Russia's Federal Antimonopoly Service granted the application of LUKOIL-PERM LLC for buying 49.99% of the voting shares in CJSC Kama-oil, the company informed.
CJSC Kama-Oil was registered on June 26, 2006 at the Inspectorate of Russia's Ministry for Taxes and Levies in Leninsky urban district, Perm city. The company was founded by LUKOIL-Perm LLC (99%) and Tulvaneft LLC (1%) acted. Its authorized capital is RUB 6 million. In January 2007, Madura Holding Ltd acquired a 50 percent stake in Kama-Oil from LUKOIL-Perm and Tulvaneft. In late 2009, the company started oil production at the fields underlying the Verkhnekamsk potassium-magnesium salt deposit.
LUKOIL-Perm LLC is LUKOIL's subsidiary.
OJSC LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. The company's authorized capital is RUB 21,264,081.375 represented by 850,563,255 common shares at par value of RUB 0.025 currently in circulation. The largest block of the company's shares is owned by its management. In 2012, LUKOIL reduced oil production by 0.9% to 89.9 million tonnes. As of the end of 2011, LUKOIL proved reserves of hydrocarbons under SEC standards amounted to 17.3 billion barrels of oil equivalent.
US GAAP net profit of LUKOIL for 9 months 2012 decreased by 7.7% to $8.316 billion from $9.012 billion for 9 months 2011. Sales revenue was $103.152 billion (+4.1% year-on-year). EBITDA (earnings before interest, income tax, depreciation, and amortization) for 9 months decreased by 7% to $14.249 billion.
Net profit (RAS) of LUKOIL for H1 2012 increased by 27% to RUB 269.989 billion from RUB 212.916 billion for H1 2011.