Press Releases

In connection with rumours in mass media that LUKOIL allegedly made specific agreements on purchasing Greek refining assets, LUKOIL officially declares that such information is incorrect and misleads the participants of the financial market.

An official ceremony was held today in Leningrad Region to mark completed construction of the LUKOIL-II distribution and transshipment complex on Vysotsky Island. The designed annual capacity of the terminal is 11.6 mln tons.

A meeting of LUKOIL Board of Directors was held in Saint-Petersburg in the Taurida Palace today to consider the basic principles of intensive growth strategy for 2007-2016. The meeting considered the Company’s 2006 first half year preliminary results, budget performance and investment program progress in the current year and also discussed the issue of the LUKOIL Group activity in North-West federal district of the Russian Federation (NWFD).

LUKOIL and Slovenian company Petrol have made a framework agreement on creating a joint venture for oil products sales on the territory of the Balkan countries.

LUKOIL performed in full its obligations of the technical part of the porgramme of humanitarian aid to the Ministry of Oil of Iraq.

OAO LUKOIL and an Algerian state oil company Sonatrach signed Memorandum of Understanding today in Moscow. The Memorandum deals with issues of mutual cooperation in the area of exploration and oil-gas field development, petroleum refining.