ANNUAL REPORT 2005 - Lukoil

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Sales revenues Sales breakdown 2005 2004 (millions of US dollars) Crude oil Export and sales on international markets other than CIS 15,589 28.0% 10,338 30.5% Export and sales to CIS 778 1.4% 602 1.8% Domestic sales 120 0.2% 181 0.5% 16,487 29.6% 11,121 32.8% Refined products Export and sales on international markets Wholesale 22,923 41.1% 11,403 33.7% Retail 6,293 11.3% 3,914 11.6% Domestic sales Wholesale 4,753 8.5% 3,429 10.1% Retail 1,972 3.5% 1,236 3.7% 35,941 64.4% 19,982 59.1% ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Petrochemicals Export and sales on international markets 1,134 2.0% 1,021 3.0% Domestic sales 469 0.9% 332 1.0% 1,603 2.9% 1,353 4.0% Other 1,743 3.1% 1,389 4.1% Total sales 55,774 100.0% 33,845 100.0% Sales volumes 2005 2004 Crude oil (thousands of barrels) Export and sales on international markets other than CIS 312,712 307,523 Export and sales to CIS 23,852 29,877 Domestic sales 4,926 11,999 Crude oil (thousands of tonnes) Export and sales on international markets other than CIS 42,662 34.7% 41,954 38.6% Export and sales to CIS 3,254 2.6% 4,076 3.7% Domestic sales 672 0.5% 1,637 1.5% 46,588 37.8% 47,667 43.8% Refined products (thousands of tonnes) Export and sales on international markets Wholesale 49,549 40.2% 35,946 33.1% Retail 7,117 5.8% 5,480 5.0% Domestic sales Wholesale 16,421 13.3% 16,981 15.6% Retail 3,549 2.9% 2,743 2.5% 76,636 62.2% 61,150 56.2% Total sales volume of crude oil and refined products 123,224 100.0% 108,817 100.0% 111
FINANCIAL ACCOUNTS 2005 2004 Realized average sales prices ($/barrel) ($/tonne) ($/barrel) ($/tonne) Average realized price international Oil (excluding CIS) 49.85 365.41 33.62 246.42 Oil (CIS) 32.63 239.20 20.13 147.57 Refined products Wholesale 462.61 317.24 Retail 884.30 714.19 Average realized price within Russia Oil 24.44 179.15 15.09 110.58 Refined products Wholesale 289.41 201.94 Retail. 555.80 450.64 During 2005 our revenues increased by $21,929 million, or 64.8%, compared to 2004. The total volume of crude oil and refined products sold amounted to 123.2 million tonnes, which is 13.2% more than in 2004. Our revenues from crude oil sales increased by $5,366 million, or 48.3%. Our sales of refined products increased by $15,959 million, or 79.9%. Sales of crude oil and refined products on the international markets, including the CIS, accounted for 83.3% of total sales volume in 2005 compared to 80.4% in 2004. 112
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ANNUAL REPORT 2005
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ANNUAL REPORT, 2005 ADDRESS TO SHAR
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ANNUAL REPORT, 2005 LUKOIL signific
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LUKOIL IS ONE OF THE MAJOR INTERNAT
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The Company buys 15 filling station
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August The first stage of a coke ca
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LUKOIL completes eradication of the
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289 filling stations and 132 diesel
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ANNUAL REPORT, 2005 LUKOIL is reali
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ANNUAL REPORT, 2005 GEOLOGICAL EXPL
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ANNUAL REPORT, 2005 Russia Total ex
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ANNUAL REPORT, 2005 Western Siberia
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ANNUAL REPORT, 2005 In 2005 LUKOIL
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ANNUAL REPORT, 2005 Distribution of
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ANNUAL REPORT, 2005 LICENSING The C
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ANNUAL REPORT, 2005 increased by 1.
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ANNUAL REPORT, 2005 Creation of the
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ANNUAL REPORT, 2005 Gas Production
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KAZAKHSTAN Kumkol 50% LUKOIL INTERN
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ANNUAL REPORT, 2005 Main oil export
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47.6 REFINING, PETROCHEMICALS AND M
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Russia Growth of export duties in 2
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The catalytic reforming unit was ov
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GAS PROCESSING The Company's gas-pr
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up to 200,000 tonnes of caustic sod
Page 51 and 52: LUKOIL bought share stakes in 2005,
Page 53 and 54: Trading with third parties LITASCO
Page 55 and 56: ANNUAL REPORT, 2005 Effect from EOR
Page 57 and 58: TRADE BALANCE OF LUKOIL SUBSIDIARIE
Page 59 and 60: ANNUAL REPORT, 2005 Work by LUKOIL
Page 61 and 62: ANNUAL REPORT, 2005 management of t
Page 63 and 64: ANNUAL REPORT, 2005 as investments
Page 65 and 66: ANNUAL REPORT, 2005 AA 1000 standar
Page 67 and 68: ANNUAL REPORT, 2005 took part in cr
Page 69 and 70: CORPORATE GOVERNANCE The Company vi
Page 71 and 72: THE MARKET FOR COMPANY SECURITIES R
Page 73 and 74: than in the first quarter of the ye
Page 75 and 76: Alexander Shokhin Independent Direc
Page 77 and 78: Vagit Sharifov Vice-President, Head
Page 79 and 80: The general meeting of shareholders
Page 81 and 82: the Group's organizations and struc
Page 83 and 84: ANNUAL REPORT, 2005 Projects of LUK
Page 85 and 86: ANNUAL REPORT, 2005 Fields and lice
Page 87 and 88: ANNUAL REPORT, 2005 erves were not
Page 89 and 90: ANNUAL REPORT, 2005 The company's r
Page 91 and 92: FINANCIAL ACCOUNTS MANAGEMENT'S DIS
Page 93 and 94: FINANCIAL ACCOUNTS Strategic Partne
Page 95 and 96: FINANCIAL ACCOUNTS The table below
Page 97 and 98: FINANCIAL ACCOUNTS The mineral extr
Page 99 and 100: FINANCIAL ACCOUNTS lack refining ca
Page 101: FINANCIAL ACCOUNTS YEAR ENDED DECEM
Page 105 and 106: FINANCIAL ACCOUNTS Operating expens
Page 107 and 108: FINANCIAL ACCOUNTS Excise and expor
Page 109 and 110: FINANCIAL ACCOUNTS YEAR ENDED DECEM
Page 111 and 112: FINANCIAL ACCOUNTS Sales revenue Sa
Page 113 and 114: FINANCIAL ACCOUNTS Wholesale of ref
Page 115 and 116: FINANCIAL ACCOUNTS The increase in
Page 117 and 118: FINANCIAL ACCOUNTS Analysis of capi
Page 119 and 120: FINANCIAL ACCOUNTS GUARANTEES, OFF-
Page 121 and 122: FINANCIAL ACCOUNTS ing filed by the
Page 123 and 124: FINANCIAL ACCOUNTS CRITICAL ACCOUNT
Page 125 and 126: FINANCIAL ACCOUNTS CONSOLIDATED FIN
Page 127 and 128: FINANCIAL ACCOUNTS OAO LUKOIL Conso
Page 129 and 130: FINANCIAL ACCOUNTS OAO LUKOIL Conso
Page 131 and 132: FINANCIAL ACCOUNTS OAO LUKOIL Notes
Page 133 and 134: FINANCIAL ACCOUNTS Property, plant
Page 135 and 136: FINANCIAL ACCOUNTS found a sufficie
Page 137 and 138: FINANCIAL ACCOUNTS Investments in "
Page 139 and 140: FINANCIAL ACCOUNTS members of the G
Page 141 and 142: FINANCIAL ACCOUNTS Russian ruble bo
Page 143 and 144: FINANCIAL ACCOUNTS The following ta
Page 145 and 146: FINANCIAL ACCOUNTS The real returns
Page 147 and 148: FINANCIAL ACCOUNTS The Company's ne
Page 149 and 150: FINANCIAL ACCOUNTS In January 2005,
Page 151 and 152: FINANCIAL ACCOUNTS Environmental li
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FINANCIAL ACCOUNTS NOTE 22. COMPENS
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FINANCIAL ACCOUNTS Geographical seg
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FINANCIAL ACCOUNTS OAO LUKOIL Suppl
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FINANCIAL ACCOUNTS III. Results of
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FINANCIAL ACCOUNTS Estimated net pr
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FINANCIAL ACCOUNTS develop and prod
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FINANCIAL ACCOUNTS Group's share in
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FINANCIAL ACCOUNTS and the Governme
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FINANCIAL ACCOUNTS A corporate hold
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ANNUAL REPORT, 2005 REFERENCE INFOR
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ANNUAL REPORT 2005 - Lukoil

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