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History. 1992

Authorized capital of the newly incorporated LUKoil joint-stock company created

Russian President's Order No. 1403 of November 17, 1992 "On specifics of privatization and reorganization of state-owned enterprises, production and R&D associations operating in oil, oil refining industries and petroleum product supply into joint-stock companies" determines the list of 18 enterprises whose shares are to be contributed to the authorized to the authorized capital of the newly incorporated LUKoil Joint-Stock Company.

LUKOIL is ranking among the top three global leaders in terms of oil production

Following the year's results, LUKOIL became the world's third company after Shell and British Petroleum in terms of oil production, the key operational performance indicator of global oil corporations.