Lukoil Ups Oil Production 4.5% to 90.1 Mln Tonnes in 2005
Posted on: Friday, 13 January 2006, 21:00 CST
MOSCOW. Jan 13 (Interfax) - The Lukoil Group raised oil production 4.5% to 90.1 million tonnes in 2005, the company said in a press release.
"Preliminary data suggests that oil production of the Lukoil Group, including equity interest of subsidiaries and foreign projects, came to 90.1 million tonnes, including 86.3 million tonnes in the Russian Federation and 3.8 million tonnes abroad. Oil production increase in 2005 amounted to 4.5% against 2004. Western Siberia remains the largest oil production region," the release said.
Lukoil's gas production rose 17% to 7.6 billion cubic meters (bcm) last year.
"Gas production in 2005 increased by 17% against the previous year and exceeded 7.6 bcm. In 2006, Lukoil plans to increase gas production by more than 40%, with most natural gas to be produced at the Nakhodkinskoye field," the release said.
Source: Daily News Bulletin; Moscow - English
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