On January 2, 1703, the Vedomosti newspaper reported that oil had been discovered in Russia. However, throughout the 18th century oil field development remained unprofitable because of the product’s very limited field of application. After territorial acquisitions in the Baku region in the early 19th century the Caucasus became Russia’s primary oil-producing region. In 1853 the kerosene lamp was invented, leading a huge rise in the demand for oil.
LUKOIL AGREES TO SELL STAKE IN NATIONAL PETROLEUM CONSORTIUM
LUKOIL OVERSEAS DOUBLES OIL PRODUCTION DURING FIRST 3 QUARTERS OF 2014
LUKOIL SHIPS NEXT BATCH OF IRAQI OIL
LUKOIL SHIPS FIRST BATCH OF OIL TO RECOVER COSTS FROM WEST QURNA-2 PROJECT IN IRAQ
LUKOIL STARTS RETURNING INVESTMENTS ON WEST QURNA-2 PROJECT IN IRAQ
LUKOIL JOINS SHELF PROJECT IN CAMEROON
LUKOIL GRANTED THE RIGHT TO RECOVER COSTS AND RECEIVE REMUNERATION AT WEST QURNA-2
LUKOIL SIGNS ADDENDUM TO WEST QURNA-2 CONTRACT IN IRAQ
LUKOIL OVERSEAS REVIEWS 2013 RESULTS
LUKOIL OPTIMIZES HYDROCARBON ASSET PORTFOLIO IN KAZAKHSTAN
LUKOIL BEGINS SEISMIC SURVEY AT BLOCK 10 IN IRAQ
LUKOIL DRILLS NEW OFFSHORE WELL IN THE REPUBLIC OF CÔTE D'IVOIRE
The main areas of the socially responsible business for LUKOIL Overseas remains the industrial safety, occupational health & safety and environmental protection.