LLC YaregaRuda, LLC LUKOIL-Komi (PJSC LUKOIL)

PJSC LUKOIL is one of Russia’s largest publicly traded vertically integrated oil and gas companies, headquartered in Moscow and listed on the Moscow Exchange (MCX: LKOH). Through subsidiaries including LLC LUKOIL-Komi and the affiliated LLC YaregaRuda, the company is involved in critical-minerals development at the Yarega field in the Komi Republic, a unique combined petroleum-titanium-rare earth element (Ti-REE) deposit hosted in oil-bearing sandstone and ranking among the largest titanium ore resources in Russia. The Yarega project is positioned to supply titanium and rare earth raw materials as part of Russia’s national program to expand domestic rare earth and critical-metals production. LUKOIL’s core business spans exploration, production, refining and distribution of oil and natural gas across Russia and internationally. With a market capitalisation of roughly US$49 billion in 2026, LUKOIL ranks among Russia’s most valuable companies despite significant valuation pressure.