LUKOIL received 49% of Laiavozhneftegaz for 11.4 billion rubles

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AK&M 30 June 2022 17:18

LUKOIL received 49% of Laiavozhneftegaz for 11.4 billion rubles. The seller is Gazprom Dobycha Krasnodar LLC, the buyer is LUKOIL-Komi LLC. This is stated in the message Gazprom.

Earlier, information appeared in the Unified State Register of Legal Entities that LUKOIL became an equal co-owner of Layavozhneftegaz.

Gazprom and LUKOIL announced the creation of a joint project company Layavozhneftegaz in March 2021. It was noted that the company will design the development and arrangement of deposits.

LLC "Layavozhneftegaz" (LVNG) was registered on March 15, 2021. At the time of registration, 99% belonged to Gazprom Dobycha Krasnodar LLC, 1% belonged to LUKOIL-Komi LLC.

In December 2021, following a meeting between Alexey Miller, Chairman of the Gazprom Management Board, and Vagit Alekperov, President of PJSC LUKOIL, it was announced that Gazprom had transferred a license for the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Okrug to a joint venture with LUKOIL. The total recoverable reserves of liquid hydrocarbons of the two fields are 27.4 million tons, natural gas – 225.3 billion m3.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for 2021 amounted to 2.16 trillion rubles. compared with 162.4 billion rubles a year earlier. EBITDA increased by 151% to RUB 3.68 trillion. Net revenue from gas sales increased by 85% to RUB 5.65 trillion from RUB 3.05 trillion. Net revenue from the sale of oil and gas processing products increased by 44% to 2.59 trillion rubles. Net revenue from the sale of crude oil and gas condensate increased by 81% to 882.15 billion rubles.

PJSC LUKOIL (TIN 7708004767) is the second company in the Russian Federation in terms of oil production. The largest stake in the company is controlled by its management. 

LUKOIL's RAS net profit for the first half of 2021 increased by 33% to 145.56 billion rubles from 109.19 billion rubles a year earlier. Revenue increased 5 times to 910.36 billion rubles from 173.88 billion rubles, gross profit – almost 1.5 times to 241.55 billion rubles from 164.59 billion rubles, profit before tax – by 39% to 151.9 billion rubles from 109.3 billion rubles.

LUKOIL's net profit under IFRS for 2021 increased 50.9 times to 773.4 billion rubles from 15.2 billion rubles a year earlier. Sales revenue increased by 67% to 9.4 trillion rubles from 5.64 trillion rubles, EBITDA increased by 2 times to 1.4 trillion rubles from 687.1 billion rubles.