LUKOIL Board of Directors held a meeting in
It was noted at the meeting that the Company successfully accomplished the second year's goals within the ten-year strategy and achieved significant progress in delivering on key projects and strategic initiatives.
In 2019
The Company continued to take successful measures to optimize costs and increase efficiency, develop and apply new technologies, including implementation of a digitalization program.
In 2019 the Company approved a new dividend policy and cancelled the major part of the Company's treasury shares acquired as part of the buy-back programme and public offer.
Among key priorities for 2020 the Board of Directors determined accident-free operations, attainment of key performance indicators, efficiency improvement and cost optimization, maintaining investment discipline.
The Board of Directors also reviewed the issue on decarbonization strategies applied across oil and gas industry.
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