Russia’s LUKOIL lowers its oil production forecast to 92 million tonnes, the company’s Deputy CEO Leonid Fedun told reporters on Wednesday during the Expert-400 forum.
Earlier, Head of LUKOIL Vagit Alikperov forecasted oil production at 95 million tonnes.
Fedun explained that the updated forecast was caused by decreasing production of oil at the Yuzhnaya Khylchuya field /in the Urals beyond the Arctic Circle/.