Business growth

Lukoil increased its oil production by 20 thousand bps in July and by another 60 thousand bps in August in line with the easing of restrictions under the OPEC+ deal, said Vice President Pavel Zhdanov. At most wells, the company managed to restore oil production within a day. The management also keeps the forecast for capital expenditures in 2020 at ₽450 - ₽500 billion.