Lukoil Logo PNG
Lukoil is a Russian petroleum company, which was formed in 1991 through the merger of three government-owned businesses. Lukoil is one of the hugest gas and oil corporations in the region.
Meaning and history
The state oil concern LangepasUrayKogalymneft (LUKoil) was established in 1991 as a result of a merger of three oil-producing enterprises: Langepasneftegaz, Urayneftegaz, and Kogalymneftegaz, as well as four refineries and petrochemical plants: Mazekiai, Novoufimsk, Volgogradneftepererabotka, and Permnefteorgsintez.
As a company, LUKOIL was founded in 1993 in accordance with a decree of the Russian government. In addition to the three oil and gas production associations and refineries mentioned above, it included petroleum product supply enterprises of the regions close to them. LUKOIL was created as a holding company, to which the statestakes of the enterprises included in it were transferred.
Today Lukoil is one of the largest publicly traded oil and gas companies in the world, accounting for more than 2% of global oil production and about 1% of proven hydrocarbon reserves. With a full production cycle, it controls the production chain from oil and gas production to sales of petroleum products.
Russia accounts for 89% of the company’s proven hydrocarbon reserves, most of which are located in Western Siberia.Outside Russia, 40% of proven reserves are located in Uzbekistan, where the company is implementing large gas projects.
What is Lukoil?
Lukoil is the second-largest privately owned oil and gas company in the world by proving hydrocarbon reserves. The Company’s share in world oil reserves is about 1.3% and in global oil production about 2.3%.The company is engaged in exploration and production in 14 countries: the main operations are in Russia, Central Asia, and the Middle East.
1991 – Today
Being formed in 1991, Lukoil got its first official visual identity design in 1993, and the current company’s logo is still based on that first version, which was only slightly modified through the years.
The name Lukoil was derived from the first letters of the cities, where three forming companies were located — Langepas, Uray, and Kogalym — adding “oil” to accent on the company’s profile.
2000 – Today
The Lukoil logo is composed of a wordmark and an emblem on its left. The Lukoil emblem is composed of a red square with a graphical representation of the letters “LUK”, where “L” and “K” are connected with the smooth line and a sharp angle in the right lower corner.
The vertical bar of the letter “K” is replaced by the right bar of “U”, which is floating above the L-K connecting line.
The Lukoil wordmark is executed in a bold sans-serif typeface with thick black lines, representing the company’s confidence and professionalism.
The red white and black color palette of the Lukoil visual identity is a reflection of the company’s strength and authority, its passion and its energy. It is an example of strict and modern design, which looks decent and powerful wherever it is placed on.
2021 – Today
The redesign of 2021 has introduced a hybrid logo, which contains the elements from both previous versions of the Lukoil visual identity. The badge is composed of a bright red and white emblem, with the stylized rounded “Luk” lettering over a solid red square, followed by a bold black uppercase lettering, with the letter “O” replaced by a massive black oil drop. The badge looks very strong and stable, with its color palette adding timelessness and professionalism.
