Press releases

Vagit Alekperov, President of OAO LUKOIL, and Gennady Fadeyev, President of JSC “Russian Railways”, signed an agreement on railway deliveries of oil and oil products to “LUKOIL-II” distribution and transshipment complex at Vysotsky Island, Leningrad region.

A public organization called “Real Acts Ecological Movement” named LUKOIL an exemplary company in terms of environmental safety for its weighty contribution to nature protection.

The BoD of LUKOIL met today in Moscow and set priorities for the Company’s business in 2005.

Vagit Alekperov, President of OAO LUKOIL, and Sergey Kuznetsov, Vice-President of BALT-TRADE Fuel Company, signed an agreement yesterday, stipulating an acquisition of BALT-TRADE’s 37 filling stations in Saint-Petersburg and Leningrad region by LUKOIL.

OAO LUKOIL has been named “The Company of the Year” in the Business Reputation nomination of the VI National Prize for Achievements in Business. The Prize was sponsored by “Rosbusinessconsulting” information agency. The Company’s annual report was named the best in the “Internet” nomination of a contest organized by “Expert” magazine.

LUKOIL completed a transaction to acquire ENI Group's 50 percent interest in LUKAgip N.V. initiated in June of 2004.

The Management Committee of OAO LUKOIL has reviewed the Development Concept of Air Bunkerage Business. Bunkerage development is a part of the LUKOIL Group Strategic Development Program for 2004-2014.

The Management Committee of OAO LUKOIL resolved to reduce gasoline and diesel fuel retail prices by 5% at all of its proprietary sites across Russia starting from today.