Lukoil board approves investment program of over $20 billion
MOSCOW -- Lukoil has approved an investment program for 2013 at over $20 billion, the company' s CEO Vagit Alekperov said, according to Interfax news agency.
The board of directors approved an investment program and will allow the company' s management to revise it upward by up to 10%, he said.
"There are two things we won' t be doing no matter what the price of oil is: reducing payments to our shareholders and adjusting our investment program" Mr. Alekperov is quoted as saying.
Dow Jones Newswires