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The PJSC Lukoil Oil Company (Russian: Лукойл, romanized: Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and electricity.
G7 Sanctions keep being adapted to restrict Russia's options and keep Russia's revenues below the $60 per barrel price cap level for crude oil whilst keeping the oil flowing. In December 2023 the Russian government ordered oil and gas producers to install anti drone protection at their installations, to ward off Ukrainian drone attacks. [20]
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
The deal's proponents say the merger could generate far more revenue since the oil output from the three companies could be sold through Litasco, Lukoil's trading unit in Dubai. That would help ...
PRAGUE/BUDAPEST (Reuters) -Slovakia and Hungary said they have stopped receiving oil from key supplier Lukoil after Ukraine imposed a ban last month on the transit of resources from the Russian ...
PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas. PJSC LUKOIL’s insiders have invested 158,482 shares in the ...
The Lukoil oil transit dispute is an ongoing international relations dispute between Ukraine and the European Union at odds with Hungary and Slovakia regarding the allowance of the pipeline transfer of Russian oil through Ukrainian territory.
Ukraine's decision to halt the transit of oil from Russia's Lukoil threatens the long-term security of supply for Slovakia and Hungary, Hungary's Foreign Minister Peter Szijjarto told a news ...