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13

LUKoil's Output To Rise in 2009

Lukoil expects its oil production to reach 90.8m tonnes in 2009, President Vagit Alekperov said on Thursday during a meeting in Kirishi, Leningrad region, RBC reported

Alekperov indicated that the increase in output will amount to 2 percent compared to the previous year.

LUKoil's chief reiterated that the announced figure was true for production in Russia only and did not include the company's foreign projects.

According to preliminary data, LUKoil group's hydrocarbon production amounted to 114.6m tonnes of oil equivalent in 2008, which is 1.5m tonnes less than a year earlier.