Lukoil has profited greatly from record high prices particularty in the past year or so s its own production has begun to revive. However, high Russian oil taxation, particularty export duties which are indesed to world prices, moderate financial gains, Sweeping cost-cutting menures first implemented in 2004 have also helped improve Lukoil's financial position. Lukoil's net income was $6.44 billio...Read more →