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.
President of LUKOIL Vagit Alekperov and the Head of the Republic of Kalmykia, Alexey Orlov, signed a Protocol to the Cooperation Agreement between the company and the region for 2019. The protocol envisages reconstruction and re-equipment of the concert and cinema halls in Elista, renovation of several public facilities and involvement of the company in holding the contest of its Social and Cultural Projects.
President of LUKOIL Vagit Alekperov and the Governor of Tver Region, Igor Roudenya, signed a Cooperation Agreement for five years, in Russian Investment Forum in Sochi.
The fake letters with offers to purchase petroleum products, illegally bearing the company's trademarks and brand identity, are distributed on behalf of the General Director of LUKOIL's refinery in the city of Nizhny Novgorod. Remember to double-check the information you receive against the LUKOIL official web sites.
Drilling of new production wells has started at West Qurna-2 field as part of the second development phase. 54 wells at Mishrif formation and 3 wells at Yamama formation will ramp up production at the field in accordance with recent contacts.
In 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,319 thousand boe per day, which is 3.8% higher year-on-year. In the fourth quarter of 2018 production increased by 1.9% quarter-on-quarter and averaged 2,371 thousand boe per day.
Results of a self-contained motor rally across Antarctica, supported by LUKOIL, were finalized in Moscow today. More than 5,500 kilometers of off-road terrains with no access to fuel or food supplies were covered in thirty nine days, which makes the rally an unprecedented endeavor.
President of LUKOIL Vagit Alekperov and Governor of the Nenets Autonomous District Aleksandr Tsybulsky signed a Protocol to the Cooperation Agreement between the company and the region for 2019.
President of LUKOIL Vagit Alekperov and the Governor of the Yamalo-Nenets Autonomous Okrug, Dmitry Artyukhov, signed a Supplemental Cooperation Agreement for 2019.
LUKOIL has commissioned a 24-megawatt hydroelectric power-generation unit at the Belorechensk Hydroelectric Power Plant, Krasnodar Region, Russia, and started to supply power to the wholesale market as part of the power plant Reconstruction Phase I.