Lukoil


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.

Official site.
 

How Igor Sechin fell out with Vagit Alekperov

Business11.10.2018

The Rosneft-owned company, Bashneft, accuses Lukoil of overestimating the tariffs for transshipment of oil through its Varandey terminal.

Dudley's defense: why the head of BP stood up for Rosneft and Gazprom

Business11.10.2018

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.

Leonid Fedun and Vagit Alekperov sell the last major financial asset

Business05.10.2018

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.

Vagit Alekperov will give battle to Igor Sechin

Business02.10.2018

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 oilmen get super-profits from rising oil prices

Business02.08.2018

Russian oil companies are making super profits from rising oil prices. This promises an increase in dividend yield to the owners of their shares.

State Bank VTB protects its loan from the Bank of Russia

Business20.07.2018

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.

The authorities of Yugra recorded 3.5 thousand accidents at the facilities of Rosneft

Business07.07.2018

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.

Russia increased oil production to historic highs

Business06.07.2018

Oil production returned to the level of October 2016 and approached 11.2 million barrels per day.

Zarubezhneft is ready to engage in oil refining in the Balkans

Business29.06.2018

The oil state company wants to share stakes in the Bosnian oil refining assets in exchange for competencies.

Mass mortality of fish in the Yamal-Nenets Autonomous District was associated with the Lukoil field

Society22.06.2018

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.

Alekperov and Fedun will get more than a billion dollars from Lukoil

Business22.06.2018

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.

German Khan: "We are ready to sell everything at any time"

Business05.06.2018

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.

Lukoil employee accused of dollar rate jumps

Business30.05.2018

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.

Vagit Alekperov: "We are all on the lists"

Business28.05.2018

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.

The richest heirs of Russia

Business25.05.2018

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.

Leonid Fedun found a new partner for the project "Tushino-2018"

Business15.05.2018

FGC "Leader" will build apartments in the residential quarter of 90 000 square meters.

LUKOIL does not give up Taimyr

Business07.05.2018

The company can resume drilling in 2019.

Russia remained without technology for oil production in the Arctic

Business25.04.2018

The only developed Arctic field for the near future will remain Prirazlomnoye in the Pechora Sea from Gazprom Neft.

Forbes published a rating of 200 richest businessmen in Russia

Business19.04.2018

Forbes magazine published the 15th updated rating of Russia's 200 richest businessmen, whose overall condition is estimated at $ 485 billion.

Vagit Alekperov prepared a will

Business25.03.2018

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.

Putin makes billionaires

Business16.03.2018

Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.

Bloomberg estimates the growth of the state of billionaires from Russia for Putin's third term

Business16.03.2018

Only Jeff Bezos achieved the best result in a year.

Waste to 500 billion rubles: Rosneft and LUKOIL found illegal dumps

Society09.03.2018

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.

Vladimir Lisin returned to the first place in the Russian list of Forbes

Business06.03.2018

The list of richest people in Russia, according to Forbes magazine, was replaced by the leader. He became the owner of a controlling stake in the Novolipetsk Metallurgical Combine (NLMK) Vladimir Lisin. His state of the publication was estimated at 19.1 billion dollars.

Gazprom Neft took the third place in oil production in Russia

Business15.02.2018

In 2017, the company produced more oil than Surgutneftegaz.

Who got in the "Kremlin report" of the US Treasury

Society30.01.2018

In the "Kremlin report" of the US Treasury, there are more than 200 people: officials, heads of state companies and billionaires.

FSB stops enterprises in the regions hosting the 2018 World Cup

Society22.01.2018

The Federal Security Service of the Russian Federation ordered to stop industrial enterprises in the regions hosting the 2018 World Cup football matches.

In Russia, oil wells can stop

Business20.12.2017

The reason is new environmental standards, which come into force on January 1.