Commissioning of the Kuvykin field in the Caspian Sea is scheduled for 2029. Earlier the company announced plans to start gas production there two years earlier - in 2027. The Kuvykin field project was formed last year, and it is now being finalized. The recoverable gas reserves of the Kuvykin field are 89.4 billion cubic meters, the number of wells is 7, an...

Lukoil received licenses for geological exploration, prospecting and production at the Yuzhno-Payutsky, Yuzhno-Ushakovsky and Laduketsky subsoil blocks in Krasnoyarsk Territory. Total recoverable resources of the blocks amount to about 300 million tons of fuel equivalent. This is one of the most promising and little-studied regions in terms of exploration an...

Bulgarian MPs passed amendments to the law on the administrative regulation of economic activities, which provide for the possibility of nationalizing the Lukoil Neftohim Burgas oil refinery. In early December, the Bulgarian government, as an exception agreed with the European Commission, allowed contracts for the purchase, import and transfer of Russian cru...

Lukoil signed an agreement to sell its Isab refinery in Italy to G.O.I. Energy Group. The deal is expected to be closed by the end of March 2023. The continuation of the Isab refinery in the Sicilian city of Priolo was threatened by anti-Russian sanctions.