Oil and Industry Archives

  • The great European fuel shift?

    News | Energy 26-02-2018

    Europe’s electricity industry appears to have come to terms with the reality that wind and solar power will be central to a shift away from fossil fuels, especially coal-fired power generation. Now policy makers in Brussels are swivelling the spotlight towards transport, and the biggest fossil fuel of all: oil.

  • OECD urges countries to tax dirty energy

    News | Climate change 15-02-2018

    The OECD has encouraged governments to start taxing CO2 emissions more aggressively, in a new report which warns that current taxation levels are not enough to fight climate change effectively

  • Germany’s energy and climate policy is taking shape

    News | Air Quality 13-02-2018

    The coalition agreement between the German Conservatives and the Social Democrats outlines a relatively ambitious energy policy. EURACTIV’s partner Le Journal de l’environnement reports.

  • Germany’s ‘green’ energy production up 1,000% since 1990

    News | Energy 08-02-2018

    Since 1990, the production of "green" electricity in Germany has increased by 1,000% and export rates, according to preliminary data for 2017, just smashed another record. EURACTIV Poland’s partner WysokieNapiecie.pl reports.

  • Diesel to petrol shift poses ‘serious challenge’ to CO2 reduction

    News | Energy 02-02-2018

    Falling demand for diesel-powered cars is having a “brutal” impact on carmakers while the EU’s CO2 reduction policy is jeopardising a fragile recovery in sales, the president of the European Automobile Manufacturers' Association (ACEA) told reporters on Wednesday (31 January).

  • Socialists float 40% emission cut for cars in Europe by 2030

    News | Electric cars 30-01-2018

    The centre-left Socialists and Democrats (S&D) faction in the European Parliament are gearing up for a fight over EU car emission standards for 2030, floating a 40% cut in CO2 and suggesting a radical change in the way emissions are measured in the first place.



25 Years of Sustainable Development

LUKOIL is one of the major international oil and gas companies that accounts for more than 2% of the world's oil production and around 1% of the proven hydrocarbon reserves. Every day millions of consumers in more than 30 countries worldwide buy LUKOIL’s products, energy and heat, improving the quality of their life.

While having the full production cycle, LUKOIL exercises full control over the whole production chain — from oil and gas production to petroleum product sales. LUKOIL's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the LUKOIL's assets and the payment of cash dividends.

To achieve these goals, LUKOIL shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.

Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.

LUKOIL’s corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields by providing Company growth, the wellbeing of its employees and community at large.

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