OAO Lukoil, through its subsidiaries, engages in the exploration, production, refining, marketing, and distribution of oil and gas in the Russian Federation and internationally.
Its exploration and production activities are primarily located in the Russian Federation, Azerbaijan, Kazakhstan, Uzbekistan, the Middle East, South America, and northern and western Africa.
The company also engages in refining, marketing, and trading of crude oil, natural gas, and refined products; and processing and trading of petrochemical products.
In addition, it engages in power generation, banking, and finance businesses.
As of January 1, 2009, the company had proved reserves of 19.3 billion barrels of oil equivalent (BOE) comprising 14.5 billion BOE of crude oil and 29.3 trillion cubic feet of gas.
Further, OAO LUKOIL operates retail petrol stations, as well as engages in the wholesale of refined oil products.
The company was founded in 1993 and is based in Moscow, the Russian Federation.
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