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LUKOIL SIGNS COOPERATION AGREEMENT WITH INTERNATIONAL LABOR ORGANIZATION

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The document provides for cooperation in the area of youth employment in the Russian Federation, Azerbaijan, Kazakhstan and Uzbekistan. The accomplishment of the project is commissioned to the ILO Moscow office, responsible for 9 other CIS countries besides Russia (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Republic of Kirghizia, Tajikistan, Turkmenistan and Uzbekistan). In Russia, the project is realized in 6 regions: those of Astrakhan and Kaliningrad, in Perm Territory, the Khanty-Mansiisk Autonomous Area, the Republics of Kalmykia a... Read More »

PRESIDENT OF LUKOIL AND GOVERNOR OF NENETS AUTONOMOUS DISTRICT DISCUSS PROSPECTS FOR COOPERATION

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In 2016, under the Social Partnership Agreement, LUKOIL financed the 3rd Arctic Music Festival "Days of Classical Music in the Arctic" and construction of the first skate park in Naryan-Mar, capital of the District. The implementation of the Krasnyi Choum project continued with an aim to improve access to health care services for indigenous ethnic minorities of the North and population of remote areas of the District. LUKOIL has also paid admission and membership fees for professionals from the Nenets Autonomous District to participate in World... Read More »

LUKOIL BOARD OF DIRECTORS RESOLVES ON ANNUAL GENERAL SHAREHOLDERS MEETING AND RECOMMENDS 2016 DIVIDENDS DISTRIBUTION

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The Annual General Shareholders Meeting was recommended to approve 2016 dividend distribution in the amount of RUB 120 per ordinary share (excluding the interim dividends paid for the first nine months of 2016 in the amount of RUB 75 per share). Considering the previously paid interim dividends, total dividends for 2016 amount to RUB 195 per share, a 10.2% increase compared to the previous year dividends of RUB 177 per share. The dividend record date is proposed to be July 10, 2017. The list of persons entitled to participate in the Annual Gene... Read More »

LUKOIL RELEASES YEAR OF ECOLOGY BOOKLET

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The booklet also highlights LUKOIL’s achievements and objectives associated with lower emissions of greenhouse gases, better energy efficiency, reduced process losses, new technologies for production of lubricants and fuels, broader use of renewable energy and care for biodiversity.   The online version of the booklet is available on LUKOIL’s website in Russian and English. Printed copies will be distributed at oil and gas forums and exhibitions throughout 2017.   As President of LUKOIL Vagit Alekperov says in his address ... Read More »

LUKOIL AND RUSSIAN DEFENSE MINISTRY SIGN AGREEMENT ON SUPPORT OF ALEXANDROV SONG AND DANCE ENSEMBLE

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The document provides, in particular, that LUKOIL will offer financial assistance in rebuilding the creative potential of the Alexandrov Song and Dance Ensemble of the Russian Army. The group's facilities and equipment will be upgraded, new sound amplifiers, musical instruments, playback equipment and specially designed hardware will be purchased, while the ensemble's concert venues will be renovated and artistically redesigned. LUKOIL's funding will go to support new talents of the iconic Alexandrov company and to assist the families of ... Read More »

LUKOIL: FIRST MILLION TONS OF OIL AT FILANOVSKY FIELD

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Having already commissioned three horizontal sidetracked wells, the company is now constructing the fourth one. Alongside, facilities of the field’s second phase of development are being built: an offshore ice-resistant fixed platform (IRP-2) and a living quarter platform (LQP-2). The substructures were taken to the sea and installed at prescribed points. The annual planned production level is estimated at 6 million tons of oil. ... Read More »

LUKOIL ANNOUNCES CONSOLIDATED IFRS RESULTS FOR THE THIRD QUARTER AND NINE MONTHS OF 2016

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Financial highlights 3Q 2Q   9M 9M 2016 2016 (million rubles) 2016 2015         1,309,488 1,338,959 Sales 3,826,121 4,381,324 165,890 189,571 EBITDA*  547,453 630,418 160,436 182,681 EBITDA* excluding West Qurna-2 513,615 523,058 54,803 62,567 Profit attributable to LUKOIL shareholders 160,195 356,172 120,615 118,886 Capital expenditures i... Read More »

DMITRY MEDVEDEV CONGRATULATES LUKOIL ON 25TH ANNIVERSARY

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Dear friends!   I congratulate you on the 25th anniversary of your company.   LUKOIL is a Russian brand, well-known in our country and far beyond it. The brand is an epitome of excellent quality, reliability and stability.   A major global company, LUKOIL holds strong key positions on the global market. Not only do you improve your production capabilities and maintain a high level of production, but you invest heavily in pioneering work. You also put special emphasis on environmental protection. You are fully en... Read More »

LUKOIL AGAIN RECOGNIZED AS BEST EXPORTER BY RUSSIAN CUSTOMS AUTHORITY

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LUKOIL wins this contest for the second time in a row and for the fourth time in 11 years that this contest exists. The winner in the best exporter nomination is selected on the basis of such main criteria as customs statistical data and economic performance parameters of respective companies over the course of the year, including production volumes and foreign trade turnover, amount of customs duties payed to the federal budget, use of the customs e-declaration system and absence of customs law violations. The contest takes place every y... Read More »

PRESIDENT OF LUKOIL MEETS WITH TURKEY LEADERSHIP

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LUKOIL, which came to Turkey more than 18 years ago, is now among the country’s top ten fuel suppliers: with some 600 gas stations in operation, it ranks fifth as regards the number of retail spots. ... Read More »

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