Press Releases

The meeting of LUKOIL Board of Directors has taken place in Moscow today, where, in particular, a new Management Committee has been elected.

LUKOIL President, President of International Group of Companies ITERA, Deputy Prime Minister of the Republic of Uzbekistan and First Deputy Chairman of National Holding Company Uzbekneftegaz have signed today in Moscow the Contract on major principles and provisions of the Production Sharing Agreement on developing oil and gas fields in Bukhara-Khivinsky and Gissarsky regions as well as conducting geological exploration in Uzbekistan.

Mr. Andrei Kuziaev (President of Lukoil Overseas) and Mr. Nicholas Gay (Bitech's President and CEO) commented on the acquisition.

President of LUKOIL Vagit Alekperov and General Director of Russian arms sales agency Rosoboronexport Andrei Belyaninov have signed today in Moscow the General agreement on cooperation between the two companies.

LUKOIL Annual General Stockholders' Meeting has taken place in Volgograd today where the annual report for 2000, financial statements and major guidelines for profit distribution were approved.