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, PANATLANTIC AND ROMGAZ DISCOVER LARGE DEEP-WATER OFFSHORE GAS FIELD IN ROMANIA
UZBEKISTAN HOSTS PETROLEUM INDUSTRY STAFFING CONFERENCE SPONSORED BY LUKOIL
LUKOIL PRODUCES 30 BILLION CUBIC METERS OF NATURAL GAS IN UZBEKISTAN
LUKOIL CLOSES DEAL ON SELLING ITS SHARE IN CASPIAN INVESTMENTS RESOURCES LTD
IRAQI PRIME MINISTER VISITS WEST QURNA-2 OILFIELD
LUKOIL OBTAINS LONG-TERM FINANCING FOR SECOND STAGE OF SHAH DENIZ PROJECT IN AZERBAIJAN
LUKOIL PRESIDENT MEETS WITH KAZAKHSTAN LEADERS
LUKOIL STARTS PRODUCTION TESTS AT FACILITIES FOR KANDYM EARLY GAS PROJECT IN UZBEKISTAN
LUKOIL PRESIDENT HAS TALKS IN BAGHDAD
LUKOIL PRESIDENT MEETS WITH IRAQ LEADERS
LUKOIL CLOSES DEAL TO ENTER PROJECT OFF CAMEROON
LUKOIL OVERSEAS INCREASES OIL PRODUCTION BY 2.4 TIMES IN 2014
The main areas of the socially responsible business for LUKOIL Overseas remains the industrial safety, occupational health & safety and environmental protection.