Research detail

20.03 2012 22:13:54

Lukoil’s strategy: setting off on road to the radiant future

by Vitaly Mihalchuk

On March 14, Lukoil presented its long-term development strategy, which had long been expected by the market. The main targets look to be in line with the previously released data and my own forecasts. The company is set to expand its capex program and correspondingly, growth in dividend payouts will slow. The outlook for production growth has been retained at an optimistic CAGR of 3.5%, which was first made public last December.