LUKOIL Case Study

OIl & Gas Case Study

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LUKOIL, headquartered in Moscow, Russia, is a major, international, vertically-integrated oil and gas company, accounting for 2.1 percent of the global output of crude oil. It is the largest privately owned oil and gas company in the world by proven oil reserves and is the third largest privately owned oil and gas company by oil production. LUKOIL handles 16.3 percent of Russia’s crude oil production and 16.7 percent of the country’s crude oil refining. It is one of the biggest Russian oil business groups with $139 billion revenue and net income in excess of $11 billion.