LUKoil is one of the world’s leading vertically integrated oil and gas companies. Its main activities include oil and gas exploration and production, 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 petrochemicals plants located in Russia, Eastern Europe and the Middle East. Most of its output is sold on the international market. LUKoil petroleum products are sold in Russia, Eastern and Western Europe, the Middle East and the US.