Killajoules

Lukoil Takes Final Investment Decision On Delayed Coker At Nizhny Novgorod Refinery
November 30, 2017

LUKOIL’s associated petroleum gas starts flowing to Gazprom-owned Sosnogorsk GPP
Associated petroleum gas produced from the northern group of fields owned by LUKOIL-Komi started flowing to the Gazprom-owned Sosnogorsk gas processing plant (GPP).

Russia: Total combines efforts with Lukoil to explore and develop tight oil in the Bazhenov
Total signed today an agreement with Lukoil creating a joint venture (JV) to explore and develop the tight oil potential of the Bazhenov play in Western Siberia. Total will hold 49% of the JV and Lukoil 51%. This agreement finalizes the memorandum of understanding signed between the two companies in December 2013.

LUKOIL: €420 million for the modernisation of a Bulgarian refinery
Société Générale Corporate & Investment Banking, acting as Global Coordinator, MLA and Lender, BNP Paribas Corporate & Investment Banking, acting as Facility Agent, MLA and Lender, ING Bank, a Branch of ING-DiBa AG acting as Environmental Agent, MLA and Lender, UniCredit Group acting through UniCredit Bank Austria acting as MLA and Lender and UniCredit SpA acting as MLA and SACE Agent and SACE have successfully closed a 10 year EURO 420 million SACE backed export credit facility to Lukoil Neftohim Burgas AD (“LNB”), a subsidiary of OJSC “Oil Company “LUKOIL” (OAO “LUKOIL”), one of the world’s leading vertically integrated oil & gas companies.

This export credit facility, 95% covered by SACE, is intended to finance the modernisation of the Bulgarian refinery.

Lukoil Takes Full Control Of ISAB Refinery
LUKOIL has finalized a transaction to purchase the remaining 20-percent share in the joint venture running the ISAB refinery, located in the vicinity of Priolo (Sicily), from the Italian ERG. Thus the company became the sole owner of the refinery.

ERG completes exit from the refining sector
The Board of Directors of ERG S.p.A., which met today, approved the exercise of a put option on the remaining 20% stake held in the ISAB Refinery, valued at 400 million Euro (excluding inventory). Following this transaction, ISAB S.r.l. will be wholly owned by LUKOIL.

The transaction closing is scheduled to take place by the end of 2013 (see Press Release dated 31 January 2012).

Luca Bettonte, ERG's Chief Executive Officer, commented: “with this transaction ERG completes its exit from the refining business, in keeping with the strategy to invest in less volatile sectors. The transaction will allow us to further consolidate our financial structure during the persistently difficult economic situation. ERG however still maintains a significant industrial presence at the Priolo site by way of the ERG Power and ISAB Energy thermoelectric plants.”

Técnicas Reunidas has been awarded a major contract for the Lukoil´s refinery in Volgodgrad, Russia
OAO LUKOIL, through its subsidiary LUKOIL-Volgogradneftepererabotka, has awarded to TÉCNICAS REUNIDAS a lump sum turn key contract for the engineering and supply of the equipment and materials, construction, pre-commissioning as well as support for commissioning of critical equipment for the vacuum gasoil deep conversion complex to be built within the existing LUKOIL´s refinery located at Volgograd (Russia).

MoO Sign with Lukoil on The first Amendment for West Qurna Contract
The Iraqi ministry of oil signed with Lukoil on Thursday the 17th of January on the first amendment on the west Qurna development contract/ second phase, and the contract signature was attended by the Minister of oil Mr. Abdulkareem Liaybi & the head of Lukoil Mr. Vagid Alikperof.

LUKOIL Wins The Bidding For Federal Subsoil Use
OOO LUKOIL-West Siberia (a wholly-owned OAO LUKOIL subsidiary) has won the bidding for the use of a subsoil site of federal importance, including the Imilorskoye+West Imilorskoye and Istochnoye fields located in Khanty-Mansi Autonomous District -Yugra.

Contract for LukOil in Iraq
WorleyParsons has been awarded a three year contract by LukOil Mid-East Limited to provide project management services for West Qurna-2 oil field development project in Iraq.