MOSCOW, December 29. PJSC “LUKOIL” for the first time in the history of the company broke the threshold of 100 million tons of oil since the beginning of the year, said in a statement.
Alekperov: LUKOIL in 2016-2017 will keep investment at the level of $9 billion
The growth of oil production of LUKOIL in 2015 compared with last year was 3.5% (3.4 million tons).
This is made possible by increasing levels of oil production in the European part of Russia, in particular, in the Timan-Pechora, and Perm regions, in the North of the Caspian sea, and on the West Qurna-2 field in Iraq.
Earlier, the President of “LUKOIL” Vagit Alekperov has informed that the company in 2015, produced 126 million tons of hydrocarbons, including 95.5 million tons of oil. The company has provided reserves of 100 million tons of conditional fuel.
In 2014, LUKOIL has extracted in Russia of 86.3 million tons of oil. In General, LUKOIL increased its oil production last year by 7 percent to 97.2 million tons. In 2016, the company expects oil production in Russia at the level of 84 million tons.
Alekperov expects the average annual price of oil in 2016 to $50 a barrel, maybe higher