|Corporate Report 2011:|
LUKOIL Overseas is an integral part of the LUKOIL group. This foreign upstream subsidiary manages LUKOIL’s international oil and gas production and exploration projects in over 10 countries, providing 5.1% of LUKOIL’s total crude oil volume and 24.7% of its natural gas. Exploration and efficient development of oil and gas fields in a growing number of foreign countries, such are the priorities of LUKOIL Overseas. Its most important mission therefore is to promote the transformation of LUKOIL into one of multinational energy leaders.