Oil and Industry

Energy 22-03-2018

Energy efficiency – a game changer for Europe, a responsibility for industry

EU efforts to increase energy efficiency are now entering the sharp end of the legislative process, as trilateral talks ramp up. Nadezda Kokotovic explains what role industry should play in energy saving.

Russia’s economy: Still dependent on oil

After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office.  However this improvement won’t last long without a structural reform. EURACTIV.fr reports.
Energy 16-03-2018

Gas chief: ‘We expect at least 10% of the car market in 2030’

Just as Europe is engaging in a fierce race to electrify transport, makers of natural gas vehicles are coming out with bullish projections, saying they expect their car fleet in Europe to multiply tenfold to 13 million vehicles in 2030 – a 10% market share that could reach 20-30% for trucks and buses.
Air Quality 14-03-2018

Off-limit new diesel cars evade European city bans

The vast majority of new diesel-powered vehicles that don’t meet EU emission limits still manage to escape low emission zones or diesel bans in European cities, according to new research published today (14 March).
Energy 14-03-2018

Europe must regain the lead in clean automotive innovation

The EU must adopt policies that put European manufacturers on the right track to compete with the global shift to low carbon transport, writes Andrey Kovatchev.

Energy 12-03-2018

Scientist: CCS ‘has to make sense’ for Paris climate goals

Keeping global warming below 2°C will be “more difficult, a lot more expensive, and a lot more delayed” without carbon capture and storage (CCS) – even with the sharp fall in renewable energy costs taken into account, Prof. Mike Norton told EURACTIV in an interview.
Electric cars 12-03-2018

Are electric vehicles cleaner? The evidence points firmly in one direction

Opponents of electrification will continue to misuse lifecycle analyses to discredit battery electric vehicles. But they need to be increasingly ‘creative’ to do so, writes Julia Poliscanova.
Energy 08-03-2018

Europe’s future oil production seen viable at $60 a barrel

Europe is hardly the first place that springs to mind when thinking about the world's major oil producing regions, and there is a perception that the domestic industry has already seen its heyday, particularly in the North Sea.
Circular economy 07-03-2018

Is deep-sea mining worth the risk?

There is no evidence that deep-sea mining will reduce our dependency on land-based mining. We need to end business as usual and act to reduce the demand for these raw materials by making the transition towards a circular economy, write a group of Greens/EFA MEPs.
Energy 06-03-2018

Bozhidar Danev: Part of Bulgaria’s fuel sector lies in the grey economy

Unusually low fuel prices in Bulgaria are probably the result of cartels, or contraband, Bozhidar Danev told EURACTIV.com in an exclusive interview, saying the authorities have  so far been unable or unwilling to address the issue.
Agrifood 06-03-2018

Malaysia to respond with ‘might and tact’ if EU proceeds with palm oil curbs

Malaysia will respond with "might and tact" if the European Union proceeds with a plan to limit use of palm oil in biodiesel, a cabinet minister said on Tuesday (5 March).
Energy 05-03-2018

The death of diesel: Can struggling industry woo back consumers?

Amid fears about pollution, penalties and bans, buyers are abandoning diesel cars in droves. EURACTIV's media partner The Guardian reports.



25 Years of Sustainable Development

LUKOIL is one of the major international oil and gas companies that accounts for more than 2% of the world's oil production and around 1% of the proven hydrocarbon reserves. Every day millions of consumers in more than 30 countries worldwide buy LUKOIL’s products, energy and heat, improving the quality of their life.

While having the full production cycle, LUKOIL exercises full control over the whole production chain — from oil and gas production to petroleum product sales. LUKOIL's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the LUKOIL's assets and the payment of cash dividends.

To achieve these goals, LUKOIL shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.

Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.

LUKOIL’s corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields by providing Company growth, the wellbeing of its employees and community at large.

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