Volume of LUKOIL’s petroleum product wholesale business in Russia in
the accounting year was 11.6 million tonnes, which is 6% more than in
Export of petroleum
products declined by 6.2% in 2012 to 22.5 million tonnes as deliveries of
medium distillates to the domestic market were increased. The structure of
exports remained unchanged in the reporting year: company exports were dominated
by diesel fuel, fuel oil and gasoil, which together accounted for 89% of total
product export volumes. The Company’s petroleum product export structure mainly
corresponds to the structure of product exports from Russia as a
Railway remained the chief means of transport for Group exports of
petroleum products (about 77% of the total). Products were carried by railway to
the Vysotsk terminal, via which 10.5 million tonnes of products were dispatched
in 2012 (including 0.01 million tonnes of vacuum gasoil, 2.0 million tonnes of
diesel fuel and 6.9 million tonnes of fuel oil).
Exports of petroleum products were also carried by river and sea
transport, and by pipeline (13 and 10% of export volumes
is rapidly developing its international petroleum product trading
business, increasing both scale of the business and international
diversification. LUKOIL has trading offices in nine countries worldwide and
makes deliveries of crude oil and petroleum products to markets in Europe, the
USA and the Asia-Pacific region, as well as increasing its sales volumes in new
regions (Africa, Latin America and the Middle East). The Company had trading
business in 90 countries worldwide during the reporting
Petroleum product retail
LUKOIL’s retail network operated in 27 countries at the start of
2013, including Russia, CIS and European countries, as well as the USA. The
network included 183 storage facilities with total reservoir capacity of 2.7
million cubic meters and 5,928 filling stations (including
Retail sales of petroleum products through owned and leased filling
stations increased by 1.1% in the reporting year compared with 2011 to a level
of 15.9 million tonnes.
Increase of overall retail sales volumes of petroleum and gas
products was due to 6.5% increase of volumes on the Russian market in comparison
with 2011, caused by growth of demand for high-quality fuels as vehicle
ownership in Russia increases.
As of January 1, 2013 LUKOIL’s retail network in Russia consisted of
2,368 filling stations (including franchises) and 03 storage facilities with reservoir capacity of 1.03 million cubic meters. The filling stations and storage facilities are
operated by 7 petroleum product supply organizations, which do business in 62 of
Russia’s administrative regions.
Starting from the third quarter of 2012, high-octane gasoline
(regular and premium) at the Company’s refineries had been producing in
accordance with the requirements of technical regulations of the Russian
Federation Class 5 (Euro 5).
LUKOIL’s retail network in the CIS (outside Russia), Europe, and the
USA consists of 3,560 filling stations (including franchises) and 73 storage
facilities with reservoir capacity of 1.6 million cubic
The Group brought 160 new filling stations into operation in Europe
and the CIS (outside Russia) during 2012, of which 7 were newly built and 61 were acquired, and upgraded 92 filling stations.