Press Releases

The OAO LUKOIL Press Service announces that the Company has elaborated and submitted to the Federal Anti-Monopoly Service of the Russian Federation (FAS) application proposals for the Pricing Methodology for petroleum products sold at wholesale markets in the territory of theRussian Federation.

LUKOIL Group total hydrocarbon production available for sale reached 2,214 th. boe per day in nine months of 2009, which is a 1.1% increase y-o-y. Crude oil production by LUKOIL Group increased by 3.3% y-o-y to 1,978 th. barrels per day.

LUKOIL conducted an oil spill response exercise in theCaspian Sea today aimed at the rectification of the consequences of uncontrolled blowouts in the course of construction of appraisal wells.

LUKOIL has provided financial support to the State Tretyakov Gallery to professionally restore the painting “A Fair by the Quay in Archangel” by the famous Russian painter Konstantin Korovin.

LUKOIL ranked 8th among European, Middle East and African companies and 12th among global companies in the American energy agency Platts 2009 ‘Top 250 Energy Companies’ List.

Today, OAO LUKOIL Board of Directors held a meeting in Moscow to approve the LUKOIL Group Strategic Development Program for 2010-2019. The program is a revised version of the LUKOIL Group Strategic Development Program for 2008 – 2017 approved by the Board of Directors in 2007. The Program was amended to reflect the updated macroeconomic and marketing forecasts in the RF and foreign countries for 2010 – 2019 in view of the global financial and economic crisis.

Vagit Alekperov, OAO LUKOIL President, and Alexei Gordeev, Governor of Voronezh region, signed a cooperation agreement between the Company and the Government of the Region in Voronezh today.

The Press Service of OAO LUKOIL brings to the attention of all concerned parties the fact that on May 5,2009 a company named OAO Southern Generating Company TGK-8 (tax payer ID 484047501, primary state registration number 1094823004847) was registered at the following address: building 5A, Zhukovskogo St., Lipetsk, 398006, using a name confusingly similar to that of OOO Southern Generating Company TGK-8, a LUKOIL Group company.