Press releases

Today in Burgas (Bulgaria) an agreement on the purchase of 58% of the Neftokhim petrochemical complex by LUKOIL Petrol, a subsidiary of LUKOIL, has been signed.

A ceremony of delivering a new ice-going tanker named "Murmansk" has been held at the MTF Schiffwerft GmbH shipyards in Wismar (Germany) today.

Today in Moscow President of LUKOIL Vagit Alekperov and General Director of Aeroflot Russian International Airlines Valeriy Okulov have signed a general cooperation agreement.

Today in Moscow President of LUKOIL Vagit Alekperov and Chairman of the Executive Committee of RAO UES (Unified Energy Systems of Russia) Anatoliy Chubais have signed an agreement on fuel oil supplies from LUKOIL's refineries to the power network of RAO UES.

An extraordinary shareholder meeting of KomiTEK held in Moscow today has decided on the early termination of authorities of the Board of Directors of KomiTEK and elected a new Board of Directors.

Today Vagit Alekperov, Chairman of the Board of Directors of LUKOIL OAO, has publicly offered to acquire up to 100% of shares in KomiTEK Oil Company OAO.

In 1H99 LUKOIL’s financial and economic position was conditioned by improved situation on the domestic and international oil markets and general economic situation in Russia.

LUKOIL Board of Directors gathered in Moscow to review results of the company's performance in 1H99 and objectives for further successful performance in 1999.

LUKOIL ahead of the payment schedule has made dividend payment to the State in full against the state-owned block of shares (26.6%), which accounted for 49 589 753 rubles 50 kopecks. Dividend-related taxes were also paid in full to the Federal budget.