Lukoil CEO Vagit Alekperov
Oil split reduces pricy delays, company says, after disappointing first quarter
Iraq’s decision to split crude oil export flows into lighter and heavier grades has removed logistical problems and allowed several producers to lift self-imposed output curbs, according to Lukoil (ticker: LKOH) Deputy President for E&P Ravil Maganov. Maganov told reporters that the move to split crude grades helped the company reduce costly logistical errors, reports Reuters.

Iraq chose to split its supply of crude oil into two g...

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