LUKOIL Mid-East Ltd operates as a subsidiary of Open Joint Stock Company Oil company LUKOIL. As for the Middle East, Iraq has become the focal point of LUKOIL’s strategic policy, intended to ramp up the company’s production outside of Russia. Iraq is one of the world’s most promising regions for building up production due to its enormous reserves of conventional hydrocarbons. LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern, and Western Europe, near-abroad countries. Most of the Company's production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, near-abroad countries and the USA.
