Lukoil Oil Company has agreed to purchase the AFI2B business center with the area of 50.2 thousand sq. m. located on the 2nd Brestskaya Street near Belorusskaya railway station and Belorusskaya metro station. Deal could be worth around ₽25 billion. This is already the second office acquired by the company recently. Last year Lukoil bought the Blue Pearl busi...

Board of Directors of Lukoil decided to terminate the powers of Chief Executive Officer Vadim Vorobyov ahead of schedule and appointed Sergey Kochkurov as the new head of the company. Kochkurov previously held the position of vice president for oil and gas production in Russia. Last Friday Vorobyev was placed on the US sanctions list. Vagit Alekperov had ear...

USA has placed a joint venture of Lukoil and Gazprom, LLC Layavozhneftegaz, on the sanctions list. Company was established in March 2021 to implement a project to develop the Vaneyvisskoye and Layavozhskoye fields. Investments in the project were estimated at ₽200 billion.

Several companies are applying for Lukoil's business in Bulgaria at once. One of them is the State Oil Company of Kazakhstan "KazMunayGas". KazMunayGas said this week that Lukoil had invited it to bid for the Black Sea coast facility, the largest in Southeastern Europe. Another potential buyer is the Hungarian company Mol, but the Kazakhs have a strategic ad...