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.
Today, on World Environmental Day, the OAO LUKOIL Industrial Safety and Environment Department and a number of the Company’s employees were awarded with diplomas and badges of merit by the non-governmental V.I.Vernadsky Ecological Foundation.
LUKOIL has begun transportation of two supporting blocks to be assembled for the ice-resistant stationary platform (IRP-1) at Vladimir Filanovsky field in the Caspian Sea.
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2013.
The OAO "LUKOIL" Board of Directors granted tentative approval to the Annual Report of OAO "LUKOIL" for 2012, in Moscow today, in accordance with the Federal Law of the Russian Federation on Joint-stock Companies and the Company's Charter.
At a ceremony held in Usinsk today, Vagit Alekperov, OAO LUKOIL President, and Vyacheslav Gaizer, Head of Komi Republic, signed a 2013 Protocol to the Cooperation Agreement of November 15, 2010 between the Сompany and Komi Republic’s government.
LUKOIL and the French SNF SAS have agreed on the principal conditions to proceed with acrylamide and polyacrylamide production at Saratovorgsintez production site, a petrochemical enterprise, member of LUKOIL Group.
SNF SAS has planned a two-stage implementation for this project:
OOO LUKOIL-Westrern Siberia (a LUKOIL wholly-owned subsidiary) has begun active implementation of the “Early oil” project at the Imilorsko-Istochnoye license block. For this purpose a Governing Council has been established as part of the project, and its implementation schedule has been approved.
OAO LUKOIL announces the completion of the issuance of US$3.0 billion in Rule 144A/Regulation S notes. The offering consists of of 5-year US$1.5 billion of 3.416% notes and 10-year US$1.5 billion of 4.563% notes. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by OAO LUKOIL. OAO LUKOIL intends to use the net proceeds of the offering for general corporate purposes.
A traveling meeting of the OAO LUKOIL Board of Directors was held in Priolo (Sicily) today to make decisions regarding the 2013 Annual General Shareholders Meeting.
Among other things, the Board of Directors resolved to hold this meeting on June 27, 2013, at 11.00 am at 11 Sretensky Boulevard, Moscow, OAO LUKOIL, Vega Building, conference hall.
In view of a decline in oil and petroleum product quotes on the global markets and in line with the pricing strategies adopted by the Company, from April 18, 2013 on, LUKOIL will cut the engine fuel prices at its own filling stations, storage facilities and refineries in Russia.