Lukoil Cash Pile Mounts Even as Crude Collapse Erodes Profit

  • Company helped by gains in Iraq, weak ruble, Gazprombank says
  • West Qurna barrels offset decline in West Siberian production

Lukoil PJSC, Russia’s second-largest oil producer, saw its cash pile triple last year even as profit sank.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.