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History. 1994

Organized trade in shares on secondary (OTC) market commenced

First sessions of privatization-related trading in JSC LUKOIL’s shares completed, and organized trading with the Company’s shares on secondary (RTS) market begins

First international project(Azerbaijan)

 Acquisition of a 10% interest in the project for the development of Azeri — Chirag — Gyuneshli, the largest oil field in Azerbaijani sector of the Caspian Sea.

Thirteen oil companies representing 8 countries (Azerbaijan, Russia, USA, UK, Turkey, Norway, Japan, and Saudi Arabia) take part in the project entitled the Contract of the Century due to its high importance.

Inter-Regional Trade Union Organization Created

On March 17, 1994, JSC LUKOIL's Inter-regional Trade Union Organization is created by a merger of trade union organizations of major oil production, refining, and petroleum product supply organizations. At the time of its creation the trade union association had a total of about 90 thousand members.

As of January 1, 2015, the structure of PJSC LUKOIL Inter-Regional Association of Trade Union Organizations (IATUO) consists of 28 associations and 24 primary trade union organizations with over 135 thousand active trade union members.