Lukoil sees FY profits exceed yr earlier, oil output up 1.5%

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Economy 25/04/2008 Lukoil sees FY profits exceed yr earlier, oil output up 1.5%

"We are not expecting a drop in profit this year," Alekperov told journalists in Tashkent.

"I believe profit will grow."

Separately, company vice president Leonid Fedun said the company expects oil production to climb 1.5% this year, while total hydrocarbon production could rise by 2.0% to 2.5% thanks to the opening of Russia’s Yuzhno-Khylchuyusskoye field.

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