67 billion last year, also missing the poll forecast of $19

Canada Goose Jackets Russia’s Lukoil 2013 profit falls on write https://www.canadagooseonlineshop.co.uk Canada Goose Jackets

Canada Goose sale Vehicles are parked at canada goose uk shop a Lukoil petrol station in canada goose uk black friday St. Petersburg November 26, 2013.It will launch its West Qurna 2 field in Iraq canadian goose jacket this spring which it expects Canada Goose Parka to at least double its foreign oil output this year.About six percent of its total oil output buy canada goose jacket cheap of 1.8 buy canada goose jacket million barrels per day (bpd) last year came from foreign operations, mainly from Kazakhstan. It hopes to raise its share of overseas hydrocarbon production to 17 percent canada goose store over the next six years.Lukoil said on Wednesday its 2013 net uk canada goose profit was hit by a canada goose clearance $2.4 billion write off of the value of some of its assets, including its Yuzhnoye Khylchuyu oil field in Russia Timan Canada Goose Jackets Pechora canada goose uk outlet and from projects in West Africa, once considered by the company as some of its most promising canada goose assets.high exposure to international assets. has always been a pushback for the Lukoil investment case, said Alexander canada goose coats on sale Kornilov, an analyst with Alfa Bank, adding the write offs Canada Goose Outlet cast doubt over the cheap canada goose outlet uk canada goose uk company plans to enter new countries like Mexico. ConocoPhillips pulled out of canada goose coats the project in 2012.In West Africa, where Lukoil Vice President Leonid Fedun once estimated the company might have of barrels in (hydrocarbon) resources it took a charge of almost $300 million on last year accounts, after exploration wells in Ghana, Ivory Coast and Sierra Leone were dry.these. wells which we drilled. they showed hydrocarbons but not commercial ones, Fedun told reporters on Wednesday. it would be wrong to say that our work in Africa is over now.Fedun and Lukoil CEO Vagit Alekperov are the largest shareholders in the company, which is Canada Goose online operating in 13 countries outside Russia but is pulling out of Venezuela and Vietnam.It Canada Goose Coats On Sale is looking at Iran and Mexico, which are opening up their energy sectors, despite some suggestions from analysts that it should switch its focus from risky cheap Canada Goose foreign projects to Russian production, where reserves of hard canada goose black friday sale to extract oil could lead to an energy renaissance.BETTING ON IRAQ Lukoil plans to launch its West Qurna 2 field in Iraq by the end of March and expects an initial output of 120,000 bpd in April May and 400,000 bpd this autumn.Output at West Qurna 2, where canada goose clearance sale Lukoil holds a 75 percent stake, is expected to peak at 1.2 million bpd.On canada goose factory sale Wednesday, Lukoil posted $7.8 billion in net profit in 2013, down from $11 billion the previous year.With no write offs, Lukoil 2013 uk canada goose outlet net profit would have reached $10.28 billion, the company said, still shy of the average forecast of $10.36 billion from a Reuters poll of analysts.The company said its earnings before interest, taxes, depreciation and amortization (EBITDA) stood at $16.67 billion last year, also missing the poll forecast of $19.38 billion. Lukoil revenues stood at $141.5 billion in 2013, Canada Goose Online slightly up from $139.2 billion in 2012 and almost in line with Canada Goose sale the poll.Lukoil saw its oil production rising by 1.1 percent last year to 90.81 million tons (1.8 million bpd), aiming for a 1.5 percent increase this year partly boosted by West Qurna 2 Canada Goose sale.

Leave a Reply

Your email address will not be published. Required fields are marked *


HTML tags are not allowed.