The aggravation of the climate debate in society today is the most significant challenge for the oil and gas industry, President and CEO of Lukoil Vagit Alekperov said
Lukoil expects investment to recover to pre-crisis level in 2022, says CEO
Earlier reports said that Lukoil upgraded its capital expenditures guidance for 2021 compared with its initial outlook to $6.27-6.67 bln
ST. PETERSBURG, June 5. /TASS/. Lukoil expects investment to recover to the pre-crisis level in 2022, Chief Executive Officer and co-owner of Russia’s oil major Lukoil Vagit Alekperov told TASS on the sidelines of the St. Petersburg International Economic Forum. After completion of the OPEC deal a maximum increase in oil production, he said when asked a respective question.
Earlier reports said that Lukoil upgraded its capital expenditures guidance for 2021 compared with its initial outlook to 460-490 bln rubles ($6.27-6.67 bln) excluding its West Qurna-2 service project, amid the recovery of the price environment. Previously the guidance suggested 450 bln rubles ($6.13 bln) worth of capital expenditures.