LUKoil reports on oil output, export and refining

Jan 05, 2001 01:00 AM

Between January and September of 2000, LUKoil produced 57.9 mm tons of crude oil, up 2.5 % from 1999, and 3.6 bn cm of gas, up 5.5 %. Primary oil refining at the company's Russian oil refineries grew 16 % to 17.3 mm tons, oil export volumes amounted to 21.2 mm tons, the same as in the first nine months of 1999.
Over the period under review, LUKoil's refineries manufactured 2.5 mm tons of gasoline, up 9.3 % from 1999; 4.8 mm tons of diesel fuel, up 14.4 %; and 3.7 mm tons of fuel oil, up 9.8 %. The volume of petroleum products exported grew by 55 % to 4.6 mm tons. Over the first nine months of 2000, the net profit of LUKoil and its subsidiaries totalled 46.8 bn roubles, compared to 15.9 bn roubles in 1999.

Source: LUKoil press service via NewsBase
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