Includes the refining, transportation and sale of crude
oil, natural gas and refined products.
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.
refineries have up-to-date conversion and enrichment facilities and produce a
wide range of high-quality petroleum products. LUKOIL’s Russian refineries are
ahead of the national average by quality of their facilities and the level of
their performance indicators, and the Group’s European refineries match the
standards of competitors.
Group’s 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
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
Company owns 4 oil refineries and 2 mini-refineries in Russia, as well as 4
Overall capacity of Russian oil refineries of LUKOIL Group at
the end of 2014 was 45.9 million tonnes per year.
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.
Power Generation business