Press releases

The Program is aimed at providing LUKOIL Group organizations with efficient insurance coverage in 2010 against various risks which might pose a threat to the Company’s operations, the welfare and well-being of the employees, and/or the property interests of the Company's shareholders and investors.

Vagit Alekperov, OAO LUKOIL President, and Igor Rusu, General Director of FSUE Rosmorport, signed a cooperation agreement in Moscow today.

OAO LUKOIL yesterday closed the book on an offering of the stock exchange bonds of the BO-06 and BO-07 series with a total volume of RUR 10 billion.

Vagit Alekperov, OAO LUKOIL President, and Igor Sechin, Deputy Chairman of the RF Government, today visited the fixed offshore ice-resistant platform (FOIRP) at Yu. Korchagin field, located in the Russian sector of theCaspian Sea.

According to the Agreement, LUKOIL will finance a number of projects aimed at constructing and repairing the housing and utilities infrastructure in the Tazovsky and Purovsky regions of the Yamalo-Nenets Autonomous District, totaling RUR 33 million in 2010.

According to the agreement, LUKOIL will finance the construction and repair of various social facilities, sporting events and charitable projects throughout 11 municipal entities of the Khanty-Mansi Autonomous District – Yugra, totaling RUR 1.4 billion in 2010.

The document contains both a base case scenario of the plan, elaborated in accordance with the Company’s Strategic Development Program for 2010-2019, and a more conservative development scenario.

The Minister of Oil of the Republic of Iraq Hussein al-Shahristani announced today in Bagdad that a consortium consisting of LUKOIL and Norway’s Statoil won the tender to develop the major West Qurna-2 oilfield. The recoverable reserves of the field are estimated at 12.9 billion barrels.

LUKOIL bought out a 46 per cent stake in the LUKARCO B.V. joint venture from British Petroleum today. Thus, LUKOIL has become owner of a 100 per cent stake in LUKARCO B.V.