Press releases

Today in Zagreb (Croatia) Vadim Vorobyev, Vice-President of OAO LUKOIL, participated in the official ceremony of commissioning the first gas filling station constructed by the Company on the land plot acquired under the agreement with EUROPA-MIL.

Vagit Alekperov, OAO LUKOIL President, participated in the official opening of an exhibition in Moscow today. Titled “The Nobel Dynasty for Russia”, it is dedicated to the 130th anniversary since the establishment of “The Nobel Brothers’ Petroleum Company” and the 150th anniversary of Emmanuel Nobel who held the position of head of the Company for 30 years.

LUKOIL has successfully completed transportation and assembly operations aimed at mounting topside on the jacket of the offshore ice-resistant stationary platform (IRP-2), which is part of the construction facilities at Yu. Korchagin field located in the Caspian Sea.

At its session today the Board of Directors of OAO LUKOIL granted preliminary approval to OAO LUKOIL 2008 Annual Report in accordance with the Federal Law of the Russian Federation “On Joint-Stock Companies” and the Charter of the Company.

LUKOIL continues to increase the number of enhanced oil recovery (EOR) techniques.

LUKOIL Group total hydrocarbon production available for sale reached 2,225 th. boe per day in the first quarter of 2009, which is a 1.5% increase y-o-y. Crude oil production by LUKOIL Group increased by 3.2% y-o-y to 1,976 th. barrels per day.