukoil is increasing its investments at home and overseas. Russia's top independent oil producer plans to invest some 300 billion rubles ($4 billion) on an expansion of its Stavrolen petrochemicals plant in southern Russia by 2026-27. Lukoil started construction of a second gas-processing unit so that the plant can offtake up to 5 Bcm/yr from the company's fields in the northern part of the Caspian Sea.

New sanctions underline the US' opposition to Nord Stream 2 but they are unlikely to stop the project.
Tue, Nov 23, 2021
The emergence of yet another variant of the Covid-19 virus threatens to hamper oil demand and the broader economic recovery.
Fri, Nov 26, 2021
How much profit inflation will consume will depend on the efficiency gains companies have made over the last few years.
Wed, Nov 24, 2021