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ON THE 18TH OF OCTOBER "LUKOIL" PRESENTED ITS DEVELOPMENT STRATEGY PROGRAM TILL 2016


A&G Information Services

10-31-2006

ON THE 18TH OF OCTOBER "LUKOIL" PRESENTED ITS DEVELOPMENT STRATEGY PROGRAM TILL 2016

ST.PETERSBURG, RUSSIA, Oct 31, 2006 (A&G News via COMTEX) -- The new company's long-term strategy contains 2 scenarios - conservative and optimistic (depending on the oil price). The 1st proceeds from the price of $35-38 per barrel; in this case the company will invest $78 billion into its development: $54,3 billion into prospecting and production, $13,5 billion into oil processing and sale a

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