RusEnergy

19 January 2007 - Upstream onLine - Russian oil giant Lukoil said it produced 39.6 million barrels of crude in its international operations in 2006, up 51% year on year. The company said the production at its foreign operations represented 5.5% of its total oil production. Lukoil said it produce 1.75 billion cubic metres of natural gas (11% of its total gas output) at its international operations. Much of the production was achieved at its projects in Kazakhstan, Lukoil said in a statement. The company also has operations in Uzbekistan, Iran, Saudi Arabia, Colombia, Venezuela and Cote d'Ivoire. Lukoil said it was preparing to invest after signing memorandums of understanding with Angola and Algeria.