international magazine
04 / 2004


THE FIRST RUSSIAN MAJOR IN THE MAKING



Lukoil plans to boost its overseas share of hydrocarbons production up to 20% of total production volume. In the world of the international oil-and-gas industry, the term «major» implies a company which has developed projects spanning the globe while also having the sufficient financial potential to attract required funding. Having enjoyed over three years of exorbitant oil prices, a number of Russian companies finally got the opportunity to enter the world's top league. Lukoil was the first to take resolute steps in that direction.