LUKOIL Switches over to Production of EURO 5 Gasolines Only
All LUKOIL’s Russian refineries will switch over to the production of Euro 5 AI-92 and AI-95 automobile gasolines starting from July 1. From now on the production of Euro 4 gasolines will be discontinued. The first batch of Euro 5 AI-98 gasoline was produced by LUKOIL-Nizhegorodnefteorgsintez refinery in May, 2011. Thus, LUKOIL is well ahead of the requirements of the state technical regulations as regards the deadline for the commencement of Euro 5 engine fuels production. It became possible due to the active implementation of the Company’s large-scale refinery upgrading program.
LUKOIL Expands its Service Station Network in Western Europe
Agreements were signed with Verolma Group to acquire 46 service stations in the Netherlands and 13 service stations in Belgium, as well as 8 gas stations in Belgium from NGM Group. Thus, following completion of this acquisition LUKOIL will have 228 gas stations in the Benelux states (including 29 service stations owned by the dealers) of which 180 in Belgium, 46 in the Netherlands, and 2 in Luxemburg. Fuel is supplied to these gas stations from Zeeland Refinery (former TRN). LUKOIL acquired a 45% stake in this refinery in 2009.
Active Development Phase Begins at West Qurna-2 field in Iraq
LUKOIL is launching production drilling and construction of a key production facility, namely an oil processing unit at West Qurna-2 field in Iraq. As part of this drilling project, 23 directional wells will be constructed. Drilling operations will occur simultaneously at 5 clusters using state-of-the-art diesel electric units with a 450 ton bearing capacity, which allows to drill 5,000 meter wells without equipment remounting. The units have been specifically modified for prompt relocation within the cluster site according to the cluster slider rig scheme. The oil processing unit is being constructed along with the facilities for cluster site infrastructure development and oil gathering lines, as well as the water and power supply systems, rotation camp and a number of other infrastructure and support facilities.
LUKOIL Launches Production of New Generation Engine Oils
LUKOIL launches production of new generation LUKOIL GENESIS engine oils at the production site of Petrotel-LUKOIL refinery in Romania. Special features of LUKOIL GENESIS oils include low sulphur, phosphorus and sulphate ash content. Therefore they are fully compliant with the environmental requirements to Euro 5 and Euro 6 engine lubricants. LUKOIL GENESIS engine fuels are compliant with the level of service properties according to API SN classifications (license API No. 2523), and are licensed in accordance with GM Dexos2. Besides, the products were officially approved by a number of car manufacturers.
LUKOIL's Social and Cultural Projects Contest Won the Award of the First National Program Entitled "Best Russian Social Projects"
The Program was initiated by the RF Ministry of Labor and Social Development, the RF Ministry of Natural Resources and Environment, the Agency for Strategic Initiatives, the World Wildlife Fund (WWF), the Forest Stewardship Council (FSC) and other NGOs. LUKOIL has been sponsoring the annual social and cultural projects contest since 2002. The contest is held in Perm Krai, the Republic of Kalmykia, the Komi Republic, Tatarstan and Mariy-El, Volgograd, Astrakhan, Nizhny Novgorod, Vologda, Vladimir Oblasts, in Khanty-Mansi Autonomous Okrug and Yamalo-Nenets Autonomous Okrug. More than 2,000 social projects totaling over RUR 360 million have been implemented over the last decade as part of the contest.