OREANDA-NEWS. LUKOIL published its 2006 consolidated US GAAP financial accounts.

Production of petroleum products at LUKOIL refineries increased by 3.4% y-o-y and totalled 45,670 thousand tons.

Russian refineries of LUKOIL Group increased petroleum product output by 6.1% y-o-y. Production at foreign refineries of the Group decreased by 7.7% due to closure of the Odessa Refinery for upgrading.

LUKOIL sold 126.7 million tons of crude oil and petroleum products in 2006, representing an increase of 2.8% y-o-y. Domestic sales of crude oil grew by 171.3% y-o-y, to 1.8 million tons. At the same time international sales of crude oil decreased by 10.7% reflecting the high appeal of the Russian market.

Petroleum product sales rose by 9.5% y-o-y, to 83.9 million tons. Retail sales of petroleum products in Russia increased by 12.6% y-o-y.