MOSCOW, March 23. /TASS/. Lukoil oil major plans to invest $8 billion a year if the oil price is $50 per barrel, the company’s president Vagit Alekperov said in London on Friday.

"Our basic investment program is well balanced. We plan to invest on average $8 bln per year with an oil price of $50 per barrel. Free cash flow will fully cover our payments in the framework of a progressive monetary policy," he said.