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.
Today in Moscow LUKOIL President Vagit Alekperov and Governor of the Vologda region Vyacheslav Pozgalev signed a protocol outlining a cooperation program between the Company and the region for 1999-2001. The protocol is a follow-up on the cooperation agreement signed on February 10, 1997.
OAO LUKOIL ensured a coupon payment on the convertible bonds issued by its Dutch affiliated company LUKINTER FINANCE B.V.
Today LUKOIL’s Board of Directors held in Moscow considered an issue on the postponement of the AGM.
A ceremony of setting afloat the upgraded Astra (formerly Marava) jack-up rig took place today in Astrakhan.
Today in Moscow President of LUKOIL Vagit Alekperov and Governor of the Saratov region Dmitri Ayatskov signed a Protocol stipulating for LUKOIL-Neftechem’s intention to acquire the assets of Nitron petrochemical plant. This Protocol is a follow-up on the cooperation agreement signed between the government of the Saratov region and LUKOIL on June 25, 1997.
Today in Moscow Vagit Alekperov, President of LUKOIL, and Andrey Kazmin, Chairman of the Board of Russia’s Sberbank (State Savings Bank), signed a General Cooperation Agreement.
April 16, 1999. Vagit Alekperov, President of LUKOIL, and Milos Zeman, Czech Prime Minister, discussed the outlook for cooperation between the Russian oil company and the Czech Republic during their meeting today.
The LUKOIL Board of Directors held a meeting today to consider the way the strategic concept of the Company`s development for the years 2005-2010 is implemented. The Board of Directors introduced amendments and additions into the Concept.
LUKARCO, being a joint venture between LUKOIL (54%) and Atlantic Richfield Co. of US (46%), in accordance with the 1998-1999 Work Plan conducted a 2D seismic survey at the D-222 prospective oil block in the Caspian Sea. To further understanding of the structure and optimize drilling locations for the first exploration wells, a 3D seismic survey was conducted in the central part of the structure.
LUK-Sintez Oil Ltd. acquired a controlling interest (51.9%) of the Odessa oil refinery.