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Petroleum Product Wholesale

In 2015, the Company’s oil sales on the Russian and international markets totaled 78.9 million tons. This includes 68.1 million tons of oil sold on the international market, and 10,8 million tons sold in Russia.

The LUKOIL Group’s 2015 wholesale sales totaled 105.9 million tons, including 95.6 million tons sold abroad. The Company continues to actively develop its international petroleum products supply business that enables it to efficiently sell its products and generate additional revenue from the sales of third party products.

Marine and river bunkerage

In 2015, the Group’s share in the total supplies of bunkering fuel to the Russian market was about 29%.

Currently, LUKOIL is one of the major suppliers of bunkering petroleum products in Russia’s river and sea ports with operations in the ports of six Russian regions.

Currently, LUKOIL is one of the major suppliers of bunkering petroleum products in Russia’s river and sea ports with operations in the ports of six Russian regions. The key fleet bunkering locations are the Baltic, Barents, and Black Sea ports, and Russian internal waterways. The Group’s bunkering fleet includes 18 tankers whose total load-carrying capacity is 48 thousand tons.

Aircraft bunkerage

LUKOIL supplies jet fuel of both in-house and third party production mostly for “into-plane fueling” to the Russian and international airports through its network of subsidiaries or under the contracts with third-party fueling companies. The 2015 into-plane fueling volumes grew by 13.0% to make 1.7 million tons.

Major Russian and foreign civil airlines have been primary consumers of the Group’s products for many years now. In 2015, the Company’s “into-plane” supply operations were conducted at 29 Russian airports.

To comply with the recommendations issued by the Federal Antitrust Service, every month LUKOIL sells jet fuel on the exchange. In 2015, 283 thousand tons of jet fuel was sold through exchange trading (13% of the LUKOIL Group’s production while the recommended figure is 10%).

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