Press releases

Today in New York the President of LUKOIL, Vagit Alekperov, presented main principles of the Company’s strategic development program for 2007-2016 to the business community.

The Board of Directors of OAO “LUKOIL” (“LUKOIL”) made a decision on the placement and emission of 8,000,000 non-convertible documentary interest-bearing bonds to bearer (the “Bonds”). The nominal value of each Bond is 1,000 roubles. The Bonds will have ten coupon periods. The maturity period of the Bonds will be five years.

With reference to statements produced by the Ministry of Natural Resources of the Russian Federation on possible revocation of OAO LUKOIL licenses for several fields in the Komi Republic and Khanty-Mansi Autonomous District, OAO LUKOIL Press Service makes the following statement.

Today in Perm at OOO LUKOIL-Permnefteorgsintez an automated terminal, which is the first phase of lubricant production, packaging, storage and shipment unit was commissioned.

Today Vagit Alekperov, OAO LUKOIL President, attended an official ceremony devoted to commissioning the Lokosovskiy gas processing unit production facilities after an upgrading process.