Lukoil to finish purchases of new overseas production assets this Sept - Alekperov
MOSCOW. June 23 (Interfax) - Oil company Lukoil plans to finish the purchase of new production assets overseas by this September, the company's president, Vagit Alekperov, told journalists on Thursday.
"I hope that we make the announcement in the autumn, in September," he said.
While talking at the company's' annual shareholder meeting in Moscow, Alekperov said that Lukoil has set aside around $2 billion for potential asset acquisitions.
Lukoil said in its US GAAP that it had paid an advance worth $1.8 billion in the first quarter for the possible purchase of overseas production assets. The report said that $1.76 billion of this amount is for acquiring exploration and production assets while $18 million would go for purchasing up-stream assets in Russia.
