Economy Politics Country 2026-01-29T10:12:00+00:00

Lukoil Announces New Development Plans

Russian oil giant Lukoil, under US sanctions, announced a strategy to diversify markets and strengthen ties with Asia despite external pressure.


Lukoil Announces New Development Plans

Russian oil giant Lukoil, which was sanctioned by Washington over the war in Ukraine, announced new development plans. The company stated its readiness to diversify its sales markets and strengthen cooperation with Asian countries. Lukoil also emphasized that it will continue to implement its strategic projects despite external pressure. In its official statement, the company's representatives expressed confidence in the resilience of its business. They noted that the current situation opens up new opportunities for growth and strengthening its position in the global energy market.