Category: Oil and Gas

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LUKOIL SIGNED AN AGREEMENT WITH CARLYLE TO SELL ITS FOREIGN ASSETS

Translation. Region: Russian Federation –

Source: LUKOIL – LukOil – An important disclaimer is at the bottom of this article.

January 29, 2026 { 01/29/2026 9:31:30 AM }

PJSC LUKOIL (hereinafter referred to as the Company) announces the signing of an agreement with the American investment company Carlyle for the sale of LUKOIL International GmbH (a wholly-owned subsidiary of PJSC LUKOIL, which owns the LUKOIL Group's foreign assets). This transaction does not include assets in the Republic of Kazakhstan, which will remain the property of the LUKOIL Group and continue to operate under the relevant license. The agreement is not exclusive to the Company and is subject to a number of conditions precedent, including obtaining the necessary regulatory approvals, including clearance for the transaction with Carlyle from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). The Company is also continuing negotiations with other potential buyers. The sale of LUKOIL International GmbH is related to the introduction of restrictive measures by certain governments against PJSC LUKOIL and its subsidiaries.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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The general meeting of shareholders of PJSC LUKOIL approved the payment of interim dividends.

Translation. Region: Russian Federation –

Source: LUKOIL – LukOil – An important disclaimer is at the bottom of this article.

December 30, 2025 { 12/30/2025 12:31:30 PM }

PJSC LUKOIL announces the results of the General Meeting of Shareholders held on December 29, 2025, by absentee voting. The Company's shareholders have decided to pay dividends on ordinary shares of PJSC LUKOIL based on the results of the first nine months of 2025 in the amount of 397 rubles per share. The date on which persons entitled to receive dividends are determined is set as January 12, 2026. Dividends will be paid from the PJSC LUKOIL account in cash to nominee holders and trust managers who are professional participants in the securities market and registered in the Company's shareholder register no later than January 23, 2026, and to other persons registered in the PJSC LUKOIL shareholder register no later than February 13, 2026.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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With the support of Lukoil, the opening of the Lefortovsky electric power hub took place.

Translation. Region: Russian Federation –

Source: LUKOIL – LukOil – An important disclaimer is at the bottom of this article.

December 25, 2025 { 12/25/2025 3:04:36 PM }

LUKOIL PJSC has completed a joint project with Mosenergo PJSC to build the Lefortovo charging hub for electric vehicles in Moscow. The hub is located in the Eastern Administrative District, near the CHPP-11 power plant and the capital's major highways—the Third Transport Ring, Moscow Highway, and Shosse Entuziastov. The hub includes nine 120 kW fast charging stations, as well as Moscow's first 240 kW station with a 500 A connector. They are equipped with the most popular GB/T, CCS2, and NACS connectors (for Tesla electric vehicles). The average charging time is approximately 30 minutes, and 20 vehicles can be serviced simultaneously. Electric vehicle owners are provided with a comfortable lounge area with a minimarket where they can grab a snack and purchase essentials for the road. LUKOIL is one of the leaders in developing electric charging infrastructure for "green" transport in the country. Currently, stations are installed at 134 gas stations, most of which are fast charging.

Company Profile

PJSC LUKOIL is one of the largest vertically integrated oil and gas companies in the world, accounting for over 2% of global oil production and approximately 1% of proven hydrocarbon reserves. With a full production cycle, the Company fully controls the entire value chain, from oil and gas production to petroleum product distribution. More than 100,000 people combine their efforts and talent to ensure the Company's market leadership.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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LUKOIL APPROVED A POLICY IN THE FIELD OF EXTERNAL SOCIAL ACTIVITIES

Translation. Region: Russian Federation –

Source: LUKOIL – LukOil – An important disclaimer is at the bottom of this article.

On December 23, 2025, the Board of Directors of PJSC LUKOIL approved the LUKOIL Group's External Social Performance Policy. The document sets forth project implementation standards in the regions where the Company operates and the Company's priorities in this area. Specifically, it provides for the use of a unified approach in developing social support programs to improve investment efficiency and promote the Company's initiatives. The LUKOIL Group's External Social Performance Policy was developed taking into account the goals and objectives of Russia's National Projects, the UN Sustainable Development Goals, and the principles of the UN Global Compact. The document will supplement the list of local regulations governing the social activities of LUKOIL Group organizations.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Press Center : Press Releases and Events | NOVATEK Announces Preliminary Production Results for the Second Quarter and First Half of 2025

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced preliminary production figures for the second quarter and first half of 2025.

Moscow, July 11, 2025. PAO NOVATEK (hereinafter referred to as “NOVATEK” and/or the “Company”) presented preliminary production indicators for the second quarter and first half of 2025.

In the second quarter, hydrocarbon production amounted to 167.6 million barrels of oil equivalent (boe), including 21.18 billion cubic meters of natural gas and 3.44 million tonnes of liquid hydrocarbons (gas condensate and oil). Compared to the second quarter of 2024, hydrocarbon production increased by 4.3 million boe, or 2.6%.

In the first half of the year, hydrocarbon production amounted to 336.7 million boe, including 42.53 billion cubic meters of natural gas and 6.92 million tons of liquid hydrocarbons. Compared to the first half of 2024, hydrocarbon production increased by 6.0 million boe, or 1.8%.

According to preliminary data, the total volume of natural gas sales, including LNG, in the second quarter and first half of 2025 amounted to 18.0 and 39.5 billion cubic meters, respectively, which is 1.1% and 0.5% higher than the same figures for the second quarter and first half of 2024.

The volume of deethanized gas condensate processed in the second quarter and the first half of 2025 amounted to 3.2 and 6.6 million tonnes, respectively, demonstrating an increase of 1.0% and 1.5% compared to the second quarter and the first half of 2024. In the second quarter and the first half of 2025, 2.0 and 4.2 million tonnes of stable gas condensate were processed, respectively, the volume of processing increased by 13.5% and 33.6% compared to the corresponding periods of 2024.

According to preliminary data, the total volume of liquid hydrocarbon sales in the second quarter and first half of 2025 amounted to 4.7 and 9.2 million tons, respectively, which is 18.7% and 11.8% higher than similar figures for the second quarter and first half of 2024.

As of June 30, 2025, 0.9 billion cubic meters of gas, including LNG, as well as 1.3 million tons of stable gas condensate and its processed products were reflected as “finished goods balances” and “goods in transit” in inventories.

Hydrocarbon production, taking into account the share in the production of joint ventures

2 sq.

2025

2 sq.

2024

Change

1st half

2025

1st half

2024

Change

21.18

20.60

2.8%

Natural gas, billion cubic meters

42.53

41.73

1.9%

3.44

3.37

2.2%

Liquid hydrocarbons, million tons

6.92

6.83

1.4%

167.6

163.3

2.6%

Total hydrocarbons, million boe

336.7

330.7

1.8%

1.84

1.79

2.6%

Total hydrocarbons, million boe per day

1.86

1.82

2.4%

***

The information provided in this press release characterizes the expected operating results of PAO NOVATEK for the second quarter and first half of 2025. This information is a preliminary estimate, which may be adjusted after the preparation of statistical, financial, tax, and accounting reports. Therefore, actual results and indicators may differ materially from the stated or projected operating results for the second quarter and first half of 2025. PAO NOVATEK does not undertake (and expressly declares that it has no such obligation) to update or change any statements regarding future results, whether as a result of new information, the occurrence of any future events, or for any other reasons.

PAO NOVATEK is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Press Center: Press Releases and Events | NOVATEK Announces Financial Results for the First Half of 2025

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced its financial results for the first half of 2025.

Moscow, July 30, 2025. PAO NOVATEK today published its consolidated interim condensed financial statements as of and for the six months ended June 30, 2025.

Our revenue and normalized EBITDA, including our share of joint ventures' EBITDA, for the six months ended June 30, 2025 were RUB 804.3 billion and RUB 471.8 billion, respectively, an increase of 6.9% and a decrease of 1.8%, respectively, compared to the same period in 2024. Normalized profit attributable to shareholders of PJSC NOVATEK, excluding the effect of foreign exchange differences, was RUB 237.1 billion for the first half of 2025, a decrease of 17.0% compared to the first half of 2024.

Net cash generated by the Group's operating activities amounted to RUB 195.7 billion for the first six months of 2025, an increase of 7.3% compared to the same period in 2024. Cash used to pay for capital expenditures amounted to RUB 76.4 billion for the first half of 2025.

Key performance indicators (in millions of Russian rubles, unless otherwise stated)

 

1P 2025

1P 2024

Financial indicators

    

Revenue from sales

804 320

752 404

Operating expenses

(628 438)

(571 726)

Normalized EBITDA

471 806

480 652

Profit attributable to shareholders of PJSC NOVATEK

225,697

341,677

Profit attributable to shareholders of PJSC NOVATEK, normalized excluding the effect of exchange rate differences

237,057

285,580

Long-term assets

3,170,716

3,033,107

Long-term liabilities

359,999

459 192

Net debt

108 379

139,807

Production volume

    

Hydrocarbon production (million boe)

337

331

Average daily production (million boe per day)

1.86

1.82

Cash flow

    

Net cash provided by operating activities

195,689

182,434

Cash used to pay for capital investments

76,439

122,047

The disclosed consolidated interim condensed financial statements of PJSC NOVATEK and notes thereto are available on the website of PJSC NOVATEK (www.novatek.ru).

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Press Center: Press Releases and Events | The Board of Directors of PJSC NOVATEK recommended dividends for the first half of 2025.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

The Board of Directors of PJSC NOVATEK recommended dividends for the first half of 2025.

Moscow, August 22, 2025. The Board of Directors of PJSC NOVATEK (hereinafter referred to as "NOVATEK" and/or the "Company") discussed the Company's operating results for the first half of 2025 and decided to hold an extraordinary absentee vote of the General Meeting of Shareholders of PJSC NOVATEK (hereinafter referred to as the "Meeting") with the closing date for accepting voting ballots being September 24, 2025. The Board of Directors approved the following agenda for the Meeting:

On the payment of dividends based on the results of the first half of 2025.

The Board of Directors recommended that the Extraordinary General Meeting of Shareholders adopt a decision to pay dividends on ordinary shares of PJSC NOVATEK based on the results of the first half of 2025 in the amount of 35.50 rubles per share.

The list of persons entitled to vote in decisions taken by the general meeting of shareholders will be compiled on September 1, 2025. The Board of Directors proposed setting the date on which persons entitled to receive dividends are determined as October 6, 2025.

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Press Center: Press Releases and Events | The Extraordinary General Meeting of Shareholders of PJSC NOVATEK approved interim dividends.

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

The extraordinary general meeting of shareholders of PJSC NOVATEK approved interim dividends

Moscow, September 26, 2025. At the Extraordinary General Meeting of Shareholders of PJSC NOVATEK held on September 24, 2025, a decision was made to pay dividends based on the results of the first half of 2025.

The approved dividend amount is 35.50 rubles per ordinary share. The dividend election date is October 6, 2025.

NOVATEK PJSC is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Press Center : Press Releases and Events | NOVATEK Announces Preliminary Production Results for the Third Quarter and Nine Months of 2025

Translation. Region: Russian Federation –

Source: NOVATEK – Novatec – An important disclaimer is at the bottom of this article.

NOVATEK announced preliminary production figures for the third quarter and nine months of 2025.

Moscow, October 14, 2025. PAO NOVATEK (hereinafter referred to as “NOVATEK” and/or the “Company”) presented preliminary production indicators for the third quarter and nine months of 2025.

In the third quarter, hydrocarbon production amounted to 161.4 million barrels of oil equivalent (boe), including 20.13 billion cubic meters of natural gas and 3.52 million tonnes of liquid hydrocarbons (gas condensate and oil). Compared to the third quarter of 2024, hydrocarbon production decreased by 2.0 million boe, or 1.2%.

In the first nine months of 2025, hydrocarbon production totaled 498.1 million boe, including 62.66 billion cubic meters of natural gas and 10.44 million tons of liquid hydrocarbons. Compared to the same period in 2024, hydrocarbon production increased by 4.0 million boe, or 0.8%.

According to preliminary data, the total volume of natural gas sales, including LNG, in the third quarter and for the first nine months of 2025 amounted to 16.3 and 55.8 billion cubic meters, respectively, which is 3.1% and 0.6% lower compared to the corresponding periods of 2024.

The volume of deethanized gas condensate processed in the third quarter and for the first nine months of 2025 amounted to 3.3 and 10.0 million tonnes, respectively, demonstrating an increase of 4.7% and 2.5% compared to the same indicators for the third quarter and for the first nine months of 2024. In the third quarter and for the first nine months of 2025, 1.6 and 5.8 million tonnes of stable gas condensate were processed, respectively, the volume of processing decreased by 18.1% and increased by 13.5% compared to the same periods of 2024.

According to preliminary data, the total volume of liquid hydrocarbon sales in the third quarter and for the first nine months of 2025 amounted to 4.5 and 13.7 million tons, respectively, which is 13.2% and 12.3% higher than the same figures for the third quarter and for the first nine months of 2024.

As of September 30, 2025, 2.1 billion cubic meters of gas, including LNG, as well as 1.2 million tons of stable gas condensate and its processed products were reflected as “finished goods balances” and “goods in transit” in inventories.

Hydrocarbon production, taking into account the share in the production of joint ventures

Q3 2025 Q3 2024 Change 9 months 2025 9 months 2024 Change
20.13 20.57 -2.2% Natural gas, billion cubic meters 62.66 62.30 0.6%
3.52 3.41 3.0% Liquid hydrocarbons, million tons 10.44 10.24 1.9%
161.4 163.4 -1.2% Total hydrocarbons, million boe 498.1 494.1 0.8%
1.75 1.78 -1.2% Total hydrocarbons, million boe per day 1.82 1.80 1.2%

***

The information provided in this press release characterizes the expected operating results of PAO NOVATEK for the third quarter and nine months of 2025. This information is a preliminary estimate, which may be adjusted after the preparation of statistical, financial, tax, and accounting reports. Therefore, actual results and indicators may differ materially from the stated or projected results for the third quarter and nine months of 2025. PAO NOVATEK undertakes no obligation (and expressly declares that it has no such obligation) to update or change any statements regarding future results, whether as a result of new information, the occurrence of any future events, or for any other reasons.

PAO NOVATEK is one of the largest independent natural gas producers in Russia. In 2017, the Company entered the international LNG market with the successful launch of the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing, and marketing of gas and liquid hydrocarbons. The fields and license areas of NOVATEK's subsidiaries and affiliates are located primarily in the Yamal-Nenets Autonomous Okrug, the world's largest natural gas producing region, accounting for approximately 80% of Russia's gas production and approximately 15% of global gas production. NOVATEK is a public joint-stock company established under the laws of the Russian Federation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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LUKOIL COMPLETED THE FORMATION OF A TRANSPORT CORRIDOR OF FUEL STATIONS ON THE M-11 HIGHWAY

Translation. Region: Russian Federation –

Source: LUKOIL – LukOil – An important disclaimer is at the bottom of this article.

On November 28, 2025, LUKOIL opened its tenth filling station on the M-11 Moscow-St. Petersburg highway, completing the formation of the country's largest transport corridor on a single highway. The new flagship filling station, "Apraksin Bor-1," covers 1,200 square meters and offers an expanded range of services to customers. A distinctive feature of the station is its increased throughput: it can serve approximately 4,000 customers per day. This figure is achieved by separating passenger and truck traffic during refueling. The station is equipped with eight fuel dispensers and two high-speed pressurized diesel fuel dispensers for heavy-duty vehicles. The multifunctional road service area includes a children's playground, a sports field, a mother-and-child room, a recreation area, a dog walking area, a restaurant and summer cafe, a convenience store, a pharmacy, massage chairs, showers, and other services.

The concept is based on a comprehensive approach to providing service and a complete customer experience. Design solutions include a modern interior and exterior design, extensive use of digital technologies, and a restaurant-quality menu for LukCafe customers. As part of the "Accessible Environment" program, step-free access to the gas station and expanded aisles for people with disabilities have been installed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.