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.
OAO LUKOIL President Vagit Alekperov and AK Sibur President Iakov Goldovsky have signed a cooperation agreement.
In the 1 half 2000 LUKOIL and its 22 subsidiaries reported a combined net income of RUB36.497bn (compared to RUB11.988bn in the same period of 1999).
An engineering company, Miller and Lents (USA), has completed an independent evaluation of oil and gas reserves of OAO LUKOIL in Russia and abroad as of January 1, 2000.
August 21, 2000. - LUKOIL's ice-breaking tanker has been loaded today at Varandey, a village situated on Pechora Sea shore line in Nenets Autonomous Okrug. The vessel carrying 10.000 tons of crude will for the first time follow the way, defined by the new marine transportation route for exports of crude from Timan-Pechora oil-and-gas - beating province.
On August 3, 2000 Moscow arbitration court ruled that the tax agency's decision to arraign LUKOIL for tax evasion was illegal.
The representatives of the oil companies, YUKOS and LUKOIL, and OAO Gazprom have announced a foundation of the Caspian Oil Company (COC) and signed the charter documents of the new company in Moscow today.
LUKOIL President Vagit Alekperov and Ukrainian President Leonid Kuchma had a meeting in Kiev on July 14, 2000.
LUKOIL has completed a development of the Corporate Program aimed at Environmental Rehabilitation of Soiled Lands and Prevention of Oil Spills at OAO Komineft throughout 2000-2005.
LUKOIL has presented a new generation of motor oils of in Moscow today.
Ravil Maganov, First Vice President of LUKOIL, and Alexander Dzhaparidze, President of PetroAlliance service company, have signed a contract to develop an integrated corporate network for oil and gas reservoir prospecting and engineering in Moscow today.