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.
The Agreement stipulates partnership of the parties under the applicable law aimed at creating favorable conditions for development of mineral resources base, also by allocating more funds for exploration and development of hydrocarbon reserves and by increasing oil and gas production. LUKOIL and its subsidiaries also intend to take the necessary measures to utilize associated oil gas in accordance with license agreements most efficiently.
Today in LUKOIL’s head office in Moscow sponsorship agreements were signed anchoring support of the Company for Russian professional sports teams and organizations.
Over the first 10 months of 2005 3.2 mln tons of oil and 9.4 mln tons of petroleum products (3.5 mln tons of oil and 5.7 mln tons of petroleum products in the corresponding period in 2004) were transported by water traffic through marine and river oil terminals of the LUKOIL Group organizations.
An exhibition titled Ambassador Gifts for Russian Tsars is opened today in Moscow. It is another joint project of the LUKOIL Company and the Moscow Kremlin Museums.
Vagit Alekperov, LUKOIL President, and Alexander Filipenko, Governor and Chairman of Khanty-Mansy Autonomous District (KhMAO) – Yugra, signed a supplement cooperation agreement between the KhMAO Government and the Company in Moscow today.
LUKOIL ranks 9 among the European companies and 16 among the global companies in 2005 Top 250 Global Energy Company Rankings, performed by Platts, US based energy agency.
The personnel of LUKOIL has been awarded with a diploma by the Council of Federation of Russia’s Parliament for a vast contribution into strengthening of the national economy. Sergey Mironov, Chairman of the Council of Federation, handed over the gratitude diploma on behalf of the Upper Chamber of Russia’s Parliament to Valery Grayfer, Chairman of the Board of Directors of LUKOIL.
LUKOIL Board of Directors was held in Moscow today to listen to the downstream operations report. The directors also discussed procedures for securities trading by people which have access to insider information which may affect the value of LUKOIL securities.
The trading volume of the LUKOIL securities on the London stock exchange was USD 4.657 bln in October 2005.
The parties discussed results and prospects of LUKOIL operations in Iraq.
