Friday, 12 February 2021 07:53

Vagit Alekperov: Calls to abandon oil are senseless

Lukoil will present a new long-term strategy in spring, the company's President, Vagit Alekperov said. It will meet the modern challenges. “I will definitely tell you how we see the future of the global energy sector, what place oil will occupy in the world, and what we have to do for this”, he said on the Lukoil’s official Instagram page.

“All calls to abandon oil are senseless, believe me — this time has not yet come, " the head of the company said.

About 80% of the company's hydrocarbon production falls to the share of liquid hydrocarbons. LUKOIL accounts for about 2% of the world's oil production, operating in six countries.


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