LUKOIL Becomes Leader of ESG-Indices
PJSC LUKOIL became one of the leaders of ESG-indices of Russian Union of Industrialists and Entrepreneurs (RSPP): Responsibility and Transparency and Sustainability Vector. The 2022 index participant list was compiled on the basis of RAEX-600 Top 100 rating of the largest Russian companies and the Moscow Exchange Index companies list. …
LUKOIL Completes Acquisition of Russian Retail and Lubricants Assets of Shell
The final agreement on acquisition of Shell’s Russian retail and lubricants assets was signed in Moscow. The assets include the chain of filling stations primarily located in the Central and Northwestern federal districts of Russia, and lubricants blending plant located in Tver region. The sale was approved by Russia’s Federal …
Shell Signs Agreement to Sell Retail and Lubricants Businesses in Russia
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC LUKOIL. The deal includes 411 retail stations, mainly located in the Central and Northwestern regions …
LUKOIL: Completes the Deal on Acquiring Interest in Shah-Deniz Project
PJSC LUKOIL announces completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion of the deal, LUKOIL increased its share in the project from 10% to 19.99%. Other parties to the project are bp …
Gazprom Neft: 2021 Net Profit Reaches an All-time High
Gazprom Neft (the “сompany”) has today published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2021 (FY 2021). Gazprom Neft’s financial performance for FY2021 was at an all-time high, with revenue reaching ₽3.068 trillion in FY2021, up 53.5% y-o-y. Adjusted EBITDA1 (earnings before interest, taxes, depreciation, and amortisation) reached ₽986.1 billion, …
LUKOIL: Completes Reserves Estimate as of the End of 2021
PJSC “LUKOIL” announced today the results of the reserves assessment and independent audit as of December 31, 2021. According to the SEC classification, the Company’s proved hydrocarbon reserves totaled 15.3 billion barrels of oil equivalent. The Company’s proved hydrocarbon reserve life is 19 years. The share of liquids in proved …
LUKOIL: Reports Preliminary Operating Data for the Fourth Quarter and Twelve Months of 2021
In 2021 LUKOIL Group’s hydrocarbon production excluding the West Qurna-2 project was 2,161 thousand boe per day, which is 4.7% higher year-on-year, while in the fourth quarter of 2021 hydrocarbon production increased by 7.6% quarter-on-quarter. The production growth was attributable to the dynamics of the external limitations on oil production …
President of Kazakhstan Receives Head of LUKOIL
Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, received Vagit Alekperov, head of LUKOIL Company, today in the city of Nur-Sultan. The parties discussed ongoing projects in Kazakhstan involving LUKOIL, as well as a number of promising projects that could boost cooperation between Russia and Kazakhstan in fuel and energy …
President of LUKOIL Meets with Head of Kazmunaygas
Vagit Alekperov, President of PJSC LUKOIL, had a meeting today with Alik Aidarbayev, Chairman of the Management Board of JSC NC KazMunayGas, in Nur-Sultan. The meeting took place during Vagit Alekperov’s working visit to the Republic of Kazakhstan. The parties discussed current cooperation issues and business opportunities. Among other things, …
LUKOIL and Gazprom Neft Sign Binding Agreement as Part of Joint Venture Creation
PJSC LUKOIL and PJSC Gazprom Neft concluded sale and purchase agreement for 50% equity share of Meretoyakhaneftegaz LLC, a Gazprom Neft wholly owned subsidiary. The contract was signed as part of creating a joint venture to develop a large oil and gas cluster in the Nadym-Pur-Tazovsky area of the Yamal-Nenets Autonomous …