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Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes

Analysts said that one-off expenses, such as year-end asset write-offs and tax reassessment, were the main factors behind Lukoil’s profit decline.

Russia to Explore Mega Oil Merger – WSJ

The deal, combining Rosneft, Gazprom Neft and Lukoil would create the second-largest oil producer in the world.

Ukrainian Sanctions Halt Lukoil Deliveries to Slovakia, Hungary – Reports

Sanctions signed by Zelensky have effectively banned Russia’s second-largest oil producer Lukoil from using Ukraine as a transit hub.

Lukoil Mulls Over Selling Bulgarian Oil Refinery

Lukoil slammed plans by the Bulgarian government to end imports of Russian crude oil, saying that it may sell its refinery in the Black Sea nation.

Italy Puts Lukoil-Run Refinery Into State Supervision: Source

Italy has placed a refinery run by Russian oil giant Lukoil under provisional state supervision to avoid its closure and guarantee energy supplies, a government...

Northern Russia Oil Spill 4-5x Larger Than Initial Estimates, Officials Say

Environmentalists warn that the oil slick is moving toward the Arctic Ocean and will harm local birds and fish.

Russian Authorities Battle to Contain New Arctic Oil Spill

Regional authorities in Far North Russia declare a state of emergency as contaminated waters approach populated areas.

Russia’s Lukoil to Abandon Saudi Arabia Gas Project

Russian oil giant to transfer its 80% stake in troubled exploration project to Saudi Aramco.

Oil Prices Rise to Highest Level in Two Years

The jump in oil prices will come as a blessing for Russia

Classic MT: Oil Enriching Nenets, Bankrupting Traditions

As oil production spreads to the Arctic, Russia risks a serious threat to the native cultures that have inhabited these areas for centuries.

Britain Liquidates Russian Oil Companies' Fraudulent 'Clones'

On paper, the firms looked like legitimate subsidiaries of major Russian oil and gas companies. One problem: They were fake.

Two Angry Men: Rosneft and Lukoil Spokesmen Locked in Facebook Feud

The detention of Economic Development Minister Alexei Ulyukayev on corruption charges has sent shockwaves through Russia's state elite. But it has also...

Doing the Boss a Favor: Lukoil May Help Privatize Rosneft

On Oct. 31, at the opening ceremony for the Filanovsky oil field in the Astrakhan region, President Vladimir Putin invited Vagit Alekperov, director of...

Russian Journalists Detained for Filming Oil Spill with Drone

Two journalists have been arrested after filming an oil spill in Russia’s far northern Komi Republic, 7x7 news website reported. Maxim Polyakov and Vladimir...

Bashneft Shares Fall After Privatization Delay

General shares for Russian state oil giant Bashneft fell by 9.5 percent on Wednesday after the Kremlin announced that the company's privatization would...

The Battle Behind Bashneft's Delayed Privatization

Russia’s privatization process is like a scratched record: the same endless story, the same screeching sounds. Since it was launched under then President...

opinion Vladimir Milov

Privatization by the State: The Strange Case of Bashneft

Structurally, the “privatization” of one state company by another would only strengthen state domination in the industry, the exact opposite of what...

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