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LUKOIL is a Russian oil & gas company. Main activities of the company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the company's exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns refineries, gas processing and petrochemical plants located in Russia, and Eastern and Western Europe. Most of the Company's production is sold on the international market. LUKOIL is the second largest private oil company worldwide by proven hydrocarbon reserves. The Company has around 1.1% of global oil reserves and 2.3% of global oil production.
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