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عربي

Lukoil Holdings

  
 
 
 
 
 
 
 
 
 
Updated: Jan 28, 2004
 
 
 
Country

Region-wide

Ownership Type
 
 
 
 
Principal Activities
Oil and gas exploration and production and production and sale of petroleum products
 
Date of Establishment Year
1991
 
Branches
Egypt    
 
 
Contact Details
Address:
11 Sretenski Boulevard
Moscow 101000
Russian Federation
 
Tel:
+7 95-927-4444
 
Fax:
+7 95-916-0020
 
Email:
pr@lukoil.com
 
Website:
www.lukoil.com/

 
 
 Business Overview
Lukoil is the second largest oil company in Russia but a newcomer to the international petroleum scene, with modest exploration and production activities in Azerbaijan, Kazakhstan, and Egypt. The company's first involvement in the Middle East was in Iraq in 1997 when it obtained exploration rights in the giant West Kurnah oilfield. In late 2003, the rights were revoked but Lukoil considers the deal sill valid.

In January 2004, Lukoil boosted its involvement in the region by signing a joint venture deal to find and pump gas in Saudi Arabia's Empty Quarter Block- A, which covers 29,900 square kilometers, joining a new club of foreign energy firms to gain a foothold in the Kingdom. The company plans to invest up to $200 million developing the area over the next five years.
 
 
 Direct Investments and Related Entities 
Developments and Projects
Name  Country  Holding 
Lukoil Saudi Arabia Energy [Luksar] Saudi Arabia 80.00%
West Kurnah Iraq 68.50%
WEEM Egypt 50.00%
Meleiha Egypt 12.00%
Block A Saudi Arabia -