The 2013 oil export volume by LUKOIL Group is expected to reach 31.9 million tons. According to LUKOIL press release, this was announced at the Company’s BoD meeting to summarize the company’s preliminary performance results from 2013 and set priorities for 2014.
The reduction of export via the AK Transneft pipeline system by 5.2 million tons (-17%), as compared with 2013 is due, specifically, to the increased oil sales at the Russian Federation domestic market.
The estimated oil production volume in LUKOIL Group totals 90.8 million tons, including 85.5 million tons in Russia and 5.3 million tons overseas. The oil production volume grew by 0.9 million tons as compared with 2012.
The gas production volume by LUKOIL Group is expected to reach 25.8 billion cubic meters in 2013, including 18.1 billion cubic meters in Russia and 7.7 billion cubic meters overseas. The gas production volume will grow by 1.2 billion cubic meters, or 4.9%, as compared with 2012.
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