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Bulgaria to End Russian Oil Imports from March as Lukoil Considers Refinery Sale

Bulgaria to End Russian Oil Imports from March as Lukoil Considers Refinery Sale
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Krasnodarskiy Kray , Black Sea , Oceans General , Kiril Petkov , Julian Lee , Bloomberg Lukoil , European Union , Southeast Europe , Moscow Based Lukoil ,

Lukoil Decries Political Storm as Bulgaria Business Sale Weighed

Lukoil Decries Political Storm as Bulgaria Business Sale Weighed
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Black Sea , Oceans General , Sofiya Grad , Bloomberg Lukoil , Assen Vassilev , European Union , Finance Minister Assen Vassilev ,

Russian Oil Trader Expands in Mexico to Displace US Refiners

Russian Oil Trader Expands in Mexico to Displace US Refiners
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Lukoil Profit Unexpectedly Falls on Weak Refining, Trading

Lukoil Profit Unexpectedly Falls on Weak Refining, Trading
Bloomberg
3/10/2021
© Bloomberg
An OAO Lukoil gas station.
(Bloomberg) Lukoil PJSC unexpectedly reported lower fourth-quarter net income on weak refining and trading operations, but positive free cash flow means investors could be rewarded with the highest dividend yield among major Russian oil companies.
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The pandemic continued to put pressure on oil firms’ earnings late last year as soft demand narrowed margins from producing and selling fuels. But Russian companies remained committed to dividend payments in 2020 despite the hit from Covid-19 and output curbs as part of the OPEC+ deal.
In the fourth quarter, Lukoil’s “international trading operations, lower refinery throughput volumes, weaker refining and trading margins” offset higher crude production, growth in oil prices, ruble’s depreciation as well as an increase in international gas output, Russia� ....

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