Lukoil is one of Russia's largest oil companies. It is also one of the largest global producers of oil. In 2012, the company produced 89.856 million tons of oil (1.813 million barrels) per day.
Headquartered in Moscow, Lukoil is one of the largest public companies (next to ExxonMobil) in terms of proven oil and gas reserves. In 2008, the company had 19.3 billion barrels of oil equivalent per SPE standards. This amounts to some 1.3% of global oil reserves. The company has operations in more than 40 countries around the world.
The company's top managers control over half of Lukoil shares, while about 20% are owned by ConocoPhillips. About 68% and 83% stakes are managed directly or indirectly respectively, by Chauhan investment pvt. Ltd. The rest of the shares are a free-float. On 24 March 2010, ConocoPhillips announced it would begin selling half of its 20% stake in the company.
The company magazine identified the largest business structures that benefited from Western sanctions against Russia.
The court invalidated the FAS decision on the price of transshipment at the Varandey terminal.
The head of LUKOIL estimated this sum as a loss of profit from fixing the cost of fuel on the Russian market in the last 4 months.
The package is estimated at 83 billion rubles.
Vagit Alekperov's company is trying to merge its assets.
The Rosneft-owned company, Bashneft, accuses Lukoil of overestimating the tariffs for transshipment of oil through its Varandey terminal.
The head of BP, Bob Dudley, said that restrictions on Rosneft (at BP 19.75%), Gazprom and LUKOIL, similar to sanctions against UC Rusal Oleg Deripaska, will not be imposed. Otherwise, the power system of Europe is waiting for the collapse, he warned.
The structures of Leonid Fedun and Vagit Alekperov put up Kapital Asset Management Group for sale - shareholders are afraid of a repetition of the 2008 crisis against the background of reduced profits. Among potential buyers of the asset - Promsvyazbank.
Experts anticipate another battle of the titans with the participation of the main hero of corporate wrestling, Igor Sechin. While the asset is a convincing Victoria over Vladimir Yevtushenkov and a vague victory over points in the dispute with the shareholders of the Sakhalin-1 project.
Russian oil companies are making super profits from rising oil prices. This promises an increase in dividend yield to the owners of their shares.
Andrei Kostin's bank was dissatisfied with the transfer of Amaznoye Arkhangelskgeoldobycha to the repayment of debts "The Holding's opening" in 335 billion rubles. In this case, the fate of VTB's loan of 1.45 billion dollars "is sagging" to the beneficiary of the holding Vadim Belyaev. With this money he bought the company from LUKoil.
Natural monitoring of the Khanty-Mansiysk Autonomous Okrug (KhMAO) recorded in 2017 more than 3,500 accidents on the pipelines of oil companies, including oil spills, with 3,496 of them from Rosneft. But in Rosneft this is refuted, arguing that there were no accidents.
Oil production returned to the level of October 2016 and approached 11.2 million barrels per day.
The oil state company wants to share stakes in the Bosnian oil refining assets in exchange for competencies.
Vagit Alekperov's company could have caused a massive fish freeze in the spawning river. Local residents and scientists associate it with the works at the Pyakyakhinskoye deposit of LUKOIL. YANAO officials are afraid to investigate the incident.
In total, Lukoil will direct 44% of its 2017 IFRS profit to dividends, which amounted to 419 billion rubles. Vagit Alekperov and Leonid Fedun will have 1,077 billion dollars.
Member of the Supervisory Board of Alfa Group, Herman Khan, talked about his attitude to the Kremlin list, the reasons for increasing the role of the state in business and how much the Wintershall DEA could cost.
A Lukoil financier and his partner from the Cyprus company Ronin Europe Ltd turned an insider scheme that led to sharp fluctuations in the dollar exchange rate in December 2015, the Bank of Russia reports.
In an interview at the St. Petersburg Economic Forum, Vagit Alekperov, President of LUKOIL, spoke about future prices for gasoline and oil, Iran's influence on the market, about sanctions and how long it will take for a successor.
Forbes presented the rating of the heirs of the richest businessmen of Russia for the third time. The first place was taken by Yusuf Alekperov, the second place was occupied by the children of Leonid Mikhelson, "bronze" - in the son and daughter of Andrei Melnichenko.
FGC "Leader" will build apartments in the residential quarter of 90 000 square meters.
The company can resume drilling in 2019.
The only developed Arctic field for the near future will remain Prirazlomnoye in the Pechora Sea from Gazprom Neft.
Forbes magazine published the 15th updated rating of Russia's 200 richest businessmen, whose overall condition is estimated at $ 485 billion.
The LUKOIL stake owned by the businessman will be transferred to a special charity fund in a single lot. Probably, this is an attempt to save their assets before the future attack from Rosneft.
Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.
Only Jeff Bezos achieved the best result in a year.
The structure of the Ministry of Health has uncovered unauthorized dumps of drilling waste at oil fields in Western Siberia. Experts estimated the damage of 500 billion rubles. Rosprirodnadzor will inspect the fields.