Lukoil

Wolgodeminoil, the joint venture between Wintershall Dea and RITEK, a subsidiary of the Russian oil and gas producer LUKOIL, is to become wholly owned by RITEK. On 27 May 2021, Wintershall Dea transferred its 50 per cent stake to its long-standing partner in southern Russia by mutual agreement. The transfer has …

Alexander Trembitsky, Chairman of the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor), and Vagit Alekperov, President of LUKOIL, met today at Rostechnadzor’s headquarters and signed a framework Cooperation Agreement. The document defines main cooperation domains, such as development of data exchange via modern information systems, organizing of …

LUKOIL Lubricants Central Asia LLP, a manufacturer of LUKOIL lubricants, signed a contract for the supply of lubricants to the North Caspian Operating Company NV (NCOC), an operator of the largest offshore oil and gas fields in Kazakhstan. LUKOIL won the company’s tender, becoming a supplier of lubricants for equipment …

PJSC “LUKOIL” released its condensed interim consolidated financial statements for the three-month period ended March 31, 2021 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2021 4Q 2020   1Q 2021 1Q 2020 (RUB bln) 1,876.5 1,530.3 Sales 1,876.5 1,666.0 314.4 189.6 EBITDA 314.4 150.8 157.4 29.4 Profit (loss) for …

LUKOIL is among the winners of the annual Russian Business Leaders: Dynamics, Responsibility, Sustainability contest, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP). The jury noted the Company’s achievements by awarding it a win in the Excellence in Sustainable Development Reporting category. LUKOIL has been among the pioneers of non-financial reporting in …

LUKOIL-Technologies (100% subsidiary of PJSC LUKOIL) approved a Collective Agreement. The document regulating social and labor relations and mutual obligations of the employees of the enterprise and the employer was adopted for the first time. The document was signed by Rinald Khamidullin, General Director of OOO LUKOIL-Technologies, and Irina Savelyeva, Chairman of …

Mayor of Moscow Sergei Sobyanin and President of LUKOIL Vagit Alekperov took part in today’s opening of LUKOIL Corporate Museum’s public exhibit. The exhibit became part of the LUKOIL museum complex along with the restored Oil Pavilion at VDNKh. The grand opening commemorates the 300th anniversary of Russian oil industry and …

The delegation of the Republic of Kazakhstan visited LUKOIL’s facilities in the Astrakhan region. Among the delegation members were Chairman of the Management Board of the Samruk-Kazyn Sovereign Wealth Fund Almasadam Satkaliyev, Vice-Minister of Energy of the Republic of Kazakhstan Zhumabay Karagaev, and Chief Executive Officer of KazMunayGas National Company Alik Aidarbayev. With LUKOIL …

Today at the meeting in Moscow the Board of Directors tentatively aproved the Annual Report of PJSC “LUKOIL” for 2020 for its submission to the Annual General Shareholders Meeting. The Annual Report has been prepared in line with the best international practices, recommendations of the Corporate Governance Code and the …

In the first quarter of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as to …