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LUKOIL to invest over $100 bln

Credit: kremlin.ru

LUKOIL President Vagit Alekperov was received by Vladimir Putin and briefed him on the 2019 performance and current activities of the company, presidential web page reports.

“We are currently drafting a new development strategy, and investments in the next ten years may exceed $100 bln, above all investment in Russian projects,” Alekperov noted. “We continue development in the Caspian region. We are launching an active exploration of the Baltic shelf. We have adopted a new program to develop the petrochemical sector at our current enterprises so that all ‘tails’, all half stuff are joined together to create final products with export potential. We are also beginning to actively work in West Africa: we have started working in three countries and another four have offered to launch joint work.”

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