OREANDA-NEWS. On 4 February 2008 it was announced, that LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale totaled 2.181 mln boe per day in 2007, up 36 th. boe per day  y-o-y.

Crude oil output of LUKOIL Group totaled 1,956 th. bpd* (up 1.6% y-o-y), or 96.646 mln tons. LUKOIL subsidiary companies produced 94.149 mln tons of crude, up 2.9% y-o-y. Natural and associated gas output of LUKOIL Group available for sale was 13.955 bcm, which is 2.5% more than in 2006.

LUKOIL production growth rates were impacted by the sale of a 50% stake in Caspian Investments (former Nelson Resources), engaged in hydrocarbon exploration and production in Kazakhstan, in the end of April as well as by the significant limitations placed by Gazprom on natural gas intake in June–October due to warm winter of 2006–2007.

Throughputs at the Company’s own refineries in Russia grew by 7.7% y-o-y, to 42.548 mln tons, due to LUKOIL refining capacity expansion and modernization as well as a high refinery margin in Russia. The Nizhny Novgorod refinery accounted for most of the growth. Throughputs at own foreign refineries grew by 2.5%, to 9.616 mln tons in 2007. Throughputs at LUKOIL own refineries in Russia and abroad totaled 52.164 mln tons, up 6.7% y-o-y.