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 second group of Iraqi experts (46 people) has arrived to Kogalym of Khanty-Mansiysky Autonomous Area for internship at LUKOIL West Siberia.
The Management Committee of OAO “LUKOIL” resolves to sell 100% share in ZAO “ARKTIKNEFT” (Kolguev Island, Nenets Autonomous District). The decision was taken within the Strategic Development Program till 2013 regarding reduction of production costs, optimization of assets portfolio and increase of return on investments.
In the first half of 2004 crude oil output of LUKOIL Group (subsidiary companies and LUKOIL’s share in affiliated companies, forming the Company’s consolidated financial results) totaled 42.15 mln tons, up 8.4% y-o-y.
OOO LUKOIL-Kaliningradmorneft, a 100% subsidiary of OAO LUKOIL, started commercial production at Kravtsovskoye (D-6) field in the Baltic offshore today.
Composition of the Company’s Management Committee as well as the Board of Directors’ plan of activities for 2004-2005 were approved by the meeting of OAO LUKOIL Board of Directors in Moscow today.
Today’s session of OAO LUKOIL Management Committee approved the decision to sell 100% of the charter capital of OOO LUKOIL-Bureniye, its non-core drilling asset with a par value of 573,170,000 rubles, at an open tender.
LUKOIL has published its consolidated financial statements for the three months of 2004 prepared in accordance with US GAAP.
A new trestle for oil discharge and dark oil products loading was put into operation at OAO “LUKOIL-Ukhtaneftepererabotka” today.
Moscow and London (30 June 2004) – OAO LUKOIL today announced that it has signed a binding agreement with Eni, whereby LUKOIL will buy from Eni its fifty percent interest in LUKAgip N.V. Completion is subject to certain closing conditions and is therefore expected to take place in the third quarter of 2004.
An isomerization unit with an annual capacity of 120 thousand tons was put into operation at the Odessa Refinery (OAO “LUKOIL–Odesski Refinery)” in Ukraine today.
