Press releases

OAO LUKOIL finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2012. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial production is reached.

The Board of Directors of OAO LUKOIL approved lists of candidates for election of the Board of Directors and the Audit Commission at the 2013 Annual General Shareholders Meeting.

Vagit Alekperov, OAO LUKOIL President, met with Nursultan Nazarbayev, President of the Republic of Kazakhstan, as part of his working visit to Kazakhstan.

LUKERG Renew (a parity-based joint-venture of LUKOIL-Ecoenergo and the Italian ERG Renew) acquired a 100% interest in the Romanian company Land Power SRL, which holds a license to build a wind power station, and the rights to a land plot with an area of around 500 Ha, located in Tulcea county in the southeastern part of Romania 50 km from the Black Sea.

Vagit Alekperov, OAO LUKOIL President, and the authorized representatives of the Iraqi state-owned companies, North Oil Company and South Oil Company, signed a Supplement Agreement to the Development and Production Service Contract related to Iraq’s West Qurna-2 field, in Baghdad today.

The LUKOIL Press Service would like to announce that Vladimir Mulyak, former Vice President for Technologies and Development of Oil and Gas Fields, has been appointed Vice President for Science and Technology of the Business Segment “Geological Exploration & Production” (part-time) and General Director of LUKOIL-Engineering.

The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company’s preliminary performance results in 2012 and set priorities for 2013 and the near term.