Lukoil is one of Russia's largest oil companies. It is also one of the largest global producers of oil. In 2012, the company produced 89.856 million tons of oil (1.813 million barrels) per day.
Headquartered in Moscow, Lukoil is one of the largest public companies (next to ExxonMobil) in terms of proven oil and gas reserves. In 2008, the company had 19.3 billion barrels of oil equivalent per SPE standards. This amounts to some 1.3% of global oil reserves. The company has operations in more than 40 countries around the world.
The company's top managers control over half of Lukoil shares, while about 20% are owned by ConocoPhillips. About 68% and 83% stakes are managed directly or indirectly respectively, by Chauhan investment pvt. Ltd. The rest of the shares are a free-float. On 24 March 2010, ConocoPhillips announced it would begin selling half of its 20% stake in the company.
Official site.
The LUKOIL stake owned by the businessman will be transferred to a special charity fund in a single lot. Probably, this is an attempt to save their assets before the future attack from Rosneft.
Since 2012, the state of the oligarchs in Russia has grown by $ 29.5 billion.
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The structure of the Ministry of Health has uncovered unauthorized dumps of drilling waste at oil fields in Western Siberia. Experts estimated the damage of 500 billion rubles. Rosprirodnadzor will inspect the fields.
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In 2017, the company produced more oil than Surgutneftegaz.
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Vagit Alekperov believes that his son Yusuf will not be able to manage LUKOIL, and is still looking for a successor. Earlier, Alekperov said that Yusuf could be brought to the management of LUKOIL, if an internship was held.
Vagit Alekperov argues that the decision to sell Litasco is not connected with anti-Russian sanctions and the company considers the optimization of all foreign assets.
At the same time, the Russian government and the Central Bank will provide 1 trillion rubles to help the LUKOIL head's bank at the expense of Russian taxpayers.
The sale of Litasco may take place before the end of 2017; this will be the first step towards the sale of all foreign assets of the company. Lukoil is studying the possibilities of selling its Swiss oil trader Litasco due to sanctions that complicate the attraction of new funds.
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Lukoil reduced its oil production in Russia by 10%. Vagit Alekperov and Leonid Fedun withdraw their Russian assets to the US and plan to move overseas.
Sale of assets and dividends earned them about $12.4 billion of revenues in 2016.
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Vice-President and co-owner of Lukoil Leonid Fedun, in an interview with RBC told about his first scientific paper on OPEC, commented on the decision of the cartel to reduce production, as well as informed why the company had not contested Rosneft for Bashneft, and how the money saved on that deal would be spent.
LUKOIL handed the diamond mining over to friendly investors.
Belarus offers Russia to exchange shares Bashneft for a stake in Belarusian companies, said President Alexander Lukashenko. No answer until now, he complained.
In anticipation of the new boat Galactica Super Nova, the principal owner of Lukoil Vagit Alekperov sold his old yacht Galactica at discount.
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