On November 25, 1991, the Government of the Russian Soviet Federal Socialist Republic issued Regulation No. 18 to create LangepasUrayKogalym (LUKOIL) oil industry group that consolidated three oil production enterprises of Kogalym, Langepas and Uray, as well as several refineries, including those in Perm and Volgograd.
The name LUKOIL was formed from the initial letters of the names of Langepas, Urai and Kogalym cities — home to the Company's major oil producing subsidiaries. The name was proposed by Ravil Maganov who was then director general of Langepasneftegaz.
