LUKoil expects that by the end of 2016 oil price will be $60.00 per barrel, reported Bloomberg quoting interview by Vagit Alekprov, LUKoil President, to Austrian Format newspaper.
He also said that LUKoil plans to pay dividends worth $2.16 billion for year 2015.
Alekperov added that LUKoil had “stable financial results” and “relatively high profit” in 2015.
In 2014 LUKoil’s net profit totaled $4,746,000,000, down 1.6 times against 2013. The index has dropped, because of losses from reduction of cost of assets. The profit from sales totaled $144,167,000,000, up 1.9% against 2013.
