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Oil Refining

         Oil refining in depth:


2011 Annual Report

Adobe PDF version (8.80 MB)


LUKOIL Group continued rapid development of its oil refining business in 2011 through modernization and expansion of refining capacities.

 

Russian Refineries


Crude oil throughput at refineries in Russia owned by LUKOIL Group was 45.3 million tonnes in 2011, which is 0.1% more than in 2010. The share of high-octane gasoline in total output of gasoline at Group refineries in Russia (not including mini-refineries) rose to 96.2% in 2011 (from 91.5% in 2010). Light-product yield was 52.0% (48.5% in 2010).


Scheduled work continued in 2011 at all of the Group’s Russian refineries to re-equip and automate production processes, improve energy efficiency, and enhance industrial and environmental security. Capital expenditures at Company’s refineries in Russia were $586 million in the reporting year (against $542 million in 2010).

Foreign Refineries


Refinery throughputs in 2011 at LUKOIL Group’s international refineries, including the Group’s share of refining at the ISAB and Zeeland complexes, were 19.6 million tonnes, which is 6.3% less than in 2010. The decrease was due to stoppage of the Odessa Refinery at the end of 2010.


Light product yield (not including ISAB and Zeeland) was 67.8% (66.0% in 2010). Irretrievable losses at foreign refineries amounted to 0.7% in 2011. Capital expenditures for modernization of the Group’s foreign refineries were $197 million in 2011 ($160 million in 2010).

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