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What does LUKOIL stand for?

What does LUKOIL stand for?

oil-producing cities of Langepas, Uray
Its name is the combination of the acronym LUK (initials of the oil-producing cities of Langepas, Uray, Kogalym) and the English word “oil”. Lukoil is the second largest company in Russia after Gazprom, and the country’s largest non-state enterprise in terms of revenue (₽4,744 billion).

Is LUKOIL a public company?

LUKOIL is one of the largest publicly traded, vertically integrated oil and gas companies in the world accounting around 2% of the world’s oil production and around 1% of the proved hydrocarbon reserves.

Who started LUKOIL?

Vagit AlekperovLukoil / FounderVagit Yusufovich Alekperov is an Azerbaijani and Russian oligarch, businessman, and the president of the leading Russian oil company LUKOIL. Previously he worked as the First Deputy Minister of the Oil and Gas Industry of the USSR. He has an academic degree of a doctor of economics. Wikipedia

Is LUKOIL an international company?

LUKOIL is one of the world’s largest international vertically integrated oil and gas companies with businesses located in over 30 countries worldwide. Learn more about LUKOIL’s business.


PJSC LUKOIL has been operating in the U.S. retail market of petroleum products since 2000. The Company manages a distribution network in 11 states on the east coast of the country and in Washington, District of Columbia.

Who is the CEO of LUKOIL company?

Vagit Alekperov (Apr 1993–)Lukoil / CEO

What is the petroleum industry like in Russia?

Petroleum industry in Russia. Russia natural gas production (red) and exports (black). Russian crude oil production (red) and crude oil exports {black). The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves and is the largest exporter of natural gas.

What is the market capitalization of Petrol Corporation of Ukraine?

The company distributes refined petroleum products to more than 650 service stations in Ukraine, Russia and Belarus. Its market capitalization is estimated to be more than 9.7 billion dollars.

What is the largest oil company in Russia?

Rosneft. This is the largest oil company in Russia. Reports show that the company produced around 1.5 billion barrels of oil in the year 2014. Besides, the company is also ranked as the 3rd largest natural gas company in the world with a production of more than 347 million barrels of oil equivalent.

Which companies are the leading suppliers of jet fuel in Russia?

Rosneft has been the leading supplier of jet fuel in Russia. The company is the 2nd largest oil and gas producer in the country. In 2014, Lukoil produced almost 707 million barrels of oil. Its Natural gas production is estimated to be more than 90 million BOE every year.

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