whose name came from the first letters of the three companies that consolidated-- Langepas, Urai and Kogalym. Today LUKoil is among the world's most powerful oil companies, with reserves second ...

Lukoil, whose name comes from the names of west Siberian towns Langepas, Urai and Kogalym, has struggled with falling oil production at its brownfield sites. Its oil output fell by 9 percent last ...