31 Jul 2014 15:51

Lukoil maintaining investment plans, analyzing sanctions

MOSCOW. July 31 (Interfax) - Russian oil giant Lukoil is maintaining plans to carry out its investment program, but is analyzing the possible effects of sanctions, Lukoil President Vagit Alekperov told journalists.

He said it was currently difficult to say how the sanctions would impact the company's activity. "We are still evaluating all of the consequences that could arise," Alekperov said.

Lukoil is not yet planning to shrink its investment program, he said, adding that the company was still reviewing the January edition of the 10-year investment program. "And there will be another hearing in September," Alekperov said.