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PRESS-RELEASE
27.01.2016 
LUKOIL AND KRASNOYARSK REGION OUTLINE MAJOR AREAS OF COOPERATION

Vagit Alekperov, President of PJSC LUKOIL, and Victor Tolokonsky, Governor of the Krasnoyarsk Region, signed a supplement agreement for 2016 to the cooperation agreement in Krasnoyarsk today.

The document provides for LUKOIL’s financial support to construction of a boarding school for 250 students in Nosok village and a building that will host a gym and recreation facilities for children of Khatanga.

Vagit Alekperov and Victor Tolokonsky also discussed the issues of cooperation between the Company and the Government in development of the East Taymyr block a license for which was granted to LUKOIL in December 2015 for the term of 27 years.

“We consider it as an opportunity for development in a region which is new for LUKOIL. And, to some extent, it is a historical event for us since we never had any projects in East Siberia before. Today we visited the site of our new investment project with Victor Tolokonsky, Governor of the Krasnoyarsk Region,” said President of PJSC LUKOIL Vagit Alekperov.

“Development of this oil block by LUKOIL is a very big and important project for Taymyr and for Khatanga town, in particular. As early as at this preliminary stage, new jobs will be created here, additional industrial facilities will be established. All that will facilitate the development of the infrastructure and transportation, including sea routes,” noted Victor Tolokonsky, Governor of the Krasnoyarsk Region.

PRESS-RELEASE
25.01.2016 
LUKOIL TAKES PART IN DISCUSSING YOUTH EMPLOYMENT PROBLEMS DURING MEETING OF BRICS LABOUR AND EMPLOYMENT MINISTERS

A round table on youth employment issues was held today in the office of OOO LUKOIL-Uralnefteprodukt (wholly-owned subsidiary of PJSC LUKOIL) on the sidelines of the meeting of BRICS labor and employment ministers in Ufa.

The round table was attended by Maxim Topilin, minister of labor of the Russian Federation, Alexander Shokhin, president of the Russian Union of Industrialists and Entrepreneurs, Guy Ryder, president of the International Labor Organization (ILO), Mikhail Shmakov, chairman of the Federation of Independent Trade Unions of Russia, Rustem Khamitov, head of Bashkortostan, and Anatoly Moskalenko, PJSC LUKOIL vice president for HR and organizational development.

The discussion has become a continuation of the CIS Youth Employment Partnership Project launched by the ILO and LUKOIL. Approaches which were developed under the project, such as granting tax exemptions to employers when they create dedicated jobs for young people, are being used in the development of the Labor Management Roadmap in Russia, Azerbaijan and Kazakhstan.

The joint project is expected to result in proposals on youth employment which will make a basis of respective legislative initiatives of all ILO member states.

LUKOIL is the only Russian company which has signed a cooperation agreement with ILO to assist the government in employment of young people, personnel exchange and training.

 

PRESS-RELEASE
13.01.2016
LUKOIL’S BOARD OF DIRECTORS SUMMARIZES COMPANY’S PRELIMINARY PERFORMANCE IN 2015 AND SETS PRIORITIES FOR 2016

 

The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company’s preliminary performance results in 2015 and set priorities for 2016 and the near-term outlook.

The 2015 hydrocarbon production growth was attained through the implementation of large-scale projects in the Northern Caspian Sea, West Siberia, the Komi Republic, as well as abroad - in Iraq.

“In 2015 we ensured steady corporate development, commissioned our facilities on schedule – some of the most innovative in our industry, fulfilled all our obligations before the society and the state, maintained integrity in our working teams, indexed our employee’s wages, and paid dividends to our shareholders. I hope that the year 2016 will be just as fruitful, the more so it is an anniversary year for LUKOIL,” Vagit Alekperov, PJSC LUKOIL’s President, said.

The meeting participants also reviewed internal audit system improvement in PJSC LUKOIL.

The BoD also approved the new Company’s Registrar - ??? Registrator Garant.

PRESS-RELEASE
20.01.2016
PRESS SERVICE STATEMENT

The Press Service of PJSC LUKOIL reports that on January 12, 2016 the district tribunal of Prahova (Romania) rejected the indictment act which was submitted by the Prosecutor’s Office against S.C. PETROTEL LUKOIL S.A. PLOIESTI and LUKOIL EUROPE HOLDINGS BV and some of its employees. On January 19, 2016 the Ploiesti Court of Appeal rejected an appeal by the Prosecutors’ Office for changing this decision. Therefore the case will be returned to the Prosecutor’s Office.

This decision was taken by the district tribunal of Prahova (Romania) due to the absence of description of the criminal activity of the defendants as well as due to a number of investigation procedure violations. The company has repeatedly declared that the activity of S.C. PETROTEL LUKOIL S.A. PLOIESTI and LUKOIL EUROPE HOLDINGS BV as well as of its employees fully complies with the international law and existing Romanian legislation.

 

PRESS-RELEASE
29.12.2015
LUKOIL PRODUCES ONE HUNDRED MILLION TONNES OF OIL SINCE THE BEGINNING OF THE YEAR

For the first time in the company's history, PJSC LUKOIL has as of today stepped over the boundary of 100 million tonnes of produced oil annually.

The increase in LUKOIL's production in 2015, versus the previous year, amounted to 3.5% or 3.4 million tonnes.

This was made possible through the oil production increase in the European part of Russia (in particular – in the Timan-Pechora and Perm Regions, northern Caspian) and West Qurna-2 field in Iraq.