Lukoil 4Q Production Rises 9.5%
February 08 2021 - 4:41AM
Dow Jones News
By Jaime Llinares Taboada
Lukoil PJSC on Monday reported that its hydrocarbon production
increased in the fourth quarter of the year by 9.5% compared with
the third quarter.
The Russian oil company achieved average daily production of
2.06 million barrels of oil equivalent in October-December, up from
1.88 million barrels in July-September. These figures exclude the
West Qurna-2 project.
Lukoil said growth was driven by the OPEC+ agreement and a
recovery in Uzbekistan output.
However, full-year production fell 12% from 2019 as the
coronavirus pandemic hurt demand for oil and gas.
Shares in Moscow at 0850 GMT were up 0.6% at RUB5,750.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
February 08, 2021 04:26 ET (09:26 GMT)
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