In 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,319 thousand boe per day, which is 3.8% higher year-on-year. In the fourth quarter of 2018 production increased by 1.9% quarter-on-quarter and averaged 2,371 thousand boe per day.

The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company's preliminary 2018 results and set priorities for 2019​. It was emphasized at the meeting that the Company successfully accomplished the first year's interim goals within the ten-year strategy and achieved significant progress in delivering key projects and strategic initiatives.​

LUKOIL’s cumulative production of oil in the Russian part of the Caspian Sea has exceeded 20 million tonnes.