Press releases

Vladimir Nekrasov, ОАО “LUKOIL” First Vice-President, and Vladimir Isakov, Commander of Support and RF Deputy Minister of Defense were among the presenters of a multi-author book “Russia’s Oil and National Security” in Moscow today.

The exhibition “Magical Landscapes”, initiated by the State Tretyakov Gallery with LUKOIL support, opened at Helsinki City Museum of Art on February 19.

The Management Committee of OAO LUKOIL (the Company) held a meeting in Moscow today to approve the procedure of acquisition of a 82.3% interest in OAO UGK TGK-8 (TGK-8), which represents 1,696,675,068 701 shares worth RUR 67.5 billion. The acquisition will be paid for with 23,550,000 registered ordinary shares of OAO LUKOIL and with cash.

LUKOIL Group completed the acquisition of 100% of ZAO Association of Social, Economic, Scientific and Business Cooperation GRAND and 100% of OOO Mega-Oil M whose assets comprise 122 retail outlets located in Moscow and Moscow Region as well as 26 retail outlets in the regions of Pskov, Kaluga, Novgorod and Rostov.

Vagit Alekperov, President and CEO of OAO LUKOIL, met with the Iraqi Foreign Minister Hoshiyar Zibari on February 12, 2008 at LUKOIL’s Head Office in Moscow.

The Board of Directors of OAO LUKOIL (the Company) held a meeting today in Moscow to approve acquisition of a controlling interest in OAO UGK TGK-8 (TGK-8), which makes up 82.3% of the latter’s authorized capital, by one of LUKOIL Group companies. The transaction is to be paid with OAO LUKOIL treasury shares and cash.

LUKOIL Overseas (OAO LUKOIL’s 100% owned subsidiary) has reached agreement with ZAO MGNK SoyuzNefteGaz to aquire a controlling interest in a group of companies, one of which is SoyuzNefteGaz Vostok Limited, a signatory to the Production Sharing Agreement (PSA) on the South-Western Guissar and Ustyurtsk Region fields in the Republic of Uzbekistan.

OOO LUKOILAERO and ZAO Gazpromneft-Aero have started cooperation on aircraft wing fuelling in Pulkovo international airport (St. Petersburg).

The damages caused by an accident at multiple well platform No. 3 of the Yuzhnoye Khylchuyu oil field which is being developed by OOO Naryanmarneftegaz (joint venture of OAO LUKOIL, with a 70% stake, and Conoco Phillips, with a 30% stake) have been eliminated.