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.
LUKOIL initiated a panel discussion titled «Global non-financial reporting trends in energy sector, assessment criteria and investor relations». Experts in corporate social responsibility, representatives of fuel and energy companies, EU authorities thoroughly studied LUKOIL's experience in making the Sustainability Report.
Today at the meeting in Moscow the Board of Directors of PJSC “LUKOIL” tentatively approved 2017 Annual Report for the submission to the Annual General Shareholders Meeting.
In the first four months of 2018, LUKOIL produced 109 thousand tonnes of motor gasolines in excess of the plan established by a quadripartite agreement between Russia's oil majors, the Federal Antimonopoly Service, the Federal Agency for Technical Regulation and Metrology and the Federal Agency for Environmental, Technological and Nuclear Supervision.
A new Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day was signed by LUKOIL and the Basra Oil Company. The experience acquired by the Company in the region, the existing infrastructure and cost compensation within the project development from the current production will ensure maximum efficiency of the project implementation.
LUKOIL has completed the installation of the wellhead platform's topside as part of Yury Korchagin field Phase 2 development in the Russian sector of the Caspian Sea.
LUKOIL announces redemption of 5-year issue notes worth 1.5 billion USD with a coupon of 3.416 % per annum.
The Intellectual Capital Support System, a process management procedure used throughout LUKOIL Group’s refining assets, became the winner in the “Corporate Intellect” category at the National Contest "Creating the Future".
Today LUKOIL has commissioned a Gas Processing Complex at the Kandym fields cluster in Uzbekistan.
LUKOIL has raised a USD 660 million loan with a ten years maturity to finance a part of the incurred construction costs for gas processing plant at the Kandym field in the Republic of Uzbekistan.