CEO: Lukoil seeks to raise hydrocarbon output by 1% annually
LONDON, Mar 23 (PRIME) -- Russian oil major Lukoil targets production increase of at least 1% annually, CEO Vagit Alekperov said at an investor day on Friday.
УOur minimal strategic goal in the upstream sector Ц growth of hydrocarbon production by an average of 1% a year at the existing resource base at the oil price of U.S. $50 per barrel,Ф he said.
In 2017, LukoilТs hydrocarbon output fell 4% to 658.3 million barrels. Gas output rose 15.8% to 28.9 billion cubic meters.