ANNUAL REPORT 2005 - Lukoil

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ANNUAL REPORT, 2005 According to the directory 'Social and ecological responsibility and Russian business ratings', prepared by the International Social-ecological Union and independent ecological rating agency Nera, supported by the World Bank, LUKOIL is one of the three leaders among 75 Russian oil companies by its rate of reduction of environmental impacts in 2000–2003. Thanks to nature conservation activity by the Group, relative indicators in 2000–2003 for atmospheric emissions, water consumption and waste water discharge were significantly lower (by 1.5–2 times) for LUKOIL compared with the sector average. LUKOIL starts technical vetting of chartered oil tankers using a system designed by the Oil Companies International Maritime Forum (OCIMF), which enables scrupulous inspection of ships to ensure that they meet safety criteria and to determine the level of risks involved in sea transport of oil and petroleum products, and in loading operations at oil terminals. LUKOIL is the only Russian oil company, which is a member of OCIMF, takes part in work by its executive committee, and submits reports to OCIMF on vetting inspections of tankers, carried out in the Company's name. The Company project 'Organization of efficient insurance protection as an element of managing industrial risks: the experience of LUKOIL' wins first place in the competition 'Best project for risk management of companies and financial organizations' in the nomination 'Best project for design of insurance protection'. The competition is organized by Expert RA rating agency. November LUKOIL takes fifth place in a list of the 40 most valuable brands in Russia, ranked by Interbrand Zintzmeyer & Lux AG (Interbrand Group). LUKOIL is the only oil & gas company included in the rating of Russian brands. The Company's brand is valued at $688 million. The President of LUKOIL, Vagit Alekperov, takes first place in a rating of leaders of the Russian oil & gas business, prepared by the international magazine, Institutional Investor. The result is based on a survey of analysts and experts of the biggest global investment companies. 12
LUKOIL completes eradication of the consequences of the environmental catastrophe in the Republic of Komi, caused by an oil spill from the Vozei-Golovniye Sooruzheniya pipeline in 1994 (LUKOIL bought KomiTEK, the owner of the pipeline, in 1999). The Company has thus fully executed its 2000–2005 program for rehabilitation of polluted land and prevention of oil-spill accidents in the Republic of Komi. EVENTS IN 2005 LUKOIL takes second place in a rating of the 20 biggest companies in Russia in 2005. The rating is prepared by the leading Russian rating agency, Expert RA. LUKOIL signs an agreement with Finnish Neste Oil on acquisition of 50% of shares of SeverTEK. LUKOIL discovers the V. Filanovsky field on the shelf of the Caspian Sea. December LUKOIL takes ninth place among European companies and sixteenth place among global companies in the rating of the 250 biggest energy companies in the world in 2005 by the US energy agency, Platts. Companies are measured by four main criteria: assets size, revenues, profits and return on invested capital. LUKOIL completes purchase of Nelson Resources Limited. LUKOIL buys 51% minus one share of Primorieneftegaz. LUKOIL and Norsk Hydro discover a major oil field at the Anaran exploration block in western Iran. 13
Page 1 and 2: ANNUAL REPORT 2005
Page 3 and 4: ANNUAL REPORT, 2005 ADDRESS TO SHAR
Page 5 and 6: ANNUAL REPORT, 2005 LUKOIL signific
Page 7 and 8: LUKOIL IS ONE OF THE MAJOR INTERNAT
Page 9 and 10: The Company buys 15 filling station
Page 11: August The first stage of a coke ca
Page 15 and 16: 289 filling stations and 132 diesel
Page 17 and 18: ANNUAL REPORT, 2005 LUKOIL is reali
Page 19 and 20: ANNUAL REPORT, 2005 GEOLOGICAL EXPL
Page 21 and 22: ANNUAL REPORT, 2005 Russia Total ex
Page 23 and 24: ANNUAL REPORT, 2005 Western Siberia
Page 25 and 26: ANNUAL REPORT, 2005 In 2005 LUKOIL
Page 27 and 28: ANNUAL REPORT, 2005 Distribution of
Page 29 and 30: ANNUAL REPORT, 2005 LICENSING The C
Page 31 and 32: ANNUAL REPORT, 2005 increased by 1.
Page 33 and 34: ANNUAL REPORT, 2005 Creation of the
Page 35 and 36: ANNUAL REPORT, 2005 Gas Production
Page 37 and 38: KAZAKHSTAN Kumkol 50% LUKOIL INTERN
Page 39 and 40: ANNUAL REPORT, 2005 Main oil export
Page 41 and 42: 47.6 REFINING, PETROCHEMICALS AND M
Page 43 and 44: Russia Growth of export duties in 2
Page 45 and 46: The catalytic reforming unit was ov
Page 47 and 48: GAS PROCESSING The Company's gas-pr
Page 49 and 50: 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
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ANNUAL REPORT, 2005 as investments
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ANNUAL REPORT, 2005 AA 1000 standar
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ANNUAL REPORT, 2005 took part in cr
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CORPORATE GOVERNANCE The Company vi
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THE MARKET FOR COMPANY SECURITIES R
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than in the first quarter of the ye
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Alexander Shokhin Independent Direc
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Vagit Sharifov Vice-President, Head
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The general meeting of shareholders
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the Group's organizations and struc
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ANNUAL REPORT, 2005 Projects of LUK
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ANNUAL REPORT, 2005 Fields and lice
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ANNUAL REPORT, 2005 erves were not
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ANNUAL REPORT, 2005 The company's r
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FINANCIAL ACCOUNTS MANAGEMENT'S DIS
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FINANCIAL ACCOUNTS Strategic Partne
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FINANCIAL ACCOUNTS The table below
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FINANCIAL ACCOUNTS The mineral extr
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FINANCIAL ACCOUNTS lack refining ca
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FINANCIAL ACCOUNTS YEAR ENDED DECEM
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FINANCIAL ACCOUNTS 2005 2004 Realiz
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FINANCIAL ACCOUNTS Operating expens
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FINANCIAL ACCOUNTS Excise and expor
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FINANCIAL ACCOUNTS YEAR ENDED DECEM
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FINANCIAL ACCOUNTS Sales revenue Sa
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FINANCIAL ACCOUNTS Wholesale of ref
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FINANCIAL ACCOUNTS The increase in
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FINANCIAL ACCOUNTS Analysis of capi
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FINANCIAL ACCOUNTS GUARANTEES, OFF-
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FINANCIAL ACCOUNTS ing filed by the
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FINANCIAL ACCOUNTS CRITICAL ACCOUNT
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FINANCIAL ACCOUNTS CONSOLIDATED FIN
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FINANCIAL ACCOUNTS OAO LUKOIL Conso
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FINANCIAL ACCOUNTS OAO LUKOIL Conso
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FINANCIAL ACCOUNTS OAO LUKOIL Notes
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FINANCIAL ACCOUNTS Property, plant
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FINANCIAL ACCOUNTS found a sufficie
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FINANCIAL ACCOUNTS Investments in "
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FINANCIAL ACCOUNTS members of the G
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FINANCIAL ACCOUNTS Russian ruble bo
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FINANCIAL ACCOUNTS The following ta
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FINANCIAL ACCOUNTS The real returns
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FINANCIAL ACCOUNTS The Company's ne
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FINANCIAL ACCOUNTS In January 2005,
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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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