LUKOIL is one of the biggest international vertically integrated oil and gas companies. It specializes in exploration and development of oil and gas fields, refining, sales of petroleum products, petrochemicals and electric power.

LUKOIL was established in 1991 as a state concern. In 1993 it became an open joint-stock company. Currently LUKOIL is absolutely private. Its shares are traded on the Moscow Interbank Currency Exchange, London Stock Exchange and U.S. over-the-counter market. 20% of shares are owned by ConocoPhillips – one of LUKOIL’s strategic partners.

LUKOIL is ranked second among private international oil and gas companies in terms of proven reserves and sixth in terms of hydrocarbon production. Reserves life is one of the longest in the world and constitutes around 30 years.

LUKOIL operates in 60 regions of Russia and in more than 40 foreign countries.
The main volume (almost 115 mln tones annually) of hydrocarbons is produced in Russia. At the