About The Company
The beginning of international expansion "LUKOIL" may be considered in 1994 when it was purchased by a 10% share in the development of the largest in the Azerbaijani sector of the Caspian Sea deposits Azeri-Chirag-Guneshli.
During the years 1995-97 LUKOIL continued foreign activity, and entered the oil and gas projects Karachaganak, Kumkol and Tengiz (Kazakhstan), shoals, "Shah Deniz (Azerbaijan) and the West Qurna-2 (Iraq).
Company's mission is to facilitate the smooth growth of shareholder value LUKOIL by continuously enhancing the effective reserves and production of oil and gas abroad in the priority countries and regions of activity.
The main objective of the Company - to achieve leading positions on major indicators among comparable in terms of production and scale of activities of transnational corporations.
This is the approach laid out in the strategy of LUKOIL Overseas period of ten years, adopted in 2007. LUKOIL Overseas has successfully accomplishes this by strengthening its status in the international energy market and qualitatively improved basic production and economic indicators.
The main principles of the Company - the efficiency, competitiveness, investment attractiveness, balanced the interests of shareholders, partners and employees.