27 May 2008 14:23 [Source: ICIS news]
S&P said LUKoil’s cash flow is set to grow significantly on production growth in the next two years, especially in new regions such as Timan Pechora, in western Russia.
The company was also expected to benefit from high global oil and gas prices and strongly improved refining and marketing profits in ?xml:namespace>
S&P upgraded its outlook on LUKoil to ‘positive’ from ‘stable’ and affirmed a ‘BBB-’ long-term corporate credit rating.
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