History:
Lukoil is the second largest company in the world. Presently the company owns 1.3% of global oil reserves, which results in 2.1% of global oil production.Lukoil is a major figure in the Russian energy scenario with 18% of total oil production, and 18% of total oil refining in Russia. Lukoil was recently ranked 76th in the Fortune 500 list of global companies.
Activities:
Lukoil is a global giant in the field of energy resources. The main activities of Lukoil can be classified as production of petroleum products and petrochemicals, exploration and production of natural oil and gas, and distribution and sales of these processed outputs. Exploration and production is primarily based in Russia, specifically in western Siberia and Timan-Pechora.Lukoil is carrying out exploration and production in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Iran, Columbia, Venezuela and Iraq. Oil refining is pursued in both Russia and abroad, in countries such as Ukraine, Bulgaria, and Romania.
Performance:
Lukoil achieved sales worth $55,774 million in 2005. The net income of the company during fiscal year 2005 was $6,443 million. Comparative breakup of the performance of Lukoil the last fiscal years, assets, and infrastructure:- Lukoil has large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod in Russia, with a cumulative capacity of 41.8 million tons of oil per year.
- The sales network of Lukoil consists of 199 tank farms and 5,405 filling stations.
- The Lukoil sales network comprises 10 marketing entities, which operate in 59 regions of
Organization
Lukoil is headed by Mr. Valery Grayfer, company Chairman. Mr. Vagit Y. Alekperov is company President and Director. Lukoil had an employee count of 145,400 in 2005.
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Corporate Address:11 Sretenski Blvd.,101 000 Moscow, Russia Telephone: +7-495-928-9841 Fax: +7-495-916-0020 Website: www.lukoil.com |
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