Lukoil estimates losses from measures to stabilize fuel prices at $125.5 mln
Lukoil plans no oil production cuts in 2019.
Abu Dhabi - TASS
Russia’s oil major Lukoil estimates the company’s losses from measures to stabilize prices on the fuel market at 8.5 bln rubles ($125.5 mln) for the past four months, Chief Executive Officer Vagit Alekperov said on Monday.
"Of course, we incur losses on the retail market, similar to all producers. Today our (Lukoil’s - TASS) losses for the four months that the fuel market has been stabilized… amount to around 8.5 bln rubles, that being loss of profits," he said.
Alekperov added that Lukoil plans no oil production cuts in 2019.
"We have not yet approved (production plan). I will not disclose figures, but definitely no decline (is planned)," he said, adding that the issue was about production in Russia.
Speaking about overseas projects, Alekperov said that Lukoil plans an increase of output. "Today the company targets acquisition of assets and participation in consortiums. Particularly, here, in Abu Dhabi," he explained, noting that crude production has been increased by around 30,000 barrels per day at Lukoil’s Russia-based projects as part of OPEC+ agreement since June.
- Thursday ,13 December GMT 13:52 2018 Economic conference on investment opportunities in Syria kicks off
- Sunday ,09 December GMT 12:24 2018 Cairo, Rome ink 45 million Euros deal to support Egyptian private sector
- Friday ,07 December GMT 16:28 2018 Putin does not rule out connecting South Europe to Turkish Stream via Greece
- Sunday ,02 December GMT 07:54 2018 US and China agree to 90-day ceasefire on tariffs after leaders' meet
- Tuesday ,20 November GMT 16:13 2018 Eurasian Economic Commission, Thailand sign memorandum on cooperation
- Monday ,19 November GMT 16:41 2018 Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks offGMT 12:24 2018 Sunday ,09 December
Cairo, Rome ink 45 million Euros deal to support Egyptian private sectorGMT 16:28 2018 Friday ,07 December
Putin does not rule out connecting South Europe to Turkish Stream via GreeceGMT 13:02 2018 Tuesday ,04 December
French PM puts fuel tax hike on hold after protestsGMT 07:54 2018 Sunday ,02 December
US and China agree to 90-day ceasefire on tariffs after leaders' meetGMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focusGMT 16:13 2018 Tuesday ,20 November
Eurasian Economic Commission, Thailand sign memorandum on cooperationGMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implementedRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 08:32 2011 Monday ,25 July
Sabri accuses Yusri in Souad Hosni’s murderGMT 23:58 2011 Thursday ,10 November
A look inside Victoria’s secret fashion show
GMT 10:43 2014 Saturday ,31 May
Wonderful boys bedrooms interior design
GMT 09:27 2018 Sunday ,21 January
Ex-employee accuses Michael Douglas
GMT 14:32 2017 Monday ,08 May
Berlin orders barracks inspection after Nazi symbols found
GMT 16:22 2015 Wednesday ,20 May
President to approve electricity bill within days
GMT 07:14 2017 Friday ,23 June
(September24th-October23rd)
GMT 17:20 2014 Thursday ,06 March
Fascinating idea for small interiors
GMT 08:41 2017 Saturday ,30 September
Hussein Fahmy choose 3 films to be presented
GMT 08:56 2017 Monday ,13 November
Twitter purists mourn end of 140-character limit on posts
GMT 09:43 2017 Thursday ,04 May
'Cautious' as Giro d'Italia tips Quintana
GMT 08:32 2017 Saturday ,12 August
Nesrine Ameen participates in three drama shows
GMT 07:36 2017 Tuesday ,03 October
Skipping breakfast may double risk
GMT 19:53 2017 Wednesday ,10 May
Gold falls to its lowest
GMT 22:02 2017 Tuesday ,27 June
Going for a swim at the beach? UAE police has a message for you
GMT 02:00 2017 Monday ,16 January
10 manholes with consumer goods discovered at labour accommodation
GMT 12:34 2017 Monday ,06 November
Algerian health official criticizes minister
GMT 06:34 2016 Tuesday ,16 February
'Thinking Out Loud' wins Song of the Year Grammy
GMT 09:22 2016 Monday ,29 February
'Spotlight' takes home best picture Oscar
GMT 11:26 2015 Friday ,17 April
GE reports $13.6bn loss due to finance sale charges
GMT 12:29 2017 Thursday ,07 September
Hurricane damage has left Dutch St Martin 'unreachable'GMT 00:31 2011 Saturday ,10 December
YouTube buys US-based music rights company
GMT 09:23 2017 Thursday ,07 December
Dalal Abdel Aziz happy for honoring husband
GMT 11:51 2013 Monday ,26 August
Islamic universities\' meeting opened
GMT 09:08 2017 Tuesday ,06 June
Iraqi forces resume advance in Mousl
GMT 17:12 2016 Monday ,26 December
9 killed in boat accident on Lake Albert in western Uganda
GMT 13:22 2017 Friday ,28 July
Israeli forces detain Aqsa guard
GMT 15:59 2017 Friday ,11 August
Youth's role in achieving growth stressed
GMT 19:34 2017 Wednesday ,10 May
Hedge funds turn bearishGMT 11:22 2011 Saturday ,25 June
Khaled Salim embarrassed to watch Tamer Husni’s movies
GMT 11:37 2017 Tuesday ,17 January
Burqa ban whips up passions, divides opinions in Morocco
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor