Press Releases

The first group of Iraqi specialists came toRussia in 2006 for secondment training at LUKOIL’s training centers and plants.

Today, LUKOIL and OAO Udmurttorf have signed an Agreement on the acquisition of 41.8 per cent of OAO Udmurtnefteproduct’s shares.

Today, Vagit Alekperov, President of OAO LUKOIL, and Alexander Volkov, President of the Republic of Udmurtia, have signed in Izhevsk an Agreement for Cooperation between the Government of the Republic of Udmurtia and the Company.

LUKINTER FINANCE B.V., an indirect wholly-owned subsidiary of OAO LUKOIL, has paid a six-month interest on Convertible Eurobonds.

Today, OAO LUKOIL’s Board of Directors held its meeting in Moscow. In accordance with the Federal Law of the Russian Federation for Joint-Stock Companies and in compliance with the Company Charter, the 2005 Annual Report passed preliminary approval of the Board. The document was submitted for consideration of the General Shareholders Meeting scheduled for June 28, 2006.

LUKOIL publishes today consolidated US GAAP financial accounts for 2005.

LUKOIL’s Management Committee discussed the annual report on the state of industrial, occupational and environmental safety in the Company.

OAO LUKOIL acting through its fully owned subsidiary OOO “LUKOIL – Western Siberia” and Marathon Oil Corporation have reached agreement on the acquisition by LUKOIL of exploration and production business interests of Marathon Oil Corporation in Khanty-Mansiysk Autonomous Region of Western Siberia.

Readers of the American Global Finance magazine named LUKOIL the best oil and gas company in Russia.