LukOil OAO is engaged in the exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of these outputs. It operates within the following business segments: Exploration and Production; Refining, Marketing and Distribution; Chemicals; Power Generation and Other segment. The Exploration and Production segment explores for, develops and produces primary crude oil. The Refining, Marketing and Distribution segment processes rude oil into refined products and purchases, sells and transports crude oil and refined petroleum products. The Chemicals segment refines and sells chemical products. The Power Generation segment produces steam and electricity, distributes them, and provides related services. The activities of the Other business operating segment include business beyond the company's traditional operations. The company was founded on November 25, 1991 and is headquartered in Moscow, Russia.