Participation in the project Saudi Aramco did not bring to PUBLIC JOINT-STOCK COMPANY "LUKOIL" noticeable results

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PUBLIC JOINT-STOCK COMPANY "LUKOIL" is in process of an exit from joint from Saudi Aramco the project to Saudi Arabia, writes information agency "Interfaks", referring to the statement Vagit Alekperov It is possible to assume that the margin does not arrange PUBLIC JOINT-STOCK COMPANY "LUKOIL". Operational profitability of production to Saudi Arabia can make $6-15 for barrel, but on difficult fields it can be higher. Besides, it is necessary to consider capital expenditures and a share of the partner in profit. Besides, it is necessary to take into account and restrictions OPEC. PUBLIC JOINT-STOCK COMPANY "LUKOIL" made such decision after several years of participation the project which has not shown noticeable results. Thus...
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Vagit Alekperov
Last position: Co-owner (JOINT-STOCK COMPANY "FC "SPARTAK-MOSKVA")
37
PJSC Lukoil
Main activity:Mining
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Saudi Aramco
Main activity:Production of coke, oil products and nuclear materials
3