LUKOIL was created in 1991 as an enterprise owned by the government through the merger of three companies, the state-run, while former deputy minister of Soviet oil production, Vagit Alekperov believes that the only way the Russian oil company. can successfully compete with Western companies to integrate vertically three core elements of their business in the exploration, refining and distribution. In the old Soviet These components are separated strictly strictly
moved quickly to establish this integration in 1993. The next year, LUKOIL shares personally for the first time through an auction in which the government holds shares fell percent. 80.59 The Government shares fell 33 percent in 1996 to 20 percent in 2000 and 0 in 2004 when ConocoPhillips. Finally, the Company purchased 7.59 percent of LUKOIL government began selling stock over the counter in New York and through the exchange of many Germans in 2002 LUKOIL became the first Russian company listed on the London Stock Exchange. After being fully processed. ConocoPhillips upped to 20 percent, but the owners sold the holding in years. 2010
attendance Vladimir Putin to open LUKOIL LUKOIL filling stations in New York City was the first offshore project began in 1994, when it took a stake in oilfields in Azerbaijan. It has expanded so it now operates in 37 countries through a combination of exploration (10 countries), refining (5 countries) and the distribution or transfer (27 countries).
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