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Company History

 

1991

Government of the RSFSR issued Decree No. 18 to establish the petroleum corporation LangepasUrayKogalymneft

 

1993

The Open Joint-stock Company LUKOIL Oil Company was founded

 

1995

Extending of geographic reach

           
1991 1992 1993 1994
1995
 

1996-2000

2001-2005

2006-2010

2011-2014

       
 

1992

Charter capital of AO LUKOIL was formed

 

1994

First international project

 

1995

Pursuant to the RF Government’s Resolution No. 861 of September 1, 1995 the Company’s charter capital was extended with the controlling stakes of nine oil-producing, distribution and service companies of Western Siberia, the Urals and the Volga region. In the same year, Atlantic Richfield Company of the U.S. became a large shareholder of OAO LUKOIL’s, purchasing 7.99% of the Company’s stock. In 1995, LUKOIL extended its geographic reach by entering oil-producing projects in Egypt and Kazakhstan. In Russia, the Company launched a large-scale seismic survey in the Northern and Middle Caspian Sea. Russia’s President Boris Yeltsin awarded OAO LUKOIL President Vagit Alekperov with the Order of Friendship for his service to the state and a significant contribution to the development of the fuel and energy complex.

Russia’s President Boris Yeltsin is awarding
OAO LUKOIL President Vagit Alekperov
with the Order of Friendship