LUKOIL
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Black Sea Depths To Claim $2.5 Billion For Exploration Alone
The Black Sea depths are becoming the busiest battleground for the world’s oil giants, which have so far announced plans to spend $2.5 billion to explore this unknown area. Early next year,...
Battle Starts Over Romania’s Resources
ExxonMobil hopes that along with Petrom, Romania’s largest company, it will join the exclusive club of prospectors of the sea depths, through their operations in the Neptun block in the Blac...
Lukoil To Invest $1.5B In Romania Black Sea Blocks If Prospecting Successful
Russian oil giant Lukoil will invest around $400 million in hydrocarbon prospecting at the Romanian Black Sea platform, with another $1.5 billion available for further works if discoveries a...
Gazprom, SOCAR To Battle Local Heavyweights For A Slice Of Romania's Fuel Retail Market
Romania’s fuel distribution market caught the eye of international groups such as Gazprom or SOCAR, even though some 90% of local sales go to four major companies.
Black Gold Rush On Black Sea
The success rate for deep hydrocarbon exploration is 10%-20%; the rest is risk in the billions of euros. This year, two international giants and Romania's largest oil and gas producer OMV Pe...
Lukoil Accepts Black Sea Challenge, Earmarks $300M For Exploration
The depths of the Black Sea lure another major oil company after Petrom and ExxonMobil, as Russian-held giant Lukoil announces it is ready to invest up to $300 million in exploration. The Bl...
Oscar Downstream Posts EUR390M Turnover In 2010
Oscar Downstream, an oil trading company controlled by businessman Alin Niculae, posted turnover worth EUR390 million in 2010, almost similar to the 2009 level, and targets a 15% increase fo...
Lukoil Romania Ups Fuel Prices By RON0.03/Liter To Match Competitors' Raises
Lukoil Romania on Monday raised its pump prices by 0.03 lei (EUR1=RON4.1084) per liter, after a RON0.06/liter increase on Friday, and matched the price hikes of its main competitors OMV Petr...
Lukoil Romania To Sell Electricity For $17.6M In 2011
Lukoil Energy & Gas Romania, the energy division of Russian-owned Lukoil Romania, expects revenue of $17.6 million this year from selling the electricity it produces at a power plant located...