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.

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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.

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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.

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Press Release

LUKOIL PRODUCES ONE HUNDRED MILLION TONNES OF OIL SINCE THE BEGINNING OF THE YEAR

Tuesday, December 29, 2015

For the first time in the company's history, PJSC LUKOIL has as of today stepped over the boundary of 100 million tonnes of produced oil annually.

The increase in LUKOIL's production in 2015, versus the previous year, amounted to 3.5% or 3.4 million tonnes.

This was made possible through the oil production increase in the European part of Russia (in particular – in the Timan-Pechora and Perm Regions, northern Caspian) and West Qurna-2 field in Iraq.