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    LKOH   RU0009024277

PJSC LUKOIL

(LKOH)
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PJSC Lukoil : OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says

09/07/2021 | 02:59am EDT
FILE PHOTO: The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters in Vienna

MOSCOW (Reuters) - The head of Russia's No. 2 oil producer Lukoil said that oil prices of $65-$75 were "comfortable" for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output.

In an interview with the Kommersant newspaper published on Tuesday, Vagit Alekperov said curbs on oil output would depend on market conditions.

"Regulation (of output) can be different depending on the situation," Alekperov said.

"For now September 2022 will mark a milestone when the restrictions should phase out. The company has up to 90,000 barrels a day of idle production, which we hope will be needed by the market."

Lukoil has said previously that it could reduce its stake in Iraq's West Qurna-2 oil project. Alekperov said Lukoil remained in talks with the Iraqi government to stay involved in the project.

Alekperov said the Yamama formation at the West Qurna 2 oilfield has proved difficult to tap because it contains high levels of hydrogen sulphide.

(Reporting by Vladimir Soldatkin; writing by Gabrielle Tétrault-Farber; editing by Jason Neely)


© Reuters 2021
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Analyst Recommendations on PJSC LUKOIL
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Financials (USD)
Sales 2021 114 B - -
Net income 2021 8 995 M - -
Net cash 2021 1 533 M - -
P/E ratio 2021 7,82x
Yield 2021 7,88%
Capitalization 67 740 M 67 681 M -
EV / Sales 2021 0,58x
EV / Sales 2022 0,56x
Nbr of Employees 101 374
Free-Float 49,6%
Chart PJSC LUKOIL
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PJSC Lukoil Technical Analysis Chart | LKOH | RU0009024277 | MarketScreener
Technical analysis trends PJSC LUKOIL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 103,82 $
Average target price 102,07 $
Spread / Average Target -1,68%
EPS Revisions
Managers and Directors
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Pavel Lukoil Zhdanov Vice President-Finance
Ravil Ulfatovich Maganov Chairman
Roger Llewelyn Munnings Independent Director
Lyubov Nikolayevna Khoba Director
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