Russian President Vladimir Putin has dished out honours to a clutch of the top brass at privately held oil giant Lukoil.

The executive order, signed recently by Putin, grants Orders of Honour to the company's first vice president Vadim Vorobyov as well as vice president for economics and planning Gennady Fedotov.

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Also receiving the same accolade is Andrei Bogdanov, Nikolai Lyasho and Maksim Khitrov, all of whom are general directors of company offshoots.

Lukoil said this week that the honours were made in recognition of the employees' "achievements and decades-long dedicated work".

Senior vice president for sales and supplies, Oleg Pashaev, was handed the Order of Friendship, as was Roger Munnings, a board member and chairman of the Russo-British Chamber of Commerce.

Lukoil said Munnings received his accolade "for his significant contribution to the development of commercial, economic and cultural co-operation between the Russian Federation and the [UK]".

The award ceremony will take place within the framework of celebrations of Lukoil's 30th anniversary.