History:
LUKOIL is the second largest company in the world by proven records of hydrocarbons. Presently the company owns 1.3% of global oil reserves which results in 2.1% of the global oil production. The company 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 ranked 76th in the FORTUNE 500 list of global companies recently.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/sale of these processed outputs. Exploration and production is primarily based in Russia, more specifically in western Siberia and Timan-Pechora.The company is also carrying out exploration and production in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Iran, Columbia, Venezuela and Iraq. Oil refining, likewise, is pursued in both Russia and abroad, in countries like Ukraine, Bulgaria, and Romania.
Performance:
LUKOIL achieved sales worth $55,774 million in 2005. The Net Income of the company during the fiscal 2005 was $ 6,443 million. A brief comparative breakup of the performance of the company over the last fiscals is given below:
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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 |
Assets & Infrastructure:
LUKOIL has four 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 of 10 marketing entities, which operate in 59 regions of Russia.Organization:
LUKOIL is headed by Mr. Valery Grayfer, who is the company Chairman. Mr. Vagit Y. Alekperov is the company President and Director. The company had an employee count of 145,400 in 2005.| Limousine Company | LG | LM Ericsson | La Poste | Ladbrokes | Lafarge | Lehman Brothers Holdings | Lennar | Loews | L'Oréal | Lockheed Martin | Liberty Mutual Ins. Group | Lloyds TSB Group | Lagardère Groupe | Lowe's | Lufthansa Group | Lukoil | Lyondell Chemical | Lear | Legal & General | Landesbank Baden – Württemberg | | |||||||
