Support The Moscow Times!

LUKoil Sees Oil Output Decline by Less Than 2 Tons in 2015

Russia's No.2 oil producer LUKoil may see its crude output decline by less than 2 million tons in Russia this year, a company official said Wednesday.

Ravil Maganov, who is in charge of LUKoil's upstream division, also told reporters oil output at the West Qurna-2 field in Iraq stood at 380,000-390,000 barrels per day.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.