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.
Vagit Alekperov, President of PJSC LUKOIL, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a cooperation agreement. The agreement aims at increasing the efficiency of Tatarstan fuel and energy complex, improving investment environment in the region, expanding its mineral resources base, promoting stability and environmental improvement.
LUKOIL continues its work to reduce controlled greenhouse gas emissions at its production facilities. The Company began supplying electricity to its Stavrolen petrochemical plant (Budennovsk, Stavropol region, Russia) from LUKOIL's own solar power plant (SPP) located at its Volgograd refinery. About 11 million kWh are expected to be supplied annually.
LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. Following completion of the sale, LUKOIL's interest in the project will increase from 10% to 25.5%.
Vagit Alekperov, President of PJSC LUKOIL, and Andrey Khlopyanov, acting First Deputy Chairman of the Government of Stavropol region, took part in today's foundation stone ceremony for the second stage of Gas Processing Unit (GPU-2) at the Stavrolen petrochemical plant in the city of Budennovsk.
LUKOIL signed an agreement on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Caspian Sea from bp. The deal is expected to complete before the end of 2021, following its approval by the government of Azerbaijan.
LUKOIL adopted a revised technical policy on energy efficiency and reduction of greenhouse gas emissions. In compliance with the requirements of climate legislation, the policy will be applied at the Company's enterprises in Russia.
Agreement on creation of new joint venture to
develop a large oil and gas cluster in the Yamal-Nenets
Autonomous District was signed by Vagit Alekperov and Alexander Dyukov in presence of Alexey Miller, Chairman of the Management
Committee of Gazprom. The
joint venture will be based at Meretoyakhaneftegaz
LLC and will be the first entity to be managed by LUKOIL and Gazprom Neft on a parity basis.