OAO LUKOIL announced sales and production results for the year 2014. For the period, the estimated oil production increased by 7% and totaled 97.2 million tons, including 86.3 million tons in Russia and 10.9 million tons overseas. The increase in overseas oil production is attributable to the commissioning of West Qurna-2 oil field in Iraq.

The 2014 volume of retail sales of petroleum and gas products totaled 15.2 million tons. In Russia, the volume of retail sales of fuel increased by 6% and totaled 9.7 million tons.