The company "Lukoil" for about 25 years is a leading corporation in Russia, which is engaged in oil production and refining. It is worth noting that the company was included in the ranking of the 100 largest brands in the world. These and other interesting facts will be highlighted in this article.
history of the company
The Lukoil company began its activities as a concern, which was created in 1991. It consisted of 3 enterprises engaged in oil production and 3 oil refineries. In 1993, OAO Lukoil was opened. A year later, the company began active auction trading, and very soon the government transferred to Lukoil some blocks of shares of other enterprises engaged in the same activity.
Since about 1994, the Lukoil company has begun expanding its geography with participation in one international project together with Azerbaijan. A year later, the United States joins the race by buying back a block of shares. The company also opens its own charity fund, the development of which includes many countries of the world. Iran and Kazakhstan are no exception. A little later in these countries launch new projects, one of them was the creation of a racing team and a sports club.
The 2000s began for Lukoil very successfully. The company was able to finally enter the US market by acquiring one of the American corporations. As a result, she managed a network of gas stations in America. The discovery of new oil and gas provinces in Russia also brought a new millennium.
In 2004, Lukoil sold all state shares and became completely private.
In 2007, cooperation began with another major Russian company, Gazprom.
In 2016, the corporation celebrated its 25th anniversary. The completion of the modernization of old plants was timed to coincide with this date, and the use of two new fields began.
Current leadership
The management apparatus of the company consists of 13 people: the president and 12 vice-presidents of the company.
Alekperov Vagit Yusufovich
The future president of Lukoil was born in 1950. From childhood, he realized that he wanted to connect his life with oil production. Therefore, he entered the Azerbaijan Institute of Oil and Chemistry, which he graduated in 1974. Later he defended his doctorate and received the degree of “Doctor of Economic Sciences”, then he was admitted to the Russian Academy of Natural Sciences, of which he is still a member. Vagit Yusufovich was awarded a large number of medals, orders and diplomas.
Alekperov is included in the ranking of the richest people in the world, and among the 200 richest businessmen in Russia, he takes 9th place (according to Forbes ).
Vagit Yusufovich is married, has an adult son. Incidentally, the son of the president of Lukoil followed in his father's footsteps and graduated from the Moscow University of Gas and Oil in 2012.
Love Hoba
This is the only woman among the vice presidents of the company. She was born in 1957, in 1992 she graduated from the Institute of National Economy in Sverdlovsk, receiving a degree of candidate of economic sciences. She was awarded a huge number of honorary medals, diplomas, and insignia. First, Khoba Lyubov Nikolaevna held the position of chief accountant in subsidiaries of the corporation. And since 2012, she is vice president of Lukoil.
Ongoing activities
The plan has not changed since the creation of the concern in 1991. It affects all types of activities, from exploration to sales to consumers. It is worth mentioning that the company was created during the difficult period of the country's life, accompanied by a crisis, devaluation, and riots. But Lukoil is an oil company that has managed to maintain its name in such difficult conditions.
Thanks to the effective division of labor, while maintaining a single gold standard, the company was able to reach the world level. .
If we talk about the ongoing activities of the company, we can conditionally divide it into two components:
- Exploration and production
- Processing, trade and marketing.
Social responsibility
The company is engaged in charity, constantly presenting new projects to the world.
- In 1993, Lukoil created a corporate charity fund, which is developing rapidly every year, keeping pace with the times. The fund constantly provides assistance to the population dependent on social support. These are educational institutions, orphanages, temples, various museums and theaters, leisure centers. Support is provided not just in the form of material assistance, but also through contests and competitions that reveal children's talents.
- In 2002, the company launched the Red Plague project. This program operates on the territory of the Yamal-Nenets Autonomous Okrug, where people have only one branch of specialization - reindeer herding. We can say that civilization bypasses the population of the district. There are practically no conditions for the implementation of medical activities. Therefore, Lukoil seeks to create emergency ambulance brigades in the district, providing them with everything necessary.
- The corporation takes care of preserving the country's cultural heritage; for this, various exhibitions are held in museums, lectures are given, and various competitions are held. Support is provided for young creative teams, sponsoring performances and trips. Old architectural structures and facades are constantly being restored at the expense of the budget of Lukoil. This is especially often observed in the cultural capital of our country - St. Petersburg.