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Company History



Signing of important agreements. Presentation of book "Oil of Russia: Past, Present and Future".



LUKERG Renew acquired a 100% interest in the Romanian company Land Power SRL



LUKOIL develops infrastructure at Pyakyakhinskoye oil-and-gas-condensate field.






2012 2013 2014 2015  


LUKOIL started production drilling at the West Qurna-2 field in Iraq



LUKOIL started commercial oil production at one of the world’s biggest oil fields, West Qurna-2, in Iraq.



In the first half of 2011 LUKOIL consummated a transaction to acquire from ERG an 11% stake in the joint venture, established to manage the ISAB refinery located in the vicinity of Priolo (Sicily). Thus, the LUKOIL stake in the joint venture rose from 49% to 60%.

As part of the Consortium, LUKOIL (80%) jointly with Vanco International (20%) signed concession agreements with the Romanian National Agency of Mineral Resources to explore and develop two blocks in the Romanian sector of the Black Sea, namely, Est Rapsodia and Trident. In addition, LUKOIL acquired a 50% stake in the production-sharing agreement for Hanoi Trough-02, a Vietnamese offshore block located in the South China Sea.

An important strategic agreement on the supply of gas from the LUKOIL fields located in the Bolshekhetskaya Depression in the Yamalo-Nenets Autonomous District and in the North Caspian Sea was signed with Gazprom.

LUKOIL and Bashneft established a joint venture to implement a project aimed at the development of major R. Trebs and A. Titov oil fields located in the Nenets Autonomous District.

A long-term cooperation agreement was also signed with Rosneft. The agreement specifically provides for joint activities aimed at the exploration, development and transportation of raw hydrocarbons in the Nenets Autonomous District and in the licensed sites of Rosneft on the Russian shelf.

In May the Company's Nizhny Novgorod refinery manufactured the first batch of Euro-5 compliant automobile gasoline.

LUKOIL and the Italian ERG Renew signed an agreement establishing a joint venture to implement projects in the renewable energy sources area, at first in Bulgaria and Romania and then in the Ukraine and Russia.

The book by Vagit Alekperov, OAO LUKOIL President, titled “Oil of Russia: Past, Present and Future” was presented in Houston. The book contains historical sketches about the establishment and development of the Russian oil industry; it touches upon the developmental stages of the Soviet oil industry and on the current state of the Russian oil and gas industry.

In April, 2011, the title of Commander of the Order of the Crown, the Belgium Royal State Award, was bestowed upon Dr. Alekperov.

Signing of important strategic agreement with Gazprom

Book by Vagit Alekperov

A long-term cooperation agreement was also signed with Rosneft The title of Commander of the Order of the Crown, was bestowed upon Dr. Alekperov