Hydrocarbon production growth in 2019

Published - 2018-07-12

MOSCOW (Reuters) - Lukoil's hydrocarbon production (MCX: LKOH) could grow by up to 1 percent in 2019, depending on the parameters of the OPEC +, Russia's largest private oil company said during a conference call on Tuesday.

The total oil production of Lukoil last year amounted to 87.1 million tons compared to 87.4 million tons in 2017, including the production of raw materials in the Russian Federation increased slightly to 82 million tons from 81.9 million tons. Lukoil also said that he expects capital expenditures in 2019 at about $ 8 billion, excluding the Iraqi West Qurna-2 project.

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