I'm interested in

The page will reload with new widgets as you request.

02.11.2007 Statement re Preliminary Operating Results

02.11.2007 
Statement re Preliminary Operating Results  

THROUGHPUTS AT LUKOIL OWN REFINERIES IN RUSSIA INCREASED BY 9.5%. HYDROCARBON PRODUCTION AVAILABLE FOR SALE TOTALED 2.18 MLN BOE PER DAY
 
LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale totaled 2.18 mln boe per day in nine months of 2007, up 43 th. boe per day  y-o-y.

Crude oil output of LUKOIL Group totaled 1,967 th. bpd* (up 2.3% y-o-y), or 72.7 mln tons. LUKOIL subsidiary companies produced 70.8 mln tons of crude, up 3.5% y-o-y. Natural and associated gas output of LUKOIL Group available for sale was 9.95 bcm, which is 0.4% less than in nine months of 2006.

LUKOIL production growth rates were impacted by the sale in the end of April of a 50% stake in Caspian Investments (former Nelson Resources), engaged in hydrocarbon exploration and production inKazakhstan, as well as by the limitations placed by Gazprom on natural gas intake.

Throughputs at the Company’s own refineries in Russia grew by 9.5% y-o-y, to 31.51 mln tons, due to LUKOIL refining capacity expansion and modernization as well as high refinery margins in Russia . Despite a temporary decrease in refinery throughputs due to a scheduled turnaround at the Burgas refinery, throughputs at own foreign refineries remained almost unchanged and totaled 7.13 mln tons in nine months of 2007. LUKOIL refined 38.64 mln tons of crude at the Company’s own refineries in Russia and abroad, up 7.6% y-o-y. 

Hydrocarbon production available for sale, th. boe per day

9M 20079M 2006Change
LUKOIL Group output:2,1812,1382.0%
Including
Crude oil output *1,9671,9232.3%
Petroleum and natural gas output**214215-0.4%


Crude oil output, th. tons

9M 20079M 2006Change
LUKOIL Group output:72,69571,1342.2%
Including
Subsidiary companies70,79668,3913.5%
Share in affiliated companies1,8992,743-30.8%
Russia:68,44967,0172.1%
Including
Subsidiary companies68,15665,8053.6%
Share in affiliated companies2931,212-75.8%
International projects:4,2464,1173.1%
Including
Subsidiary companies2,6402,5862.1%
Share in affiliated companies1,6061,5314.9%
LUKOIL Group output, th. bpd*1,9671,9232.3%

  * Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields.
** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cubic meters = 5.885 boe.

Gas output available for sale, mcm 

 9М 20079М  2006Change
LUKOIL Group output:9,9489,983-0.4%
Including      
Subsidiary companies9,7819,827-0.5%
Share in affiliated companies1671566.9%
       
Russia:8,8929,134-2.6%
Including      
Subsidiary companies8,8679,111-2.7%
Share in affiliated companies25239.2%
       
International projects:1,05684924.4%
Including      
Subsidiary companies91471627.7%
Share in affiliated companies1421336.6%
LUKOIL Group output**, th. boe per day214215-0.4%

 ** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cubic meters = 5.885 boe.

Refinery throughputs***, th. Tons 

 9М 20079М  2006Change
Owned refineries
38,64035,9077.6%
   Russia31,50928,7719.5%
   International7,1317,136-0.1%
Third-party refineries3,3673,700-9.0%

*** Including mini-refineries.

This information is based on preliminary operating data which may be adjusted and corrected during preparation of LUKOIL financial accounts for the third quarter and nine months of 2007. So the figures in this press-release may differ from operating statistics which will be published together with the financial accounts.

Favorites