international magazine
06 / 2003

LUKOIL decided how to lay out $25 bn

The board meeting of Lukoil on 21 November in Geneva approved the Program of strategic development of the company for 2004-2013. The ten-year program provides for the boost of carbohydrates output by 1.8 times, which would require estimated $25 bn of investment. Over the period, Lukoil intends to increase the production from the current 1.61 mn b/d to 2.8 mn b/d.