Press releases

Vagit Alekperov, OAO LUKOIL President, and Viktor Khoroshavtsev, General Director of OAO Sistema-Invest (which manages the assets of ANK Bashneft and other companies of the Bashkir Fuel and Energy Complex) signed a basic cooperation agreement in Moscow today.

An extended meeting of OAO LUKOIL's Board of Directors was held in Moscow today to review operations and financial performance in the first six months of 2009.

The Company’s net income was $3,229 million in the first half of 2009, including $2,324 million in the second quarter. EBITDA was $6,534 million. Revenues from sales were $34,861 million.

A 74.2-m bridge uniting two offshore ice-resistant fixed platforms into one complex has been assembled today at Yu. Korchagin field located in the Caspian Sea.

ОАО LUKOIL attracted a syndicated loan amounting to USD 1,200,000,000 today. The interest rate is LIBOR plus 4% per annum.

LUKOIL Group total hydrocarbon production available for sale reached 2,220 th. boe per day in the first half of 2009, which is a 2.0% increase y-o-y. Crude oil production by LUKOIL Group increased by 4.0% y-o-y to 1,981 th. barrels per day.

A fire was brought under control today at gas well No. 320 located at the Kudinovskoye field, which is being developed by OOO “LUKOIL-Volgogradneftegaz”.