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.
Over 9 months of 2000 net income of OAO LUKOIL and its 22 main subsidiaries included in the combined statements amounted to RUB46.8bn compared to RUB15.9bn for 9m99.
OAO LUKOIL Ukhtaneftepererabotka (Ukhta refinery) launched a new railway overpass for light oil products loading in Ukhta today. Yuri Spiridonov, Head of the Komi Republic, and Vagit Alkperov, President of LUKOIL, attended the launching ceremony.
The Management Board of OAO LUKOIL appointed Andrei Kuzyaev President of LUKOIL Overseas Co.
Yesterday the Board of Directors of Getty Petroleum Marketing Inc. (GPM) finally approved LUKOIL's offer to acquire GPM shares at US$5 per ordinary share in cash and turned down United Refining Сompany's offer.
OAO LUKOIL was nominated the best Russian company for efficient environmental policy. That was decided by the jury of the All-Russian contest "Best Russian Companies of 2000" which is held annually by the Union of Industrialists and Entrepreneurs, Chamber of Commerce and Industry of the Russian Federation and Expert magazine.
OAO LUKOIL and Chevron Oronite Co. LLC, have signed a Protocol of Intentions (POI) affirming their intent to hold commercial discussions and carry out engineering aimed at forming a joint venture to manufacture lubricating oil additives in the LUKOIL Volgograd Refinery. The joint venture would include marketing Chevron Oronite additives in Russia and other CIS countries.
Vagit Alekperov, LUKOIL President, and Reinhart Helmke, Executive Director of the United Nations Office for Project Services (UNOPS), signed a framework cooperation agreement.
LUKOIL and KPMG announce that, LUKOIL intends to publish the financial statements of LUKOIL for 1998-1999 and the first half of 2000 within the nearest two months.
LUKOIL Board of Directors convened in Moscow today and discussed implementation of budget and investment program in 2000 and outlined main guidelines for 2001.
Today in Naryan-Mar (Nenets Autonomous District) investors of the Northern Territories project, OAO LUKOIL, OAO Arkhangelskgeoldobycha and Conoco of US, have held a presentation of the Declaration of Intentions to Create Transportation System for the Northern Territories.
