Lukoil introduces new financial standards

Russian Lukoil has elevated its financial system to the level of world standards. An audit conducted on March 22 is going to allow the company to access the international securities market. The transition has provided Lukoil with the opportunity of placing its shares in international financial markets.

According to a source from the company, as where in 1992 a share cost $2.5 and in 1999 $15, last year’s indicator was twice higher.*