Lukoil

SNC Lavalin won FEED contract for phase-1 to Aqaba On December 2012, the Iraq Ministry of Oil (MoO) presented in London, UK, Road Show, its Strategic Crude Oil Export Pipeline Infrastructure Project across Jordan, Syria and Turkey. During this London Road Show, the Ministry of Oil also detailed the phase-1 of the Strategic Crude Oil […]

Iraq Key Projects and Business Highligfhts  In 2012, Iraq has been the theater of strategic step changes for most of the companies depending on their profile as international oil companies, national oil companies, small and mid-cap oil companies. The national oil companies, such as Gazprom, Lukoil, PetroChina, Petronas, were moving into the active development of […]

Gazprom first LNG shipment from Norway to Japan Gazprom prepared and implemented successfully the first shipment of liquefied natural gas (LNG) through the freezing Northern Sea Route (NSR) around the North Pole from Norway to Japan. Leaving the Port of Hammersfet in Norway on November 9th, the Ob River LNG carrier reached the Port of Tobata […]

WorleyParsons to provide project management services November 2012, OAO Lukoil (Lukoil) selected the Australian engineering company WorleyParsons to provide project management services (PMS) on the next three years for the West Qurna-2 oil field development project in southern Iraq. Discovered in 1973, the West Qurna-2 oilfield is the second largest undeveloped field in the world. […]

Solvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals. According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. The joint venture RusPAV should […]

Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]

Giant Filanovksi project to open Caspian Sea to Lukoil In October Lukoil organized a welcome reception dedicated to the selected contractors for the Vladimir Filanovsky field development project in the north of the Caspian Sea. With $3.5 billion capital expenditure, the Filanovsky project is strategic for Lukoil as it opens a $22 billion campaign of […]

Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock Exchange with the capital dominantly […]