By Jaime Llinares Taboada


Lukoil PJSC said Monday that its hydrocarbon production increased 7.6% in the fourth quarter, bringing full-year output growth to 4.7%.

The Russian oil-and-gas major reported fourth-quarter production of 2.30 million barrels of oil equivalent a day, up from 2.13 million barrels in the third quarter.

Oil output rose 5.3% quarter-on-quarter to 21.1 million metric tons, and gas production grew 13% to 8.6 billion cubic meters.

Refinery throughput fell 11% to 15.5 million tons due to scheduled maintenance works.

Full-year hydrocarbon production averaged 2.16 million oil-equivalent barrels a day, up from 2.06 million in 2020, reflecting higher OPEC+ production quotas.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

02-07-22 0732ET