OAO LUKOIL, through its subsidiaries, engages in the exploration, production, refining, marketing, and distribution of oil and gas in Russia and internationally. It primarily produces crude oil and natural gas. The company’s exploration and production activities are primarily located in Russia, Azerbaijan, Kazakhstan, Uzbekistan, the Middle East, Colombia, and northern and western Africa. As of December 31, 2006, it had oil and gas proved reserves of 20,360 millions of barrels of oil equivalents; probable reserves of 12,340 millions of barrels of oil equivalents; and possible reserves of 6,022 millions of barrels of oil equivalents. The company also involves in refining, marketing, and distribution activities that include processing of crude oil into refined products; and trading and transporting of crude oil, natural gas, and refined petroleum products. In addition, it refines and sells chemical products, as well as engages in banking and finance activities. Further, OAO LUKOIL operates 289 retail petrol stations and 132 retail diesel fuel outlets, as well as engages in the wholesale of refined oil products, and production and sale of lubricants. The company was founded in 1993 and is based in Moscow, Russia.