Press releases

LUKOIL effected today the first large-tonnage oil shipment to a reinforced ice-breaking tanker (DWT 70,000 tons) through the fixed offshore ice resistant oil terminal (FOIROT) of the Varandey oil export terminal located in the coastal zone of the Barents Sea in the Nenets Autonomous District.

LUKOIL publishes consolidated US GAAP financial accounts for the first quarter of 2008.

OAO LUKOIL Management Committee has reviewed the annual report titled ‘Health, Safety and Environment in OAO LUKOIL’.

A children’s painting exhibition titled I am Drawing the Kremlin displaying works of contest winners was held today in the grand hall of the Armory Chamber, the Moscow Kremlin Museums.

A major oil-and-gas-condensate field has been discovered at Tsentralnaya structure in the Caspian by OOO TsentrKaspneftegas (a joint venture of OAO LUKOIL and OAO Gazprom).

OAO LUKOIL Management Committee approved management concept of LUKOIL Group electric power assets.

At its session today the Board of Directors of OAO LUKOIL has granted preliminary approval to OAO LUKOIL 2007 Annual Report in accordance with the Federal Law of the Russian Federation “On Joint-Stock Companies” and the Charter of the Company.