Press releases

On August 3, 2000 Moscow arbitration court ruled that the tax agency's decision to arraign LUKOIL for tax evasion was illegal.

The representatives of the oil companies, YUKOS and LUKOIL, and OAO Gazprom have announced a foundation of the Caspian Oil Company (COC) and signed the charter documents of the new company in Moscow today.

LUKOIL President Vagit Alekperov and Ukrainian President Leonid Kuchma had a meeting in Kiev on July 14, 2000.

LUKOIL has completed a development of the Corporate Program aimed at Environmental Rehabilitation of Soiled Lands and Prevention of Oil Spills at OAO Komineft throughout 2000-2005.

LUKOIL has presented a new generation of motor oils of in Moscow today.

Ravil Maganov, First Vice President of LUKOIL, and Alexander Dzhaparidze, President of PetroAlliance service company, have signed a contract to develop an integrated corporate network for oil and gas reservoir prospecting and engineering in Moscow today.

LUKOIL Annual Shareholders Meeting (AGM) has been held in Perm today. Shareholders approved a report of the Board of Directors on the Company's financial and operating performance in 1999, balance sheet, statement of income and loss and use of undistributed profit.

Vagit Alekperov, President of LUKOIL, and Natik Aliyev, President of the State Oil Company of Azerbaijani Republic (SOCAR), have signed an Agreement on main principles and conditions of rehabilitation, prospecting and production sharing for the oil block including the Zykh and Govsany fields in Azerbaijan.