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LUKOIL oil company LUKOIL - ALWAYS MOVING FORWARD
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Company MissionCompany MissionGeneral Information General Information Global trends in oil & gas markets to 2025Global trends in oil & gas markets to 2025Company History Company History History of the BrandHistory of the BrandSubsidiariesSubsidiariesInsurance Strategy and PolicyInsurance Strategy and PolicyOAO LUKOIL Personal Data Processing PolicyOAO LUKOIL Personal Data Processing 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 LUKOILTo Insiders of OAO LUKOILPress 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)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 USAOfficial ceremony to mark the commencement of production at West Qurna-2 oilfield in Iraq. 29.03.2014Official ceremony to mark the commencement of production at West Qurna-2 oilfield in Iraq. 29.03.2014Dmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013Dmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011The 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, 2008Mounting 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 2004Exercises Kaliningrad 2004Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoEnvelopesEnvelopesStampsStampsReportsReportsFor Investors and AnalystsFor Investors and AnalystsFor ShareholdersFor ShareholdersGeneral Shareholders MeetingsGeneral Shareholders MeetingsShareholders EquityShareholders EquitySecurities trading statisticsSecurities trading statisticsFCA DisclosureFCA 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 ContactsContactsKomi (2014)Komi (2014)Perm (2013)Perm (2013)Lower VolgaLower VolgaUzbekistanUzbekistanPerm (2003)Perm (2003)Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILInvestment calculatorInvestment calculatorDividendsDividendsInformation for DR holders Information for DR holders 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 ReservesExplorationExplorationField Development and ProductionField Development and ProductionProspective Projects Prospective Projects 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 Creative TeamsSupport for Museums and Creative TeamsPublishing ProjectsPublishing ProjectsSupport for Religious ConfessionsSupport for Religious ConfessionsTargeted AssistanceTargeted AssistanceCorporate VolunteeringCorporate VolunteeringOAO LUKOIL's Special Projects OAO LUKOIL's Special Projects Corporate Sporting Events Corporate Sporting Events Company Policy Company Policy Caring for the Environment Caring for the Environment cological monitoringcological 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
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General Information

LUKOIL is one of major international vertically-integrated oil & gas companiesaccounting for 2.1% of global output of crude oil.


The current strong position of the Company 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       2.1% of global production of crude oil

ü     1st largest privately owned oil & gas company in the world by proved oil reserves

ü     2nd largest privately owned oil & gas company in the world by oil production

ü       16.6% of Russian crude oil production and 16.5% of Russian crude oil refining  

ü       Biggest Russian oil business group with over $141 billion revenue and net income in excess of $7 billion in 2013

 

Exploration & Production business segment

LUKOIL is implementing oil & gas exploration and production projects in 14 countries.


Proved reserves as of December 31, 2013 were 17.4 billion boe.


90.7% 
of Companys proved reserves and 90.2% of marketable hydrocarbon production as of end of 2013 are in Russia. The Company is also taking part in oil & gas production projects in 7 countries outside Russia.


Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the Southousand The Company's main resource base and oil production region is Western Siberia 
which accounted for 44% of proved hydrocarbon reserves and 48% of LUKOILs hydrocarbon production.


International projects 
account for 9.3% of Companys proved hydrocarbon reserves and 9.8% of marketable hydrocarbon production.


Exploration & Production business segment in depth
:

ü        LUKOIL Annual Report  - p. 19-20

ü        Data book p. 7

ü        Data book p.22

ü        Fact book p. 23-25

 

Refining & Marketing business 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.


Has oil refineries in 5 countries (including Zeeland Refinery). Overall capacity of LUKOIL Group refineries at the end of 2013 was 77.2 million tonnes 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 2013 was 45.4 million tonnes 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 27 countries.


Refining & Marketing business segment in depth
:

ü        LUKOIL Annual Report  - p. 45-46

ü        Data book p. 39-41

ü        Data book p. 60-64

ü        Fact book p. 53

Power Generation business 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 and Romania.


LUKOIL Group has power generating capacity of 
4.6 GW. The Groups electricity output, excluding small-scale generating in 2013 totalled 15.billion kWhHeat production in 2013 was 13.6 million Gcals.


Power Generation sector in depth
:

ü        LUKOIL Annual Report  - p. 56-57

ü        Data book p. 54-56

ü        Fact book p. 78-80


Corporate Responsibility

LUKOIL appreciates the scale of its responsibility to society for the rational use of natural resources and the preservation of favorable environmental conditions. The Company therefore adheres to the highest standards of environmental protection and industrial safety.


In 2013, LUKOIL spent more than $1.3 billion on environmental security. In 2013 the Company also developed a new program of environmental safety for the period 2014-2018, it envisages over 600 actions with total cost of more than $4 billion.


We also do all we can to ensure safe and comfortable working conditions for our employees. LUKOIL Group improved its figures for injuries at work in 2013. Loss of work time, the accident rate and the number of employees suffering injury were all reduced in comparison with the previous year.


Group social policy is designed to increase labor efficiency, realize the full potential of employees and ensure their
social welfare. We take the interests and needs of our employees seriously and try to ensure that everyone who works for LUKOIL is committed to achieving the best results for the Company.


Social and charity programs
are among the Companys most important strategic tasks, since they help to ensure

constructive partnership with central and local government and with local communities. In 2013 LUKOIL spent more than $98 million on sponsorship, charity and social investments.


Corporate Responsibility in depth
:

ü        LUKOIL Annual Report  - p. 69-83

ü       Data book p. 65



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