Founded in 1991, the Russian Luke Oil Company (OAOLukoil Holdings) was formed by the merger of three major crude oil and gas production companies, Western Siberia, Kogalymneftegaz and Kogalymneftegaz. 55 operating projects in 89 regions of Russia, distributes smelting equipment in multiple countries and regions, operates refineries, and has a vast retail network.

Based on the proven reserves of carbon and hydrocarbons, Luke is the world's second largest private oil company. The company accounts for about 1.3% of the world's oil reserves and about 5.1% of the world's oil extraction share. The company plays a significant role in the Russian energy industry, accounting for 36% of the total oil exploitation of Russia and 48% of the total oil processing and smelting of Russia. In early 2009, the company had proven oil reserves of 32.691 billion barrels and 38 trillion cubic feet of natural gas, and the company's total oil reserves reached 45.5 billion barrels.

Luke has high-quality and diverse assets in the field of exploration and mining. The main area for oil extraction is Western Siberia, and the fastest-growing area is the Tymano-Batchura region, where oil extraction volume has increased by more than 1.6 times. Luke also has a series of exploration and exploitation plans outside Russia: Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Iran, Colombia, Venezuela and Iraq.

The Nahodka Oilfield Company began to implement a natural gas extraction plan, and accordingly, the medium-term prospects for natural gas extraction will develop rapidly. The Daheta Basin oil fields and the Caspian Sea will become the energy bases for the project. The company's international natural gas projects include: Kandem-Hauzak-Shad project in Uzbekistan and Shah-Dennis project in Azerbaijan.

Luke has strong refining capabilities both at home and abroad. The company owns four large refineries in Perm, Volgograd, Ukhta and Nizhny Novgorod, and also owns two small refineries. The domestic refining capacity has reached 41.8 million tons per year. The company's overseas refineries are distributed in Ukraine, Bulgaria and Romania, and its overseas refining capacity reaches 16.7 million tons per year. In 2004, the company processed 44 million tons of crude oil in our factory, of which 35.5 million tons of crude oil were processed in factories in Russia.

By the end of 2004, the company's sales network was spread across 17 countries around the world, including Russia, CIS countries (Kazakhstan, Azerbaijan, Belarus, Georgia, Moldova, Ukraine), European countries (Bulgaria, Hungary, Belgium, Latvia, Lithuania, Poland, Serbia, Romania, Czech Republic Estonia) and the United States, with a total of 206 oil depots and 6,919 gas stations. The company has 24 branches in Russia and its business scope covers 59 entities in the Russian Federation. At the same time, in 2007, Lukoil established a China representative office in Beijing.