Vagit Alekperov

Lukoil plans to build a complex for the production of polypropylene on the territory of "Neftochim" in Burgas, Vagit Alekperov, president and co-owner of the Russian company, told the RNB business magazine, calling the facility "a small petrochemical complex" and "modernization of the old production" without specifying the amount of the investment.

Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia and will keep annual investment at $8 billion-$8.5 billion, the chief executive said on Sept. 23.

DAVOS - Serbian PM Aleksandar Vucic met in Davos on Wednesday with Lukoil CEO Vagit Alekperov to discuss the company's new investments in Serbia.

Lukoil has 113 active petrol stations across Serbia and two oil storage facilities.

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Lukoil's investment would secure best quality of fossil fuels on the Bulgarian market, the company's CEO Vagit Alekperov has said.

The Russian company's CEO is in Bulgaria for the official opening of a heavy oil residue conversion plant at the Lukoil Neftochim Burgas refinery. Similar facilities are only located in 7 other countries around the world.

Bulgaria's President Rosen Plevneliev on Tuesday welcomed the introduction of technological innovations by Russian company Lukoil at its Bulgarian refinery Neftochim Burgas.

Lukoil President Vagit Alekperov arrives Tuesday in Bulgaria for the opening of a heavy oil residue hydrocracking plant at the Lukoil Neftochim Burgas refinery.

Russia's Lukoil has announced it is selling its filling station networks in Czech Republic, Slovakia, and Hungary.

"The decision to sell the assets was taken as part of the effort to optimize Lukoil's business in petroleum product marketing," the company said in a statement.

France's Total and Russia's Lukoil have agreed to jointly explore shale oil reserves in Siberia.

The deal between Total and Russia's No.2 oil producer was signed on the sidelines of the St Petersburg International Economic Forum, as the Moscow Times reports.

An investment of USD 1.5 B will go to the first stage of the construction of a heavy waste treatment complex at the Bulgarian Lukoil Neftochim Burgas refinery.

The investment was announced by the government's press office on Wednesday after a meeting of Prime Minister Plamen Oresharski with Vagit Alekperov, President of Russian energy giant Lukoil.