[Brief Introduction]
LUKOIL is the oil industry in exploration, production, refining and marketing of petroleum products.
LUKOIL was established in 1991 by comprising a group of oil-and-gas production companies located in the western Siberian cities Langepas, Urai and Kogalym. The initial letters of these cities were derived to form the acronym LUK.
LUKOIL is the privately owned Oil & Gas Company in the world by proven reserves of crude oil, refining and sale of petroleum products.
[Business]
LUKOIL lubricants controls the manufacture of more than 40% of all lubricants produced in Russia, amounting to around 1.2 million tones, and markets these products in more than 20 countries across the globe.
In 2007 the LUKOIL decided to bring its expertise in lubricants technology to the maritime industry. LUKOIL Marine Lubricants was founded as a global sales and marketing business focusing on the production and sales of marine lubricants globally.
Editor: Yaling
