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LUKOIL has petrochemical facilities in Russia (Saratovorgsintez, Stavrolen), Bulgaria (LUKOIL Neftokhim Burgas refinery with petrochemical operations), and Italy (ISAB refinery with petrochemical operations).

Starting from 1997 LUKOIL has been actively developing its petrochemical business aiming to increase the share of high value-added products and reduce dependence on the changeable environment of the global oil market. Petrochemical operations are the most complex of all the oil company's refining operations.

The Company produces pyrolysis and organic synthesis products, fuel fractions, and polymer materials, satisfying a considerable part of the domestic demand for a number of chemical products; at the same time it is a major exporter of chemical products to more than 30 countries of the world.