The company is one of the world's leading vertically integrated oil and gas companies. The main activities of the company are exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of these outputs. It is an open joint stock company founded in the year 1993 in accordance with the Decree No.1403 dated November 1992 of the RF and by the Resolution of the RF Government No.229 of April 1993. It conducts its business from its registered head office located in the city of Moscow, Russian Federation. The company is a recognized leader of the Russian petroleum industry in the field of oil exploration, production, refining and petroleum product marketing. It aims to support long-term economic growth, social stability, prosperity and progress in the regions where it operates, as well as caring for the environment and ensuring sustainable use of natural resources. Most of the company's exploration and production activity is located in Russia, and the main production region for LUKOIL Group is Western Siberia. The company is also developing a new production base in Timan-Pechora. The company is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Iran, Columbia, Venezuela and Iraq. Most of the company's production is sold on the international market. The company's sales network covered 17 countries of the world, including Russia, the CIS countries (Azerbaijan, Belarus, Georgia, Moldova, and Ukraine), Europe (Bulgaria, Hungary, Cyprus, Latvia, Lithuania, Poland, Serbia, Romania, Czech Republic, and Estonia) and the USA, and consisted of 199 tank farms and 5,405 filling stations.
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