Russia 's No. 2 crude-oil producer OAO Lukoil (LKOH.RS) said Monday it halted a years-long decline in oil production last year, increasing output by 1%.

Lukoil has long battled declining production at its main Soviet-era fields in Western Siberia . It has invested abroad to increase output, including at the West Qurna-2 field in Iraq , which is expected to launch production this year.

It also bought Russian producer Samara-Nafta last year from Hess Corp. (HES), helping to boost output.

Lukoil produced 90.8 million tons of oil last year, an increase of 0.9 million tons on 2012, the company said.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα