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LUKOIL oil company LUKOIL - ALWAYS MOVING FORWARD
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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 LUKOIL Social Code of 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 the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved
hydrocarbon reserves globally.

LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Companys market leadership.


LUKOIL today

 Over 2% of global production of crude oil

 Nearly 1% of world proved oil reserves

 16.4% of Russian crude oil production and 15.7% of Russian crude oil refining

 Biggest Russian privately owned company (Forbes) with over $144 bln revenue and net income nearly $5 bln at the end of 2014
Group business is divided between four main segments: Exploration and Production; Refining, Marketing and Distribution; Petrochemicals; Power Generation



Exploration & Production business segment

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

Proved hydrocarbon reserves at the end of 2014 were 17.6 bln boe (+1.1% y-o-y).

90% of Companys proved reserves and 87% of marketable hydrocarbon production at the end of 2014 were in Russia. The Company is also taking part in oil & gas production projects in 6 countries outside Russia.

   

The greater part of exploration work by the Company is concentrated in the Timan-Pechora oil and gas province, Western Siberia and the Volga region (including the Caspian Sea).

Most activity is concentrated in four federal districts of the Russian Federation: the North-West, the Volga, the Urals and the Southousand. Western Siberia is the Companys main oil production region
(48.2% of LUKOIL Group oil production) and its main resource base (53.7% of the proved oil reserves of LUKOIL Group).


International projects represent 10.0% of the Companys proved reserves and 13.4% of its production
of marketable hydrocarbons.

LUKOIL Annual Report p.19    

Data Book p. 6, 19

Fact Book  p. 10, 16

 

       
Refining & Marketing business segment


Includes the refining, transportation and sale of crude oil, natural gas and refined products.

By developing the refining & marketing, petrochemicals and power generation segments 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.

Company refineries have up-to-date conversion and enrichment facilities and produce a wide range of high-quality petroleum products. LUKOILs Russian refineries are ahead of the national average by quality of their facilities and the level of their performance indicators, and the Groups European refineries match the standards of competitors.

LUKOIL Groups gas-processing plants process associated petroleum gas (APG) and natural gas liquids extracted in Russia into marketable gas (fed into the national pipeline system of Gazprom) and liquid hydrocarbons. Gas processing ensures efficient use of associated petroleum gas by transforming it into marketable product, offering additional profit without any substantial raw material costs.
 

LUKOIL has oil refineries in 5 countries (including share in Zeeland refinery). Overall capacity of LUKOIL Group refineries at the end of 2014 was 77.7 million tonnes per year.

The Company owns 4 oil refineries and 2 mini-refineries in Russia, as well as 4 gas-processing plants. 


Overall capacity of Russian oil refineries of LUKOIL Group at the end of 2014 was 45.9 million tonnes per year.

 

 LUKOIL Annual Report p.41
 Data Book p. 38, 50
 Fact Book  p. 37-47

                    

 


PETROCHEMICALS

Petrochemicals are the most complex end of the processing business for an oil company. LUKOIL owns petrochemical capacities in Russia (Saratovorgsintez and Stavrolen), Ukraine (Karpatneftekhim), and Bulgaria (LUKOIL Neftochim Burgas, a refinery with its own petrochemical facilities). 

Production volumes at petrochemical plants of LUKOIL Group amounted to 668 th. tonnes in 2014.

LUKOIL Annual Report  p.45
Data Book  p. 55
Fact Book  p. 48


Power Generation business sector


LUKOIL Groups generating assets are mainly located in the Southern Federal District of Russia. The Group also operates supporting (smallscale)
generating assets with a total installed capacity of c. 700 MW. These generating facilities are mainly located in Western Siberia and in the Republic of Komi.

Most of the Groups renewable energy assets are located in Russia (four hydroelectric stations with total installed capacity of 297.8 MW, which produced 865 mln kWh of electricity in 2014), Bulgaria and Romania (wind farms with capacity of 208 MW, which produced 536 mln kWh of power in 2014).


LUKOIL Annual Report  p.46
Data Book   p. 52
Fact Book  p. 51



Corporate Responsibility

Aware of its responsibility to local communities for the sustainable use of water resources and preserving the environment, LUKOIL seeks to conform with the highest environmental protection and industrial
safety standards.

In 2014, LUKOIL spent more than $1.5 bln on environmental security, concentrating on increasing APG utilization, reducing air emissions, decreasing contaminated lands and waste water discharge.  


We also do all we can to ensure safe and comfortable working conditions for our employees. 2014 saw a strong decline in the number of workplace accidents, the Group carried on with its efforts to improve workplace conditions.


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

LUKOIL Annual Report  p. 58                                                                                                                                            
Data Book p. 60



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