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LUKOIL is a vertically integrated oil and gas company that has the second largest proven oil reserves and production among major international non-government oil companies. It has 1% of global oil reserves and 2% of global oil production. It dominates the Russian energy sector with 16% of total Russian oil production and 16% of total Russian oil refining. Its main activities are the exploration and production of oil and gas, the production of petroleum products and petrochemicals, and the marketing of these outputs.