www.lukoil.com  /  Company Information  /  General Information homesite mapsettingsregistration
LUKOIL oil company LUKOIL - ALWAYS MOVING FORWARD
Íà ðóññêóþ âåðñèþ (www.lukoil.ru)
Company Information
Corporate Governance
Press Centre
Investor and Shareholder Center
Reserves and Production
Oil Refining
Power Generation
Product Deliveries and Marketing
Social Policy
Environment
LUKOIL's Internet Projects
Contacts
Company MissionCompany MissionGeneral Information General Information Company History Company History History of the BrandHistory of the BrandSubsidiariesSubsidiariesInsurance Strategy and PolicyInsurance Strategy and PolicyInquiry FormInquiry FormBoard of Directors Board of Directors Committees of the Board of DirectorsCommittees of the Board of DirectorsManagement Committee Management Committee Stakes of BoD Members and Management Committee MembersStakes of BoD Members and Management Committee MembersRemuneration of Directors and Management Committee MembersRemuneration of Directors and Management Committee MembersDividendsDividendsInternal Documents of the CompanyInternal Documents of the CompanyCorporate Governance ReportCorporate Governance ReportTo Insiders of OAO “LUKOIL”To Insiders of OAO “LUKOIL”Press ReleasesPress ReleasesSpeeches, articles, interviewsSpeeches, articles, interviewsVideoVideoPhotoPhotoBooklets and BooksBooklets and BooksCorporate collectionCorporate collectionSubscriptionSubscriptionContactsContactsVideoVideoPromotional MaterialsPromotional MaterialsTilt-shift videoTilt-shift video3D Animation3D AnimationPersonalitiesPersonalitiesExploration and productionExploration and productionOff-shore projectsOff-shore projectsRefiningRefiningLUKOIL-II Distribution and transfer terminalLUKOIL-II Distribution and transfer terminalPetroleum Product MarketingPetroleum Product MarketingLUKOIL in the USALUKOIL in the USAEventsEventsCommand and staff exercisesCommand and staff exercisesCentral office of OAO LUKOIL in MoscowCentral office of OAO LUKOIL in MoscowDiplomas, CertificatesDiplomas, CertificatesV. I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Odessa Refinery (Ukraine)Odessa Refinery (Ukraine)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USAIgor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009Igor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Construction of Varandey TerminalConstruction of Varandey TerminalCommissioning of a catalytic reforming installation at the Volgograd RefineryCommissioning of a catalytic reforming installation at the Volgograd RefineryNakhodkinskoye gaz field commissioningNakhodkinskoye gaz field commissioningOil Spill Response Exercise in the Caspian SeaOil Spill Response Exercise in the Caspian SeaInternational training exercises at Varandey oil export terminalInternational training exercises at Varandey oil export terminalAnti-terrorism exercises at Vysotsk oil terminalAnti-terrorism exercises at Vysotsk oil terminalInternational anti-terrorism exercises at Volgograd RefineryInternational anti-terrorism exercises at Volgograd RefineryInternational exercise at RPK-Vysotsk LUKOIL-IIInternational exercise at RPK-Vysotsk LUKOIL-IIFire-prevention trainings in Kaliningrad RegionFire-prevention trainings in Kaliningrad RegionExercises “Kaliningrad 2004”Exercises “Kaliningrad 2004”Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoEnvelopesEnvelopesStampsStampsReportsReportsFor Investors and AnalystsFor Investors and AnalystsFor ShareholdersFor ShareholdersGeneral Shareholders MeetingsGeneral Shareholders MeetingsShareholders EquityShareholders EquitySecurities trading statisticsSecurities trading statisticsFSA DisclosureFSA DisclosureFinancial ReportsFinancial ReportsLUKOIL Annual ReportsLUKOIL Annual ReportsLUKOIL Data BooksLUKOIL Data BooksLUKOIL Fact BookLUKOIL Fact BookSustainability ReportSustainability ReportCorporate Governance ReportCorporate Governance ReportFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsPresentationsPresentationsFinancial CalendarFinancial CalendarInvestment calculatorInvestment calculatorAnalyst CoverageAnalyst CoverageInvestor Trips to Sites Investor Trips to Sites ContactsContactsLower VolgaLower VolgaUzbekistanUzbekistanPerm Perm Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILInvestment calculatorInvestment calculatorDividendsDividendsDepositary Receipts Depositary Receipts FAQFAQContactsContactsAnnual General Shareholders MeetingAnnual General Shareholders MeetingExtraordinary General Shareholders Meeting Extraordinary General Shareholders Meeting History of Share Capital History of Share Capital ShareholdersShareholdersCompany SecuritiesCompany SecuritiesShare price informationShare price informationDebt securities price informationDebt securities price informationShare price historyShare price historyInvestment calculatorInvestment calculatorOil and Gas ReservesOil and Gas ReservesExplorationExplorationOil ProductionOil ProductionGas Production Gas Production Oil RefiningOil RefiningOils and lubricantsOils and lubricantsGas Processing Gas Processing PetrochemicalsPetrochemicalsCrude Oil DeliveriesCrude Oil DeliveriesGas DeliveriesGas DeliveriesPetroleum Product MarketingPetroleum Product MarketingPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Charity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programSupport for Orphanages and Educational Establishments for ChildrenSupport for Orphanages and Educational Establishments for ChildrenEducation Programs Education Programs Support for Medical Institutions Support for Medical Institutions Social Project ContestSocial Project ContestSupport for Museums and Folk GroupsSupport for Museums and Folk GroupsPublishing ProjectsPublishing ProjectsSupport for Religious ConfessionsSupport for Religious ConfessionsTargeted AssistanceTargeted AssistanceCorporate VolunteeringCorporate VolunteeringOAO LUKOIL's Special Projects OAO LUKOIL's Special Projects SpartakiadeSpartakiadeCompany Policy Company Policy Caring for the Environment Caring for the Environment Åcological monitoringÅcological monitoringCertificationCertificationImplementing the Kyoto ProtocolImplementing the Kyoto ProtocolGreen InitiativesGreen InitiativesNew Generation Motor FuelNew Generation Motor FuelUtilization of Associated Petroleum GasUtilization of Associated Petroleum GasGreen News LukoilGreen News LukoilRenewable energyRenewable energyAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' Websites
 Search  
General Information

LUKOIL is a major international vertically-integrated oil & gas company, accounting for 2.2% of global output of crude oil.


The strong position, which the Company enjoys today, is the fruit of 20 years work to expand the reserve base, increasing business scale by seeking out and executing strategic transactions
.


LUKOIL today

ü       2.2% of global production of crude oil

ü     The largest privately owned oil & gas company in the world by proved oil reserves

ü     4th largest privately owned oil & gas company in the world by oil production

ü       16.6% of Russian crude oil production and 17.7% of Russian crude oil refining 

ü       One of the biggest Russian oil business groups with $133 billion revenue and net income in excess of $10 billion


Exploration & Production segment

LUKOIL is implementing oil & gas exploration and production projects in 12 countries.


Proved reserves as of December 31, 2011 were 17.3 billion barrels of oil.


90.5%
of Company’s proved reserves and 90.5% of marketable hydrocarbon production are in Russia.


The Company is also taking part in projects in 5 countries outside Russia.


Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the South.


The Company's main resource base and oil production region is Western Siberia
which accounted for 42% of proved hydrocarbon reserves and 49% of LUKOIL’s hydrocarbon  production in 2011.


International projects
account for 9.5% of Company’s proved hydrocarbon reserves and 9.5% of marketable hydrocarbon production.


Refining & Marketing segment

Refining & marketing is LUKOIL's second major business segment.


By developing this segment the Company lowers its exposure to high price volatility on the crude oil market and enhances its competitive position in main business regions by production and sale of high-quality petroleum products with high value-added.


LUKOIL currently produces a wide range of high-quality petroleum and gas products and petrochemicals, selling them via wholesale and retail in over 30 countries.


Has oil refineries in 6 countries (including share in the ISAB refinery complex and Zeeland Refinery).


Overall capacity of LUKOIL Group refineries at the end of 2011 was 73.5 mln tons of crude oil per year.


The Company owns 4 oil refineries and 2 mini-refineries in Russia, as well as 4 gas-processing plants. The Company's Russian assets also include 2 petrochemical plants.


Overall capacity of Russian oil refineries of LUKOIL Group at the end of 2011 was 45.3 mln tons per year (332 mln barrels per year).


LUKOIL currently produces a wide range of high-quality petroleum and gas products and petrochemicals, selling them via wholesale and retail in over 30 countries.


LUKOIL produces a first batch of automotive gasoline to Euro-5 standards.
This was made possible by commissioning of a hydrofluoric alkylation unit as part of catalytic cracking complex at the Nizhny Novgorod Refinery. Euro-5 gasoline ensures so-called ‘clean exhaust’, reducing emission of sulphur oxides and the products of incomplete combustion of aromatics (including the particularly dangerous carcinogen and mutagenic, benzopyrene).


Power Generation sector

Power Generation sector comprises all aspects of power generation, including delivery and marketing of electrical energy and of heat produced at power plants. The nucleus of the segment is the Russian power generating company, UGK TGK-8, which was acquired by LUKOIL in 2008, but it also includes companies producing electricity and heat in Bulgaria, Romania, and Ukraine.


LUKOIL Group has power generating capacity of
3.5 GW. The Group’s electricity output in 2011 totalled 12.billion kWh. Heat production in 2011 was 15.2 million Gcals.


Innovation policy

Innovation and the application of new technologies are among the main competitive strengths of LUKOIL. The Company’s specialists both design new technologies and work to modernize existing technologies.


Total Research and Development financing increased in 2011 and accounted for more than $140 million (comparing with more than $120 million in 2010). Organizational transformation of LUKOIL’s scientific project capacities was completed in 2011. Four regional institutes were taken into LUKOIL-Engineering, which established five branches in different geographical regions where it has activities. The institutes, which are the core of LUKOIL’s scientific project capacity, carried out R&D work, project studies and other work with total value of $310 million in 2011.


A LUKOIL working group was set up in 2011 to consider issues associated with participation in the Russian Government’s Skolkovo innovation project. Work was carried out during the year on selection of scientific and technology projects, which have been recommended for implementation as part of joint work with the Skolkovo Innovation Center. Joint scientific research work between OJSC RITEK ( LUKOIL subsidiary) and the Skolkovo Center is scheduled in 2012–2014.


The Group continued to work closely in 2011 with the Russian Corporation of Nanotechnologies (RUSNANO) on commercialization of nanotechnologies and their application in the oil and gas industry. OJSC RITEK carried out joint work with RUSNANO during the accounting year on innovative developments for extraction of difficult reserves in Bazhenov formations
.



LUKOIL oil company, e-mail:webmaster@lukoil.com Disclaimer homesite mapsettingsregistration