"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, January 19, 2006

LUKOIL grow reserves, production, refining, sales

OAO LUKOIL announced preliminary 2005 results last week. From this we can extract
The company hydrocarbon reserves increased as a result of exploration and prospecting to 160 million tone of Oil EquivalentTOE. The major oil reserves growth accounted for Russia (Nenets Autonomous District, Western Siberia and Perm Region). The largest growth was in Yamal-Nenets Autonomous District. The large Nakhodka gas field is now working. Reserves should increase in 2006 by 106 MTOE as the Company has discovered 5 new oil, gas and condensate fields and 6 oil deposits in earlier discovered fields.

Total Oil production of the LUKOIL Group, including equity interest of subsidiaries and foreign projects, grew 4.5% came to 90.1 mln tons, including 86.3 mln tons in the Russian Federation and 3.8 mln tons abroad.

Gas production in 2005 increased by 17% and exceeded 7.6 Billions of Cubic metres BCM. In 2006 LUKOIL plans production increases of gas ofmore than 40%, mailnly from the Nakhodkinskoye field.

Oil exports of the LUKOIL Group in 2005 rose by 2.3% to 46.6 mln tons,…non-CIS countries (40.7 mln tons) and CIS countries (5.9 mln tons).

In 2005 natural, associated and stripped gas sold by the Russian subsidiaries of the LUKOIL Group came to 4.1 BCM, a 17% increase on 2004.Crude processing at the LUKOIL Group refineries (excluding the mini-refineries) in 2005 amounted to 47.4 mln tons, including 37.1 mln tons in Russia and 10.3 mln tons abroad. As compared to 2004, the total refining increased by 8.2%. No increases in refining capacity are expected in 2006.

In 2005 production of EN590 diesel fuel in the Russian refineries owned by the LUKOIL Group reached 4.7 mln tons or 46.5% of the total Russian diesel fuel production, which is almost 6 times the amount of the last year. Production of light petroleum products in the LUKOIL Group refineries rose to 53%, the share of high octane gasoline in the total amount of auto gasoline reached 79%.

Total investment expenditures in 2005 rose 72 % to USD 6.9 Bn
Taxes at all levels levels of the Russian Federation budget amounted to RUR 469.1 Bn or USD 16.6 Bn. A rise of 170% on 2004.

You can now buy GAZPROM shares ...maybe soon .... of Course Chevron have s Director on the Board of LUKOIL.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish