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 More
GMT 10:08 2018 Wednesday ,24 January
US Senate confirms Jerome Powell as next Fed chairman
GMT 07:32 2018 Tuesday ,23 January
Oil spill disasters in the past 50 yearsGMT 14:45 2011 Friday ,30 September
Plutonium \'detected outside Fukushima plant\'GMT 06:38 2011 Friday ,03 June
Cyber attacks constant
GMT 09:06 2024 Thursday ,08 February
Meghan presents fashion award to wedding dress designer Waight Keller
GMT 22:48 2018 Thursday ,13 December
French archaeological mission discovers artefacts in Umm Al Qaiwain
GMT 07:58 2018 Thursday ,25 October
Cathay Pacific data breach affects 9.4 million passengers
GMT 08:46 2018 Wednesday ,12 September
Arab foreign ministers conclude 150th meeting at the Arab League’s Secretariat
GMT 13:56 2018 Tuesday ,04 September
HRH Premier's keenness to promote social ties hailed
GMT 17:29 2013 Tuesday ,02 July
HEC pays an inspection visit to Ahlia University
GMT 18:50 2016 Monday ,04 April
United States seizes thousands of Iranian weapons, including grenade launchers, in Arabian Sea
GMT 06:38 2017 Monday ,10 April
Prime Minister Participates in Meetings of Interior Ministers' Council
GMT 10:35 2017 Thursday ,10 August
Victory Team ready for UIM F1H2O World Championship
GMT 11:38 2017 Thursday ,10 August
Fujairah Crown Prince opens Jiu Jitsu ChampionshipGMT 13:46 2011 Thursday ,16 June
Flavoured milk off the menu in schools
GMT 21:07 2017 Thursday ,04 May
Afghan president calls upon Taliban to join peace process
GMT 16:01 2014 Monday ,06 January
Hilton continues growth in UAEGMT 14:44 2011 Sunday ,12 June
Hundreds of schools face blacklistingGMT 09:16 2011 Friday ,15 July
Google going social as profit soarsGMT 11:49 2011 Thursday ,13 October
Abou-Treika joins Ahly trainings for Haras clash
GMT 08:57 2015 Friday ,12 June
Trio share St Jude lead
GMT 13:09 2016 Wednesday ,07 September
Bosch 'helped conceal' Volkswagen's emissions cheating devicesGMT 00:48 2011 Sunday ,08 May
West Ham rooted to bottom of PremiershipGMT 23:09 2011 Tuesday ,10 May
De Jong backs Man City to beat SpursGMT 06:53 2011 Saturday ,21 May
UN Chief to visit Nigeria next week
GMT 11:57 2017 Monday ,27 February
Meet Malaysia's first family of skiing
GMT 11:31 2012 Monday ,15 October
Chadli Bendjedid.. The era where change stopped in Algeria
GMT 10:07 2017 Thursday ,10 August
Portuguese media delegation praises activities of Dubai Sports World
GMT 19:04 2017 Saturday ,25 March
Malaysia's February CPI Up 4.5 Per Cent
GMT 14:16 2013 Sunday ,30 June
Top advice on making him careGMT 09:52 2013 Friday ,19 April
Actress shaves her locks for cancer-patient role
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