About: Lukoil

Global Europe 11-03-2020

Russian ministry, oil firms to meet after OPEC talks collapse and prices plunge

Russia’s Energy Ministry will meet with the country’s oil companies on Wednesday (11 March) to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
Biomass 06-03-2020

Forestry seen as key to Russian climate change efforts

The country’s vast forests and marshes should play an important role in decarbonisation efforts, according to a 2035 outlook from Russian energy company Lukoil.
Energy 20-06-2019

A changing climate puts Europe’s energy sector at risk

Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
Energy 08-11-2016

LUKoil vice president: EU taxes are killing the refinery business

LUKoil would be delighted to sell the EU gas, but it cannot, as Gazprom has a monopoly on Russia's gas exports. However, the gas LUKoil discovered on the Romanian shelf will directly supply the EU, Leonid Fedun told EURACTIV.com.
Energy 26-05-2016

Romanian refinery business airs ‘geopolitical’ fears

The head of the Romanian company supplying crude oil to the country's refineries has warned of a ‘geopolitical situation’ that may block the Black Sea and dry up the sector, unless the EU helps build pipelines to bring crude oil from the Italian port of Trieste.
China 15-12-2015

Gazprom falters

Gazprom's Russian rivals will use the company's financial difficulties as an opportunity to break the giant's hold on the Russian natural gas sector, writes Stratfor, the Texas-based global intelligence company.
The Lukoil refinery in Burgas, Bulgaria
Azerbaijan 31-08-2015

Bulgaria offers Azerbaijan ‘a package’ of energy projects

The Bulgarian government has proposed a package of energy cooperation projects to Azerbaijan. It remains unclear if the massive deal is part of a swap of property linked to a plan to divest 17% of Azerbaijan’s shares of Greek gas operator DEFSA to a third country.
Europe's East 24-07-2015

Russia prepares to seize Western assets

The Russian government has approved a draft bill that would allow it to seize foreign state assets, without warning. The move is seen as a tit-for-tat gesture, following Western court cases involving Russian firms.
Energy 16-07-2015

Romanian tax case threatens Lukoil shutdown in EU

Russia’s biggest private oil producer, Lukoil, has turned to Commission Vice-President Maroš Šef?ovi?, to help solve a court case that threatens its operations in Europe, officials from the company told a small group of Brussels journalists on Wednesday (15 July).
Lukoil officials “shocked”, but the company’s filling stations in U.S. “not to be affected” [Lukoil]
Energy 15-09-2014

Western sanctions to hamper Russia’s big oil projects

Fresh US and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.
Energy 08-09-2014

Analyst: Western energy companies reluctant to deal with Russia

The psychological effect of EU sanctions, as much as the specific effect of them, is causing companies to hesitate when getting involved in any transactions with Russia, James Henderson told EURACTIV Czech Republic in an interview.
Energy 16-08-2012

Ukraine picks Western firms for offshore gas project

Ukraine has selected ExxonMobil and Royal Dutch Shell to develop its Skifska hydrocarbon field in the Black Sea, choosing the American and Dutch companies over Russia's Lukoil for the €8.15-billion project. 
Contribute