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Lukoil might wind up business in several countries

August 14, 2014, 11:23 UTC+3 MOSCOW
The oil company may stop operation in Iraq, Venezuela, Cote d'Ivoire, Ghana, Egypt and Ukraine due to political and economic risks
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© EPA/MARCEL VAN HOORN

MOSCOW, August 14. /ITAR-TASS/. Lukoil might stop operations in several countries due to political and economic risks, the Russian oil company’s quarterly statement says.

High political risks could complicate and even stop the company’s operations in Iraq, Venezuela, Cote d'Ivoire, Ghana, Egypt and Ukraine.

In 2013, Lukoil sold Odessa refinery, in August 2014 - its network of filling stations in Ukraine. Production at Lukoil’s Karpatneftechem in Ukraine was stopped in the autumn of 2012.

In Iraq, the company develops a large oil and gas field West Qurna-2. Exploration works are underway in Cote d'Ivoire, Ghana and Egypt.

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