Lukoil Oil Company opened the first gas station in Kazakhstan, which operates on a franchise basis. This is in principle Lukoil's first gas station in the country - before that, the company had only upstream projects in Kazakhstan and in the CPC. Almaty gas station has been selling Russian-made Ai-100 gasoline, local Ai-92 gasoline and diesel fuel, as well a...

AVT-5 primary oil refining unit damaged by drones at Lukoil's Volgograd refinery was restored in February, a company source told the media. Launch of AVT-6 and catcracking units at the Nizhny Novgorod refinery is planned in the second quarter, upon completion of spring repairs.

Lukoil has invested $200 million in joint projects with Kazmunaigas at Kalamkas-More, Khazar and Auezov fields. Kazakhstan state company sold Lukoil 50% of Kalamkas-Khazar Operating, which owns licenses for these fields. Deal also provides for payment of additional premium of $100 mln upon fulfillment of conditions precedent. Reserves of Kalamkas-Sea and Kha...

Lukoil's hydrocarbon production in 2023 decreased by 1.1% to 2.308 mln boe/d, of which 75% were liquids and 25% were gas. Production of liquid hydrocarbons excluding the West Qurna-2 project decreased by 2.8% to 82.6 million tons. Oil exports remained almost unchanged at 35.3 million tons. Volume of oil refining decreased by 13.4% to 60.7 million tons agains...