29 Aug 2014 15:02

Lukoil ups capex 11% in H1 to $7.7 bln

MOSCOW. Aug 29 (Interfax) - The Lukoil group increased capex 11% year-on-year in the first half of 2014 to $7.7 billion, the Russian oil company said in a statement.

These figures were presented at a meeting of the company's board of directors.

Capex, including noncash operations, totaled $4.5 billion in the second quarter.

"Lukoil Group organizations have contributed 592 billion rubles in taxes and customs fees to the RF budget, which is 13% more than last year's figure. The growth in the tax payments can be accounted for by the increased profit tax payments, MET payments and petroleum product excise duty," the statement says.