In 2017, LUKOIL Group's hydrocarbon production increased by 2.4% year-on-year to 2,234 thousand boe per day.
In 2017 oil production excluding West Qurna-2 project was 85.6 million tonnes, including 21.5 million tonnes produced in the fourth quarter of 2017.
Starting January 2017 LUKOIL Group's oil production volumes and dynamics are mainly defined by the external limitations of Russian companies' production volumes.
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.