LUKOIL overview

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.

Corporate Profile

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LUKOIL has over 20 years of sustainble growth experience, and is one of the leading companies in the Russian oil & gas industry.

Company

Global Energy Perspectives to 2050

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The company’s vertical integration ensures efficient operations across all segments and helps achieve strategic goals for the benefit of all stakeholders.

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LUKOIL prides itself on enriching the lives of consumers by providing highest quality petroleum products, which are distributed via retail centers and LUKOIL filling stations.

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In its activities the Company pursues the sustainable development principles and aims to ensure a good balance between socio-economic and environmental development.

Sustainability

Press Release

LUKOIL CONTINUES TO RESTRUCTURE ENERGY ASSETS

Wednesday, April 6, 2011

The OAO LUKOIL Management Committee resolved to withdraw OOO Dagestanenergo from OOO LUKOIL-Rostovenergo.

To enhance the ownership structure and energy asset management, Dagestanenergo will be completely withdrawn from the Company through disposal of 100% of its registered capital.

ООО Dagestanenergo comprises the Makhachkala TPP with a rated electric capacity of 18 megawatt, the heating networks in Makhachkala stretching over 159.8 kilometers and the Kaspiyskaya TPP with a rated electric capacity of 18 megawatt.