THROUGHPUTS AT LUKOIL OWN REFINERIES IN RUSSIA INCREASED BY 10.1% HYDROCARBON PRODUCTION AVAILABLE FOR SALE TOTALED 2.21 MLN BOE PER DAY
Wednesday, August 8, 2007
LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale totaled 2.21 mln boe per day in the first half of 2007, up 92 th. boe per day, or 4.3%, y-o-y.
Crude oil output of LUKOIL Group totaled 1,981 th. bpd* (up 4.1% y-o-y), or 48.53 mln tons. LUKOIL subsidiary companies produced 47.24 mln tons of crude, up 5.2% y-o-y. Natural and associated gas output of LUKOIL Group available for sale was 7.03 bcm, which is 6.1% more than in the first half of 2006.
Throughputs at the Company’s own refineries in Russia grew by 10.1% y-o-y, to 20.61 mln tons, whereas throughputs at own foreign refineries decreased by 1.5%. The decrease of throughputs at the foreign refineries was due to a planned upgrade of the Burgas refinery. LUKOIL refined 25.15 mln tons of crude at the Company’s own refineries in Russia and abroad, up 7.8% y-o-y.
| Hydrocarbon production available for sale, th. boe per day | |||
| 1H 2007 | 1H 2006 | Change | |
| LUKOIL Group output: | 2,210 | 2,118 | +4.3% |
| Including | |||
| Crude oil output * | 1,981 | 1,903 | +4.1% |
| Petroleum and natural gas output** | 229 | 215 | +6.1% |
| Crude oil output, th. tons | |||
| 1H 2007 | 1H 2006 | Change | |
| LUKOIL Group output: | 48,528 | 46,688 | +3.9% |
| Including | |||
| Subsidiary companies | 47,241 | 44,888 | +5.2% |
| Share in affiliated companies | 1,287 | 1,800 | -28.5% |
| Russia: | 45,585 | 43,968 | +3.7% |
| Including | |||
| Subsidiary companies | 45,368 | 43,177 | +5.1% |
| Share in affiliated companies | 217 | 791 | -72.6% |
| International projects: | 2,943 | 2,720 | +8.2% |
| Including | |||
| Subsidiary companies | 1,873 | 1,711 | +9.5% |
| Share in affiliated companies | 1,070 | 1,009 | +6.0% |
| LUKOIL Group output, th. bpd* | 1,981 | 1,903 | +4.1% |
| * Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields. | |||
| ** Conversion ratio from cubic meters to barrels of oil equivalent is1,000 cubic meters = 5.885 boe. | |||
| Gas output available for sale, mcm | |||
| 1H 2007 | 1H 2006 | Change | |
| LUKOIL Group output: | 7,030 | 6,627 | +6.1% |
| Including | |||
| Subsidiary companies | 6,921 | 6,526 | +6.1% |
| Share in affiliated companies | 109 | 101 | +7.9% |
| Russia: | 6,352 | 6,015 | +5.6% |
| Including | |||
| Subsidiary companies | 6,336 | 6,000 | +5.6% |
| Share in affiliated companies | 16 | 15 | +6.7% |
| International projects: | 678 | 612 | +10.8% |
| Including | |||
| Subsidiary companies | 585 | 526 | +11.2% |
| Share in affiliated companies | 93 | 86 | +8.1% |
| LUKOIL Group output**, th. boe per day | 229 | 215 | +6.1% |
| ** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cubic meters = 5.885 boe. | |||
| Refinery throughputs***, th. tons | |||
| 1H 2007 | 1H 2006 | Change | |
| Owned refineries | 25,146 | 23,318 | +7.8% |
| Russia | 20,606 | 18,711 | +10.1% |
| International | 4,540 | 4,607 | -1.5% |
| Third-party refineries | 2,23 | 2,412 | -7.5% |
| *** Including mini-refineries. | |||
| This information is based on preliminary operating data which may be adjusted and corrected during preparation of LUKOIL financial accounts for the first half of 2007. Therefore, the figures in this press-release may differ from operating statistics which will be published together with the financial accounts. |
