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    Russia's second-largest oil producer calls for peace in Ukraine

Summary

The company called for the "soonest termination of the armed conflict" through "negotiations and diplomacy," but did not assign blame to Russia. [image credit: Lukoil]

by: NGW

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Russia's second-largest oil producer calls for peace in Ukraine

Russia’s second-largest oil producer Lukoil has called for the war in Ukraine to end, while the country’s other leading oil and gas companies have remained silent on the issue.

The board of directors at Lukoil “expresses herewith its deepest concerns about the tragic events in Ukraine," according to a company statement on March 3.

“Calling for the soonest termination of the armed conflict, we express our sincere empathy for all victims, who are affected by this tragedy,” the private company said in a statement on March 3. “We strongly support a lasting ceasefire and a settlement of problems through serious negotiations and diplomacy.”

Lukoil stopped short of attributing any blame to Russia, however, unlike many of the international oil companies working in the country that have commented on the crisis. Many of those companies have said they intend to withdraw from the Russian oil and gas industry.

Lukoil's shareholders include Russian billionaires Vagit Alekperov and Leonid Fedun.