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Company MissionCompany MissionGeneral Information General Information Company History Company History ShareholdersShareholdersCorporate GovernanceCorporate GovernanceSubsidiariesSubsidiariesFSA DisclosureFSA DisclosureInsurance Strategy and PolicyInsurance Strategy and PolicyInquiry FormInquiry Form20082008200720072006200620052005200420042003200320022002200120012000 - 19912000 - 1991Board 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 CompanyFinancial ReportsFinancial ReportsLUKOIL Annual ReportsLUKOIL Annual ReportsLUKOIL Data BooksLUKOIL Data BooksLUKOIL Fact BookLUKOIL Fact BookPress ReleasesPress ReleasesSpeeches, articles, interviewsSpeeches, articles, interviewsVideoVideoPhotoPhotoSubscriptionSubscriptionPersonalitiesPersonalitiesExploration 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 LUKOILConstruction of LSP-1 (ice-resistant stationary platform) for Yuri Korchagin field in the Caspian SeaConstruction of LSP-1 (ice-resistant stationary platform) for Yuri Korchagin field in the Caspian SeaOffshore 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 USACommissioning 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 commissioningInternational 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”Annual General Shareholders MeetingAnnual General Shareholders MeetingPresentationsPresentationsInvestor Trips to Sites Investor Trips to Sites Financial CalendarFinancial CalendarFinancial and Operating InformationFinancial and Operating InformationLUKOIL Stock QuotesLUKOIL Stock QuotesShareholders EquityShareholders EquityAnalyst CoverageAnalyst CoveragePerm Perm Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsShareholdersShareholdersOil and Gas ReservesOil and Gas ReservesExplorationExplorationProductionProductionInternational Exploration and ProductionInternational Exploration and ProductionOil transportationOil transportationDomestic RefiningDomestic RefiningInternational RefiningInternational RefiningNatural Gas Processing Natural Gas Processing PetrochemicalsPetrochemicalsPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Social Report of OAO LUKOILSocial Report of OAO LUKOILCharity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programCompany Policy Company Policy Caring for the Environment Caring for the Environment Åcological monitoringÅcological monitoringCertificationCertificationAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' WebsitesOnline Periodicals Online Periodicals Post cardsPost cardsSecuritiesSecuritiesPhotoPhoto
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General Information

LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern Europe and near-abroad countries. Most of the Company's production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, near-abroad countries and the USA.

LUKOIL is the second largest private oil Company worldwide by proven hydrocarbon reserves. The Company has around 1.3% of global oil reserves and 2.3% of global oil production. LUKOIL dominates the Russian energy sector, with almost 19% of total Russian oil production refining.

LUKOIL proven reserves at the beginning of 2007 were 15,715 mln barrels of crude oil and 27,921 bcf of natural gas, totaling 20,369 mln boe.

LUKOIL has an outstanding portfolio of production assets. The main production region for LUKOIL Group is Western Siberia. LUKOIL is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote d’Ivoire, Ghana and Iraq.

With putting into operation the Nakhodkinskoye gas field in 2005 the Company started its gas program which targets at a rapid growth of gas production. The key regions for development of LUKOIL gas production are the Bolshekhetskaya Depression, the Northern Caspian and Tsentralno-Astrakhanskoye field in Russia as well as the Kandym – Khauzak – Shady project in Uzbekistan (put into production in 2007) and the Shakh Deniz project in Azerbaijan.

LUKOIL owns significant oil refining capacity both in Russia and abroad. In Russia the company owns four large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod. Total capacity of LUKOIL facilities in Russia is 44.5 mln tons of oil per year. LUKOIL also has refineries in Ukraine, Bulgaria, and Romania, with total capacity of 14.0 mln tons per year. In 2007 LUKOIL refined 52.16 mln tons of oil at its own refineries, including 42.55 mln tons at its Russian refineries.

At the beginning of 2008 the Company's marketing network encompassed 24 countries, including Russia, the near-abroad and European countries (Azerbaijan, Belarus, Georgia, Moldova, Ukraine, Bulgaria, Hungary, Finland, Estonia, Latvia, Lithuania, Poland, Serbia, Montenegro, Romania, Macedonia, Cyprus, Turkey, Belgium, Luxemburg, Czech Republic, and Slovakia) as well as the USA and includes 197 tank farm facilities with total capacity of 3.11 million cubic meters as well as 6,090 filling stations, including franchises.



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