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.
In March 2006 LUKOIL launches new motor gasolines with improved performance characteristics.
Today a scientific and historic conference titled ‘The Role of Private Enterprise in the Development of Oil Industry in Russia in the Second Half of the 19th century’ was held in OAO LUKOIL head office in Moscow.
LUKOIL has launched production of gasoline which satisfies the requirements of the European Euro-3 standard.
LUKOIL Management Committee decided to transfer 100% of OOO LUKOIL-Perm charter capital from LUKOIL Overseas Holding to the parent Company.
LUKOIL Group (subsidiary companies and LUKOIL’s share in output of affiliated companies) total hydrocarbon production for 2005 reached 1.93 mln boe per day, up 5.5% y-o-y.
The Board of Directors of OAO “LUKOIL” specified the list of candidates for election of the Board of Directors and Audit Commission at the Annual General Shareholders Meeting.
Today, in LUKOIL head office in Moscow, Vagit Alekperov, President of the Company, met representatives of the banks which were part of the financing transaction for the purchase of Nelson Resources Limited.
Based on the results of a meeting in Minpromenergo (Ministry of industry and energy of Russian Federation) held on January 24, 2006, on the current status of the oil fuel supplies to the electrical power facilities, LUKOIL press-service officially states that the Company fully fulfills its responsibilities and guarantees ceaseless supplies in compliance with the previously signed contracts.
OOO LUKOIL-Nizhnevolzhskneft (100% subsidiary of LUKOIL) acquired 51% minus 1 share of OAO Primorieneftegaz.
LUKOIL opened a major multilayer oil and gas condensate field in the Severny licensed area, in the northern part of the Caspian sea. The field was discovered with the first exploration well in Yuzhno-Rakushechnaya structure, 220 km from Astrakhan.
