PJSC LUKOIL Board of Directors today held a meeting in Moscow to
summarize the Company's preliminary results for 2021 and determine
priorities for 2022 under the Strategic Development Programme of
LUKOIL Group for 2022-2031.
It was noted at the meeting that solid operating
and financial results for 2021 are expected particularly owing to
higher hydrocarbon production and oil refining volumes on the back of
recovery of global economy and demand for hydrocarbons, while also
due to provision of high operating flexibility and focus on higher
efficiency.
The high security of employees and continuity of
production processes in the pandemic environment were also noted, as
well as active integration of climate agenda into the main processes
of the Company.
The Board determined the following key priorities
for 2022: meeting key performance indicators, securing accident-free
operations of all LUKOIL Group entities and high efficiency and
flexibility, adherence to high investment discipline and financial
policy, implementation of decarbonization projects and further
integration of climate agenda and other sustainable development
issues into the governance system and strategy.
The Board of Directors also debriefed the
analytical report on strategies for carbon neutrality achievement.
As part of enhancement of the sustainable
development governance system, the Board of Directors approved the
Sustainable Development Policy of LUKOIL Group, which determines the
Company's position on sustainable development issues, sets the
sustainable development principles, goals and key priorities. The
Policy is accessible on the corporate web site
https://www.lukoil.com/Company/CorporateGovernance/InternalDocuments.
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