Press Releases

Vagit Alekperov, President of OAO LUKOIL, and Grigory Rapota, Plenipotentiary of the RF President in the Volga Federal District, participated in the festive ceremony held in Perm today to honor the 50th anniversary of OOO “LUKOIL-Permnefteorgsintez”.

In view of the crisis witnessed on the global financial markets and the trend for global economic downturn, the Company has taken measures to optimize the plans aimed at ensuring the Company’s own surplus funding in 2009-2011, sufficient financing of key development projects, dividend payments in accordance with the Company’s dividend policy.

The Program is aimed at improving the environmental management system and minimizing the negative environmental impact caused by the Company’s operations.

LUKOIL Press Service reports that the Company continues scheduled petroleum products price reduction, which began in August/September, 2008.

LUKOIL Group (subsidiary companies and LUKOIL’s share in output by equity affiliates) total hydrocarbon production available for sale reached 2.21 mln boe per day in the third quarter of 2008, up 4.1% y-o-y. Hydrocarbon production available for sale increased by 0.4% y-o-y to 2.19 mln boe per day in 9M 2008.

LUKOIL ranked 8th among European,Middle East and African companies and 11th among global companies in the American energy agency Platts 2008 ‘Top 250 Energy Companies’ List.

LUKOIL rates first among oil and gas companies in terms of the amount of funds allocated for charity based on the results of the third annual Contest “Russia’s Corporate Donor”.