News

The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term. In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the exploration areas and producing fields. In 2014, the company obtained 18 new licenses for subsoil use.

For the ninth consecutive year, LUKOIL has emerged the victor in the “Filling Station” category of a survey, “Loyalty Brand 2014”, conducted in Russia by the international publishing house Reader’s Digest. Thirty-six percent of the respondents voted in favor of LUKOIL’s filling stations. The first time LUKOIL had won a “Reader’s Digest” rating was in 2006.

The LUKOIL Board of Directors held a meeting in Moscow today to approve the key indicators of LUKOIL Group’s 2015 budget according to two scenarios in view of the macroeconomic situation.

Arkady Dvorkovich, Deputy Chairman of the Russian Federation Government, and Vagit Alekperov, OAO LUKOIL President, participated in the official commissioning of Imilorskoye Field today.

Vagit Alekperov, OAO LUKOIL President, and Georgy Kiradiev, Chairman of the Council of the International Association of LUKOIL Trade Union Organizations, signed a 2015-2017 agreement between the employer and the association, in Moscow today.

Test drive organized by "Porsche"

Since September 9, 2014, OAO LUKOIL has been increasing its gasoline supplies to the domestic market of the Russian Federation. During a three-day period, between September 9 and 11, about 6,500 tons of fuel was sold through the stock exchange above the level provided for by the joint decree of the Federal Antimonopoly Service, FAS, and the Ministry of Energy on compulsory exchange trade of petroleum products. The respective level set for LUKOIL was approximately 2,700 tons of gasoline per day.

The OAO LUKOIL BoD has reviewed the preliminary results for the first half of 2014, and budget and investment program realization progress in 2014 in Moscow today.

OAO LUKOIL has signed contracts with MOL Plc. and Norm Benzinkút Kft on the sale of assets in the Czech Republic, Slovakia and Hungary.