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Lukoil Hong Kong IPO plans suffer small delay

Wed, 22nd Oct 2014 12:01

Despite some small delays, Russian oil colossus Lukoil said its plans for a $1bn initial public offer (IPO) in Hong Kong remained on track to float early in 2015, but warned national oil production may fall in future years.Leonid Fedun, the oligarch vice president of the Moscow-headquartered group, said: "There is a minor delay, as there are internal issues in Hong Kong, but it does not stop us."I think next year we will make a significant progress in this area," he added, according to Russian newswires.The company plans to float at least $1bn of shares on the Hong Kong Stock Exchange in 2015, with all regulatory procedures aiming to be completed by the end of 2014, Interfax reported.Speaking at the sidelines of the National Oil and Gas Forum in Moscow on Wednesday, Fedun also added that oil production in Russia may fall by 25m-70m tonnes by 2017.According to its website, Lukoil accounts for 2.1% of global crude oil output.
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3 Mar 2022 08:13

UK bans more Russia GDRs, firms from insurance market over Ukraine

(Sharecast News) - Britain took more action against Russian companies on Thursday as they were banned from the insurance market and suspended on the London Stock Exchange.

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29 Dec 2021 14:10

Lukoil agrees Meretoyakhaneftegaz joint venture with Gazprom Neft

(Sharecast News) - Lukoil announced on Wednesday that it had concluded a sale and purchase agreement with Gazprom Neft for a 50% equity share of Gazprom Neft's wholly-owned subsidiary Meretoyakhaneftegaz.

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2 Apr 2018 08:55

UPDATE 1-Russian oil output hits 11-month high in March

* Oil output up to 10.97 mln bpd in March vs 10.95 mln bpd in Feb * First increase in Russian output since December * Highest production number after 11 mln bpd in April 2017 * Saudi Crown Prince

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28 Mar 2018 09:08

Rouble, stocks down on lower oil prices; Lukoil outperforms

MOSCOW, March 28 (Reuters) - The Russian rouble eased slightly on Wednesday and stock indexes inched lower as oil prices slid from recent peaks and with support from payments

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23 Mar 2018 10:29

Russia's Lukoil sees annual investments at $8 bln if oil price at $50/barrel

MOSCOW, March 23 (Reuters) - Russia's Lukoil sees its investments at $8 billion a year if oil prices are at around $50

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23 Mar 2018 10:23

Lukoil can reach strategic goals at oil price of $50/barrel - CEO

MOSCOW, March 23 (Reuters) - Russia's No.2 oil producer Lukoil can reach its strategic goals at an oil price of $50 per barrel, CEO the

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21 Mar 2018 11:12

UPDATE 1-Russia's Lukoil beats forecasts as Q4 net profit more than doubles

MOSCOW, March 21 (Reuters) - Fourth-quarter net income for Russia's No.2 oil producer Lukoil rose to 120.5 billion roubles ($2.1

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15 Mar 2018 14:30

Russia's oil export duty seen down 7 pct to $111.4/T in April

MOSCOW, March 15 (Reuters) - Russia's oil export duty is expected to fall to $111.4 per tonne in April from per tonne

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12 Mar 2018 11:20

Russia ramps up fuel exports in fight for European market

* Russian light oil products exports seen rising to 106 mln T in 2018 * Diesel exports seen increasing by 3 million tonnes this year * Russia also increases gasoline By and 12

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6 Jun 2016 13:55

LukOil's Q1 profit hit by crude prices, forex headwinds

(ShareCast News) - Russian oil producer LukOil PJSC saw its first-quarter profit plunge almost 59% as crude-oil prices plumbed 12-year lows and as it was buffeted by foreign-exchange headwinds. The company said its attributable profit for the three months to 31 March fell to 42.8bn rubles, down 58.8

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3 Jun 2015 13:02

Lukoil agrees disposal for Estonian gas stations arm

Lukoil has signed a sale-and-purchase contract to sell Estonian retail subsidiary Lukoil Eesti, which owns a network of 37 gas-filling stations in the country, to local company Aqua Marina. Lukoil, Russia's second largest oil group and with listings in Moscow, London and the US OTC market, said the

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4 Aug 2014 13:19

CORRECT: Bowleven Receives Cameroon Presidential Decree For Etinde Application

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4 Aug 2014 08:14

Bowleven Receives Cameroon Presidential Decree For Etinde Application

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24 Jun 2014 07:46

Bowleven Sells 50% Stake In Etinde Permit For USD250 Million

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