Press Releases

OAO LUKOIL President Vagit Alekperov starts his business trip to Komi Republic today. Mr. Alekperov will visit some of OOO "LUKOIL-Komi" production facilities and will hold meetings with the management of the subsidiary enterprises in Usinsk.

A Cooperation Agreement was signed today in Vladimir by the Governor of Vladimir region Nikolai Vinogradov and LUKOIL’s President Vagit Alekperov.

On March 14th the Daily “Vedomosti” published an interview with the Federal Service of Tax Police (FSTP) Director, Mikhail Fradkov where he claimed that in 2000 OAO LUKOIL has hidden some of its revenues from the government regulatory authorities. The conclusions were based on the “average Urals price”. Following the publication, the Company's Press makes an official statement.

LUKOIL’s Board has made a decision to sell off a “LUKOIL Overseas Holding LTD.” share in projects in Sakhalin and Morocco. By doing so LUKOIL completes the process of Bitech Petroleum Corporation (initially bought by LUKOIL Overseas Holding LTD. in the beginning of July, 2001) assets restructuring.

OAO LUKOIL thoroughly reviews oil business activities of other countries and LUKOIL’s representatives have, among others, visited Peru, where they have held negotiations with the prospective partners.

A Cooperation Agreement was signed yesterday in Astrakhan by the Head of Astrakhan Region administration Anatoly Guzhvin and LUKOIL’s President Vagit Alekperov.