Tag Archives: Lukoil

OPEC oil output rose last month to a 2018 high as Libyan production recovered and Iraq’s southern exports hit a record.

Italy’s Eni Company is the winner of 39 oil wells in Iraqi Basra and Zubayr regions.

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

The anticipated annual oil production plateau is 1.2 million tonnes and the commercial production is slated to commence in 2023.

Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.

Russia is ready to invest in crude exploration and production. as well as refining.

Washington has warned other countries to end business in Iran and stop buying its oil from early November or face punitive measures.

The Russian oil company discusses entering into a new project with KazMunayGas.

The two companies will establish a consortium after completing procedures needed for the agreement to enter force.

OPEC and non-OPEC producers will meet in Vienna on June 22-23 to review the current deal.