Lukoil
Russian oil company
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2024 | Reached a revenue of 3 trillion rubles, continuing its significant economic presence in the energy sector. |
March 2024 | Vitaly Robertus, vice president of Lukoil, dies suddenly |
March 1 2024 | Bulgaria banned the import of Russian crude oil. |
January 1 2024 | Bulgaria banned the export of refined Russian oil. |
2023 | Bulgaria decided to force Russian energy companies out of the country by increasing the tax rate to 60% on Lukoil Neftohim Burgas profits, aiming to encourage the plant's sale. |
2023 | Lukoil sold its refinery in Italy. |
2023 | Lukoil planned to double oil production from the West Qurna Field 2 project in Iraq to 800,000 barrels per day. |
October 2023 | Romania invalidated the petroleum products wholesale trading licence of Lukoil's Swiss-registered subsidiary Litasco SA, citing non-disclosure of crude oil sources, processing amounts, and refined oil distribution routes. |
October 2023 | Vladimir Ivanovich Nekrasov, Maganov's replacement as chairman, dies suddenly |
September 2023 | Bulgarian authorities transferred the Rosenets port oil terminal to state control, terminating Lukoil's 35-year concession without compensation. |
2022 | Sanctions against Russian oil shipping severely impacted Lukoil's Priolo Gargallo ISAB refinery in Sicily, leading to oil supply issues and financial problems, resulting in the refinery being placed under Italian trusteeship. |
2022 | Company's global operations and subsidiaries decreased from over 30 countries to only 14 countries. Recorded a revenue of 2.9 trillion rubles. |
September 2 2022 | Norway's state-owned oil company Equinor withdrew from its joint venture with Lukoil and exited the Kharyaga project. |
September 1 2022 | Lukoil chairman Ravil Maganov died after falling from a hospital window on the same day President Putin visited the hospital. The circumstances were suspicious, with nearby video cameras turned off. The company stated he 'passed away following a severe illness'. |
August 2022 | Lukoil acquired 100% ownership of FC Spartak Moscow and the Otkritie Arena stadium. |
April 21 2022 | Lukoil's president Vagit Alekperov stepped down and resigned from the board of directors after 29 years of leadership. |
March 2022 | Toby Gati, Roger Munnings, and Wolfgang Schüssel left Lukoil's board of directors due to international sanctions related to the Russo-Ukrainian War. |
March 2022 | Lukoil's market stock price dramatically dropped by 95 percent due to international sanctions related to the Russian invasion of Ukraine. |
October 2021 | The Russian government revoked the potential license for geological exploration of the Nadezhda field, citing ecological risks. |
May 11 2021 | A pipeline leak was identified at Lukoil's Oshkoye field, with an initial spill estimate of 100 tons of oil. Environmentalists argued the actual volume was higher. The spill infiltrated the Kolva river, affecting river habitats. The Komi Republic declared an emergency, with damage estimated at $4.1 billion. |
2020 | Lukoil was ranked 99th on the Forbes Global 2000 list of largest public companies in the world. |
2020 | Lukoil entered talks to reconstruct a refinery plant in Cameroon, belonging to the national refining company Sonara. |
2019 | Produced 87.488 million metric tons of oil (equivalent to 1.639 million barrels per day) and 35.046 billion cubic meters of natural gas. |
2018 | Reported a revenue of ₽4,744 billion, establishing itself as the country's largest non-state enterprise in terms of revenue. |
June 21 2018 | Board of directors elected, including Vagit Alekperov as CEO and Ravil Maganov as Chairman of the Board |
March 2018 | Cambridge Analytica was accused of discussing 'political targeting' of American voters with Lukoil representatives, sharing election disruption strategies involving videos and posters designed to demoralise and alarm voters. |
2016 | Lukoil began attempting to obtain a development license for the Nadezhda field in the Kaliningrad region, located on the Continental shelf typically reserved for state companies. |
September 12 2014 | The United States added Lukoil to the Sectoral Sanctions Identifications list. |
September 11 2014 | US President Obama announced the United States would join the EU in imposing tougher sanctions on Russia's financial, energy, and defence sectors related to the Russo-Ukrainian War. |
February 2014 | Lukoil signed an agreement with the government of Arkhangelsk Oblast to support the Vodnik sports club. |
April 20 2012 | An accident at the Trebs field, jointly developed by Lukoil and Bashneft, resulted in a significant environmental disaster. An oil well leaked continuously for over a day, causing large-scale contamination exceeding 5,000 square meters, with oil spill estimates ranging from 600 to 2,200 tonnes. |
August 2011 | Lukoil's Bourgas refinery was re-launched after the initial license suspension in July. |
July 2011 | Lukoil experienced a conflict with Bulgarian authorities over allegedly underpaying €250 million in excise taxes at its Bourgas refinery, resulting in the loss of its operating license and temporary plant shutdown. |
January 25 2011 | A fire occurred at the LGPZ engine room (CCI Langepasneftegaz) due to an oil leakage. Over 50 firefighters extinguished the blaze, and the plant suspended operations. |
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