Business partners

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Business partners

LUKOIL is one of the largest international private vertically-integrated oil and gas companies, accounting for over 2% of global oil production and about 1% of proved hydrocarbon reserves.

With the exploration, production and marketing of oil, gas, petroleum and petrochemical products being LUKOIL Group’s core businesses, the company plays a key role in Russia’s fuel and energy market. One of the largest taxpayers in this country, LUKOIL produces and refines 15% of oil in Russia.

Operating in six federal districts (65 regions) of the Russian Federation and over thirty countries worldwide, LUKOIL is continuously expanding its geographic presence.

The company makes significant investments in environmental protection every year. LUKOIL has always been an active sponsor and donator, supporting various socially significant projects and initiatives in the regions where it operates.

Vagit Alekperov — President of PJSC LUKOIL, Executive member of the Board of Directors of PJSC LUKOIL, Chairman of the Management Committee of PJSC LUKOIL

Zarubezhneft is a leading Russian vertically integrated state oil and gas company having unique experience of operation in various regions of the world.

Since 1967, the Company has implemented large-scale oil and gas projects in more than 30 countries of the world, including Algeria, Angola, Vietnam, India, Yemen, Iraq, Iran, Libya, Cuba, Syria and others.

Zarubezhneft possesses high professional competencies and front-end solutions in the area of hydrocarbons fields development both offshore and onshore. Currently the Company’s activities are aimed at the development of oil producing and refining projects in Vietnam, the Balkans, Uzbekistan, Cuba and in the Russian Federation.

The Company is distinguished by operational and organizational efficiency. Environmental and industrial safety is our unconditional priority. Zarubezhneft is the leader in integrating the global zero injury rate initiative “Vision Zero” in Russia.

100% of Zarubezhneft’s shares are in federal ownership. The Company is included into the list of the strategic importance enterprises of the Russian Federation.

RussNeft was founded by Mikhail Gutseriev in 2002 and ranks among the top 10 largest oil companies in Russia in terms of oil production.

Nowadays RussNeft comprises oil and gas companies operating in 8 Russian regions and the CIS countries.

Over 10,000 highly qualified employees are involved in the development of the reserves of 592.5 million tonnes of oil (AB1+ B2).

The actual business model of RussNeft is production-oriented. The company is now focused on the optimization of operations with existing assets that meet its strategic priorities, the more intensified development of existing licensed areas given the geological structure of reserves and their growth within the oilfields of the Group.

One of the main goals of RussNeft in the near future is to improve its production efficiency.

Evgeny Tolochek — President of PJSC RussNeft