print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  Oil Company "LUKOIL" REGISTER LOG IN

Press Releases > Oil Company "LUKOIL"  all about the company

company search
all press releases
all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

February 3, 2004

LUKOIL to increase oil production by 6-7% in 2004

LUKOIL revised its production plan for 2004 setting new 6-7% annual growth target. According to new plan 2004 output is estimated at the level of 86.2-87.0 million tons depending on availability of effective transport capacities.

The principal sources of extra output growth are located in Russia. LUKOIL’s domestic subsidiaries will provide around 80% of total output growth, while overseas production — remaining 20%.

The best growing subsidiaries are LUKOIL-West Siberia (38% of total expected extra growth), Naryanmarneftegaz and LUKOIL-Komi operating in Timan-Pechora oil and gas province (31% of total expected extra growth), RITEK (11% of total expected extra growth).

All increase of production in 2004 comprises natural growth in output only.

It was stated earlier that LUKOIL planned to increase crude production by 4.3% in 2004 to 84.9 million tons against 81.5 million tons produced in 2003.

 

Press Centre  OAO "LUKOIL"
phone.: (095)927-1677,  fax: (095)927-1653,
E-mail: pr@lukoil.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer