Press Releases

OAO LUKOIL has mandated ABN AMRO and CALYON to arrange an unsecured US$ 250,000,000 Term Loan Facility (the ‘Facility’).

OAO LUKOIL Press Service is warning all interested parties against unscrupulous practices of Global Travels Limited, which is hiring employees to conduct work in the UK supposedly on behalf of OAO LUKOIL.

Vagit Alekperov, OAO LUKOIL President, and Nikolai Shaklein, Kirov region Governor, have signed a cooperation agreement between the Government of the region and the Company.

Today in Moscow Vladimir Nekrasov, OAO LUKOIL First Vice-President, and Erik Eberhardson, OOO GAZ Group CEO, have signed a cooperation agreement between the companies for 2007-2010.

OOO LUKOIL-Western Siberia (a 100% subsidiary of OAO LUKOIL) and OAO Aviadvigatel have signed a contract to construct a gas-turbine power station with the capacity of 72 MW to supply electric power to Vatyeganskoye oil field, one of the largest ones in the region.

As reported earlier, on March 10, 2007 at 12:47 p.m. a fire broke out in OOO LUKOIL-Volgogradneftepererabotka ELOU-AVT-6 Unit (fuel production) and was brought under control 2 hours later.

OAO LUKOIL has completed an evaluation and independent audit of its oil and gas reserves as at January 1, 2007.

Today Vagit Alekperov, OAO LUKOIL President, Dmitry Kozak, Authorized Representative of the RF President in the Southern Federal District, Vladimir Katrenko, Deputy Chairman of the State Duma, Alexander Chernogorov, Governor of Stavropol Region and Yury Luzhkov, Moscow Mayor, attended an official ceremony in Budennovsk devoted to commissioning a polypropylene production unit at OOO Stavrolen, part of the LUKOIL Group.

OAO LUKOIL Press Service reports that according to the resolution of the Russian Federation Government dated February 22, 2007 No.121, a number of senior officers of the Company and its subsidiaries were awarded the Russian Federation Government prize for science and technology 2006 and given the title of the Russian Federation Government Prize Winner for science and technology.