LUKOIL

LUKOIL Group is a private international energy company with revenues of about US$ 100 billion, operating in more than 40 countries. Its activities include exploration and development of oil and gas fields, production and marketing of petroleum products, petrochemicals, thermal and electric energy. LUKOIL holds leading positions among the world’s private oil and gas companies in terms of proven hydrocarbon reserves and production levels. LUKOIL is listed on the LSE and the over-the-counter market in the US. LUKOIL’s mission is the rational use of natural resources to the benefit of people by preserving a favourable environment. Its strategy for development to 2021 provides for stable growth of hydrocarbon production at a level of not less than 3.5% per year. Its main increment of production is expected for prospective projects in Iraq, Central Asia, the Caspian Sea and Russia. LUKOIL is the only Russian company exploring the deepwater shelf of the Gulf of Guinea. The company also implements green energy projects in hydro, wind and solar energy.