Lukoil says shaves off 2021 CAPEX forecast to 450 bln rbl
MOSCOW, Nov 24 (PRIME) -- Russian oil giant Lukoil has shaved off the 2021 capital expenditures forecast to 450 billion rubles from 470Ц490 billion rubles, including 85% of local and 15% of foreign investment, the company said in a statement on Wednesday.
Neither of the forecasts include the Iraqi West Qurna 2 spending.
The company kept the output growth forecast at 4%, in line with the current OPEC+ deal terms.
Capital expenditures in 2022 are expected at about 550 billion rubles.
(74.8327 Ц U.S. $1)††††