Press Releases

Vagit Alekperov, OAO LUKOIL President, and Leonid Polezhaev, Governor of the Omsk Region, signed a cooperation agreement between the Company and the Region.

In response to the fact that two U.S. congressmen have sent a letter to the U.S. President accusing LUKOIL of violating sanctions against Iran, the Company’s press service would like to announce the following:

Today LUKOIL has sent an open letter to the said U.S. congressmen to stress once again that the information published by several mass media claiming that LUKOIL engaged in sales of petroleum products to Iran in violation of the United States sanctions subsequent to enactment and implementation of the Comprehensive Iran Sanctions Accountability and Divestment Act of July 1, 2010 (CISADA) is erroneous.

Vladimir Putin, Head of the RF Government, visited the ООО “LUKOIL-Nizhegorodnefteorgsintez” refinery in the city of Nizhny Novgorod today.

Dmitry Medvedev, President of the Russian Federation, bestowed the order ‘For Services to Russia’ (third grade) on Vagit Alekperov, President of OAO LUKOIL, in the Kremlin today.

Vagit Alekperov, OAO LUKOIL President, inserted a time capsule today into the foundation of new buildings under construction at the corporate headquarters in Moscow.

Today OAO LUKOIL has made partial advance payment for a loan of USD 1.2 billion attracted in August 2009, with the maturity of 3 years.

Advance payment of USD 500 million was made on account of the Company’s internal funds generated during the first half of 2010, which proves a strong financial position and sufficient liquidity level of the LUKOIL Group.

OAO LUKOIL Press Service announces that Mr. Vagit Sharifov, former Vice President of the Сompany, Head of the Main Division of Control and Internal Audit, has retired from his post.

The OAO LUKOIL Press Service brings to the attention of all concerned parties the fact that the Company President, Vagit Alekperov.