A committee tasked with monitoring compliance for an agreement reached between OPEC and non-OPEC members to reduce oil production by 1.8 million barrels daily met for the first time in Vienna.
According to Saudi Energy Minister Khalid Al-Falih, the agreement has been largely holding as supplies have already been cut by 1.5 million barrels daily. As part of its commitment, Russia reduced its oil production by 100 thousand barrels daily. The monitoring committee includes representatives from Kuwait, Qatar, Algeria, Venezuela, Russia and Oman.
According to the agreement with Administration of Eiz Eldeen Saleem Sub-District LUKOIL implemented the first social project for this year, which was the Food Boxes Project.read more
The team of young employees of LUKOIL Uzbekistan Operating Company under the name of “Gorod Khlebniy” (“The City of Grain”) successfully performed at the “KVN Cup” humor contest held among the oil and gas producing entities of LUKOIL Group and bore away the highest award.read more