16 February 2015, 10:01 GMT
MOSCOW (Sputnik) – Russia’s oil giant LUKoil will easily pay off its $2 billion in loan obligations in 2015, Vice President on Strategic Development Leonid Fedun said during a telephone conference with investors Tuesday.
“This year it’s expected that around $2 billion in loans will be paid off and we currently don’t see any obstacles in paying off the loan or in refinancing and this in no way influences our abilities to pay our dividends,” Fedun said.
As of June 2014, company debt stood at $9.3 billion.
LUKoil is Russia's second largest oil company, accounting for 2.1 percent of the world's crude oil production. It is the world's largest privately owned oil and gas company, measured by proven oil reserves.
In 2014, the company increased oil output by seven percent to 97.2 million tons, including 86.3 million tons produced in Russia and 10.9 million tons abroad.
LUKoil is engaged in oil and gas projects in 13 countries around the globe, with a revenue of $139 billion.
