28 Facts About Lukoil

Lukoil came to believe the only way Russians could compete against western companies was to copy their business model.

In 1994, Lukoil became the first company to begin offering shares of stock on the new Russian Trading System.

In November 1995, Lukoil filed with the U S Securities and Exchange Commission to issue American depositary receipts on Western stock markets.

In 1997, Lukoil signed a contract with the Iraqi Ministry of Oil for the development and production of the second stage of the West Qurna-2 oil field.

In 1999, Lukoil acquired numerous enterprises such as the Odessa Oil Refinery in Ukraine, the Burgas Oil Refinery in Bulgaria, and KomiTEK.

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In December 2006, Lukoil announced the acquisition of 376 filling stations in six European countries: Belgium, the Czech Republic, Finland, Hungary, Poland, and Slovakia, from ConocoPhillips.

In September 2012, Lukoil created a shared service centre in the Czech Republic to provide accounting services to its subsidiaries in Belgium, Poland, and Bulgaria.

In February 2013, Lukoil sold the Odessa Oil Refinery to the Ukrainian "East European Fuel and Energy Company" .

In 2014, Lukoil sold its service stations in the Czech Republic, Slovakia, and Hungary.

On 21 April 2022, Lukoil issued a statement saying that president Vagit Alekperov had stepped down and resigned from the board of directors after 29 years.

Norway state-owned oil company Equinor exited the last of their joint ventures in Russia by withdrawing the joint venture with Lukoil and exiting the Kharyaga project on 2 September 2022.

In terms of proved oil reserves, Lukoil, according to its own information, was the sixth-largest private oil company in the world at the time.

Since 2016, Lukoil has been trying to get a development license for Nadezhda field in Baltic field, situated in Kaliningrad region aside of Continental shelf, which is booked for state companies only.

In December 2011, Lukoil established a joint venture with Bashneft to develop the Trebs and Titov oil fields.

Lukoil is involved in the implementation of 16 projects for the exploration and development of structures and deposits in the following countries:.

Lukoil owns seven oil-processing companies in Eastern Europe with total capacity of 82.

Also in March 2007, Lukoil announced it would expand the capacity in the Lukoil Neftochim Burgas refinery in Burgas, Bulgaria from 7.

Subsidiary company Lukoil-Neftekhim specializes in petrochemistry, and operates the Stavrolen, Saratovorgsintez, and the Karpatneftekhim petrochemical plants.

Together with Sibur, Lukoil-Neftekhim owns a controlling stake in the Polief plant.

Lukoil owns a number of oil and oil products terminals used for the export of oil and oil products:.

Lukoil has been titular sponsor of FC Spartak Moscow since 2000.

In February 2014, Lukoil signed an agreement with the government of Arkhangelsk Oblast about supporting Vodnik.

Lukoil has acknowledged the death in a statement saying that Ravil Maganov: "passed away following a severe illness".

Company "Lukoil" owns controlling stakes or otherwise controls the following main organizations:.

Lukoil would develop contingency plans for oil spills and implement an environmental monitoring system.

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Lukoil has been ranked as among the 14th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic.

Lukoil is on the Sectoral Sanctions Identifications list, has been linked to Russian influence in the past, and CEO Vagit Alekperov, a former oil minister, had made statements suggesting that he considers helping Russia to be a strong political ambition.

Blogger Andrei Bocharov announced a mock advertisement of Lukoil based on this accident, and rapper Noize MC wrote the song "Mercedes S666 ".