About

BUSINESS MODEL

LUKOIL is a global vertically integrated company accounting for around 2% of global oil production and around 1% of proved hydrocarbon reserves.

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EXPLORATION AND PRODUCTION

Exploration

LUKOIL is a leader by proved liquid hydrocarbon reserves and by proved reserves to production ratio. The majority of LUKOIL reserves are of conventional type.

14
COUNTRIES
OF THE WORLD
76%
share of oil
24%
share of oil
in proved
reserves
Offshore projects
(0.3 to 3,000 m)
and onshore
projects

Development and production

We develop reserves located, inter alia, in major oil and gas provinces in Russia, Uzbekistan and Iraq, producing liquid hydrocarbons (oil and gas condensate), natural and associated petroleum gas.

  • Climate zones: from subarctic to equatorial
  • Leadership in development of hard-to-recover reserves in Russia
Around
17%
share of international projects production in total hydrocarbon production

REFINING

Our refineries product mix is used as fuel for various means of transport, as well as feedstock for other industries.

6
COUNTRIES
OF THE WORLD
89%
Oil refinery yield

Oil refining

4 oil refineries in Russia and 4 — in EuropeLUKOIL owns a 45% share in the Dutch refinery
  • Products: motor fuel, lubricants and bitumen, bunker and jet fuel

Gas processing

4 gas processing plants and 2 processing facilities at other plants in Russia.
  • liquid hydrocarbon and marketable gas

Petrochemicals

2 petrochemical plants in Russia and 2 production facilities at European oil refineries.
  • pyrolysis and organic synthesis products, fuel fractions and polymeric materials

POWER GENERATION

The power generation sector is represented by a complete chain from generation to transmission and sale of thermal and electric energy to external consumers.

Thermal power plants and boiler houses in the south of Russia, 4 hydroelectric power plants, solar and wind power generation stations

Electric power generation

71%
commercial generation
29%
supporting power generation
6%
RES share in total commercial power generation

MARKETING AND DISTRIBUTION

LUKOIL is a major crude oil and marketable gas trader and a supplier of premium quality fuels and lubricants.

>100
COUNTRIES OF THE WORLD
International trading: wholesale marketing of our crude oil and petroleum products, trading third-party hydrocarbons
lubricants production and marketing: 35 production facilities, over 800 types of lubricants
Retail sales: fuel stations network
19
countries of the world
Marine and river bunkering
Aircraft refueling
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EXPLORATION AND PRODUCTION

Exploration

LUKOIL is a leader by proved liquid hydrocarbon reserves and by proved reserves to production ratio. The majority of LUKOIL reserves are of conventional type.

14
COUNTRIES
OF THE WORLD
76%
share of oil
24%
share of oil
in proved
reserves
Offshore projects
(50 to 2,500 m)
and onshore
projects

Development and production

We develop reserves located, inter alia, in major oil and gas provinces in Russia, Uzbekistan and Iraq, producing liquid hydrocarbons (oil and gas condensate), natural and associated petroleum gas.

  • Climate zones: from subarctic to equatorial
  • Leadership in development of hard-to-recover reserves in Russia
Around
17%
share of international projects production in total hydrocarbon production

REFINING

Our refineries product mix is used as fuel for various means of transport, as well as feedstock for other industries.

6
COUNTRIES
OF THE WORLD
89%
Oil refinery yield

Oil refining

4 oil refineries in Russia and 4 — in EuropeLUKOIL owns a 45% share in the Dutch refinery
  • Products: motor fuel, lubricants and bitumen, bunker and jet fuel

Gas processing

4 gas processing plants and 2 processing facilities at other plants in Russia.
  • liquid hydrocarbon and marketable gas

Petrochemicals

2 petrochemical plants and 2 production facilities at European oil refineries.
  • pyrolysis and organic synthesis products, fuel fractions and polymeric materials

POWER GENERATION

The power generation sector is represented by a complete chain from generation to transmission and sale of thermal and electric energy to external consumers.

4 hydroelectric power plants, thermal power plants and boiler houses in the south of Russia, solar, wind and hydro power generation stations

Electric power generation

71%
commercial generation
6%
RES share in total commercial power generation
29%
supporting power generation

MARKETING AND DISTRIBUTION

LUKOIL is a major crude oil and marketable gas trader and a supplier of premium quality fuels and lubricants.

>100
COUNTRIES OF THE WORLD
International trading: wholesale marketing of our crude oil and petroleum products, trading third-party hydrocarbons
lubricants production and marketing: 35 production facilities, over 800 types of lubricants
Retail sales: fuel stations network
19
countries of the world
Marine and river bunkering
Aircraft refueling
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