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PRESS-RELEASE
04.05.2016
LUKOIL GETS POSITIVE REVIEW FOR OIL PRODUCTS DELIVERY PROJECT

OOO “LUKOIL-Nizhegorodniinefteproekt”, a wholly owned subsidiary of PJSC“LUKOIL”, obtained an approval of the General Board of State Expert Review (Glavgosexpertiza) for the engineering project of light oil products delivery to the OAO “AK “Transneft” pipeline transportation system in Kstovo, Nizhny Novgorod Region.

A resolution to start up the project development, which guarantees reliable supplies of high quality motor fuels to the domestic market taking into the account the evolvement of the country’s pipeline transportation system, was adopted as part of the Cooperation Agreement, between LUKOIL and Transneft signed in May 2014.

The project allows substantial decrease of transportation load on existing railway networks and continuous supplies of high quality class 5 motor fuels to the Central Region of Russia. The infrastructure which is being developed is capable to transport annually up to 8.5 million tons of fuel produced by OOO “LUKOIL-Nezhegorodnefteorgsintez”.  

PRESS-RELEASE
04.05.2016
LUKOIL DONATES THE ARCTIC COLLECTION OF PAINTINGS TO THE RUSSIAN GEOGRAPHICAL SOCIETY

Today in St. Petersburg, President of PJSC “LUKOIL” Vagit Alekperov donated to the Russian Geographical Society a collection of 28 paintings dedicated to the history of Arctic exploration. These canvases, portraying world famous Russian polar explorers, seafarers, pilots and sponsors of scientific expeditions, whose names and contributions are perpetuated in the glorious past of the exploration of the Russian North. The works were created by St. Petersburg artists – members of the Russian Artists Union – between 1998 and 2016.

Scientists, researches of the Arctic and Antarctic Research Institute, legendary trailblazers of the Northern Sea Route, famous members of air expeditions to the Russian North, explorers and outstanding administrators who stood at the origins of the Russian Geographical Society are among those, depicted on the canvases in the donated collection.

The handover ceremony was held during the Meeting of The Board of Trustees of the Russian Geographical Society, chaired by the President of the Russian Federation Vladimir Putin.

PRESS-RELEASE
26.04.2016 
LUKOIL OPENS LUBRICANT STORAGE AND TRANSFER TERMINAL IN AUSTRIA

A bulk lubricant storage and transfer terminal of PJSC LUKOIL was brought into operation in Vienna today. The opening ceremony was attended by the Chairman of PJSC LUKOIL Board of Directors Valery Grayfer, President of Vienna Provincial Parliament Harry Kopietz and President of Vienna Chamber of Commerce and Industry Walter Ruck. 

The construction of the terminal on the bank of the Danube which includes a tank farm and a mooring complex has become the second stage of the upgrade of the Austrian lubricant blending facility of LUKOIL Lubricants Europe which LUKOIL acquired in 2014. 

LUKOIL's facility in Austria has obtained the highest category of certification, VDA 6.3, from the German Association of the Automotive Industry and is one of the lubricant suppliers to automotive assembly plants of German auto manufacturers.  The new terminal in Vienna will make it possible to optimize the logistics of base oil supplies from Russia and enhance the competitiveness of LUKOIL's end products in Europe.

PRESS-RELEASE
28.04.2016 
LUKOIL OPENS E-LEARNING ROOMS IN BUKHARA

Today, PJSC “LUKOIL” presented e-learning rooms in the Bukhara Oil and Gas College.

The opening ceremony was attended by the Head of Bukhara Valizhon Urinov, Head of PJSC “LUKOIL” Department for Organizational Development and Career Management Yuriy Pikhtovnikov, Director of the Bukhara Oil and Gas College Malikzhon Murodov, representatives of OOO “LUKOIL Uzbekistan Operating Company”, Uzbekneftegaz National Holding Company and other partner organizations and institutions.

LUKOIL considers the oil and gas college in Bukhara as a site for education and training of potential employees of the Gas Processing Facility, being constructed in Kandym.

 

PRESS-RELEASE
25.04.2016
PJSC “LUKOIL” BOARD OF DIRECTORS RESOLVES ON ANNUAL GENERAL SHAREHOLDERS MEETING AND DIVIDENDS

Today, PJSC "LUKOIL" held a visiting session of the Board of Directors in Vienna, Austria. It was resolved that the Annual General Shareholders Meeting would be held in Perm on 23 June 2016. List of shareholders entitled to participate in the Meeting shall be compiled as of 10 May 2016.

The Board of Directors recommended that the Annual General Shareholders Meeting adopts a resolution to pay out dividends for 2015 in the amount of 112 rubles per each ordinary share. The total 2015 dividend per share, inclusive of the interim dividends already paid, will be 177 rubles.

It is proposed that the Annual General Shareholders Meeting sets 12 July 2016 as the record date for 2015 final dividend.

All materials which shall be provided to individuals, entitled to participate in the Annual General Shareholders Meeting of PJSC "LUKOIL", will be available at www.lukoil.ru and www.lukoil.com, from 20 May 2016.

The Board of Directors also resolved that a revised version of the Dividend Policy should be developed and approved based on the following principles:

-     priority of dividends in the cash flow distribution;

-     the amount of funds, allocated for payout of dividends, shall be no less than 25% of the PJSC "LUKOIL"'s consolidated net income under IFRS. For the purposes of calculation of dividends, IFRS-based consolidated net income may be adjusted by the amount of non-recurring losses and gains;

-     intention of the Company to annually increase the amount of dividends per share by no less than the rate of ruble inflation in the reporting period, based on CPI published by Rosstat.

Upon proposal of Vagit Alekperov, President of PJSC "LUKOIL", the Board of Directors also approved an early termination of powers of Sergey Malyukov, member of the Management Committee and the respective size of the Management Committee, which now consists of 14 members. The reason for termination of powers of S.N. Malyukov was the prior resolution of the Board of Directors to appoint him Head of Internal Audit Service directly reporting to the Company's Board of Directors.