Lukoil Oil Company
laureate of RusPrix 2010 in nomination "The best Russian investment project in The Netherlands"
LUKOIL is one of the worlds leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company`s exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe, near-abroad countries. The Company`s products are marketed in Russia, Eastern and Western Europe, in near-abroad countries and USA.

LUKOIL is the second largest private oil Company worldwide by proven hydrocarbon reserves. The Company has around 1% of global oil reserves and 2.4% of global oil production. LUKOIL dominates the Russian energy sector, with 18.6% of total Russian oil production and 18.9% of total Russian oil refining.

LUKOIL proven reserves at the beginning of 2010 were 13,696 mln barrels of crude oil and 22,850 bcf of natural gas, totaling 17,504 mln boe.

LUKOIL has an outstanding portfolio of production assets. The main production region for LUKOIL Group is Western Siberia. LUKOIL is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote dIvoire, Ghana and Iraq.

With putting into operation the Nakhodkinskoye gas field in 2005 the Company started its gas program which targets at a rapid growth of gas production in Russia and abroad and increase in the share of gas to a third of total hydrocarbon production by LUKOIL. The key regions for development of LUKOIL gas production are the Bolshekhetskaya Depression, the Northern Caspian and Tsentralno-Astrakhanskoye field in Russia as well as the Kandym Khauzak Shady project in Uzbekistan and the Shakh Deniz project in Azerbaijan.

LUKOIL owns significant oil refining capacity both in Russia and abroad. In Russia the company owns four large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod. Total capacity of LUKOIL facilities in Russia is 45.1 mln tons of oil per year. LUKOIL also has refineries in Ukraine, Bulgaria, Romania, and a 49% stake in ISAB refining complex (island of Sicily, Italy) and a 45% stake in TRN refinery in the Netherlands with total capacity of 26.4 mln tons per year. In 2009 LUKOIL refined 62.70 mln tons of oil at its own refineries, ISAB complex and TRN refinery, including 44.46 mln tons at its Russian refineries.

LUKOIL created a new business sector in 2008: Power Generation. Creation of the new business sector is a part of the Companys Strategic development program for 20082017. By the end of 2008, LUKOILs Power generation business sector included UGK TGK-8 (acquired during the year), the Companys own power generating facilities at oil & gas fields, and also a number of power generators in Bulgaria, Romania and Ukraine. Output of electrical energy during 2009 by LUKOIL organizations was in excess of 14.7 billion kilowatt-hours, output of heat energy more than 16.9 million Gcal. In the long-term the Power Generation is going to attain a significant role in cash flow maximization and shareholder value increase.

At the beginning of 2010 the Company`s marketing network encompassed 26 countries, including Russia, the near-abroad and European countries (Azerbaijan, Belarus, Georgia, Moldova, Ukraine, Bulgaria, Hungary, Finland, Estonia, Latvia, Lithuania, Poland, Serbia, Montenegro, Romania, Macedonia, Cyprus, Turkey, Belgium, Luxemburg, Czech Republic, Slovakia, and Croatia, Bosnia and Herzegovina) as well as the USA and includes 199 tank farm facilities with total capacity of 3.13 million cubic meters as well as 6,620 filling stations, including franchises.

Welcome letter of Deputy Prime Minister of the Russian Federation A.V. Dvorkovich to participants of RusPrix Award
Welcome letter of President of Chamber of Commerce of the Russian Federation E.M. Primakov to laureates of RusPrix Award
Welcome letter of Minister of Economic Affairs of the Netherlands M.J.A. van der Hoeven to laureates of RusPrix Award
Welcome letter of Deputy Prime Minister of the Russian Federation A.V. Gordeev to laureates of RusPrix Award
2010 - 2018 © RusPrix Award