The Board of Directors of LUKoil has preliminary approved the company's report for 2002, the company's press service has reported. The document has been recommended for the adoption at an annual shareholders' meeting scheduled for June 26, 2003.
According to the annual report, LUKoil's oil production in 2002 amounted to 79.8m tons (78.3m tons in 2001), including 76.9m tons produced in Russia. Gas production was 5.1bn cubic meters (5.2bn cubic meters in 2001), including 1.2bn cubic meters of natural gas (1.1bn cubic meters in 2001). The company's reserves increased by 197m tons in fuel equivalent.
In 2002 some 16 new fields were discovered and 10 fields were put into operation.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year