The President of Russian LUKOIL Vahit Alakparov told on October 6 in Baku that the development program of the Company for the next 10 years will be presented on October 19 in New York, Trend reports.
According to him, it is intended to allocate more than $100 billion investments to the development strategy of LUKOIL for the next 10 years. In result the oil production of the Company is implied to be increased 50% up to 150 million tons annually, and gas up to 50 billion m3, Alakparov said.
Presently the volume of the oil production of the Company equals nearly 95 mln tons, and gas production - 8.5 bln m3.
The program (development of the company for next 10 years) has already been announced and begun to be realized, the LUKOIL Head emphasized.