JARKUDUK – Lukoil (LKOH.MM) plans to keep pumping 100 million tonnes of oil per year between 2018 and 2027 with projects outside Russia and will keep annual investment at $8 billion-$8.5 billion, the chief executive said on Saturday.
Lukoil, Russia’s No.2 oil producer which has suffered from sluggish output from its Western Siberia fields, has kept production steady by focusing on growth in new regions, such as the Caspian Sea and Iraq. It is also looking at Iran and Mexico.
