LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally.
Today in Kazan, Vagit Alekperov, President of OAO LUKOIL, and Rustam Minnikhanov, Prime-Minister of Tatarstan Republic, signed a cooperation agreement between the Government of the Republic and the Company.
Standard & Poor's, a rating agency, has upgraded OAO LUKOIL’s long-term issuer credit rating and ratings of all its liabilities from BB+ to BBB-. The outlook is Stable.
LUKOIL has started to recover losses from OAO Kapital Strakhovanie for the fire outbreak accident at ELOU-AVT-6 unit (fuel production) at OOO LUKOIL-Volgogradneftepererabotka which occurred on March 10, 2007.
LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale reached 2.24 mln boe per day in the first quarter of 2007, up 7.3% y-o-y.
OAO LUKOIL has successfully raised the syndicated unsecured US$ 250,000,000 Term Loan Facility. The Facility is arranged by ABN AMRO and CALYON and joined by other major international banks.
Today OAO LUKOIL Board of Directors at its regular meeting observed a minute of silence to honor Boris Eltsin, the first President of the Russian Federation.
Today at OOO LUKOIL-Volgogradneftepererabotka AVT-6 unit which had suffered fire damage on March 10 2007 was put back into operation. The first lots of petroleum, kerosene, diesel fuel and fuel oil have already been delivered.
LUKOIL net income was $7,484 million in 2006, which is an increase of 16.2% y-o-y. EBITDA was $12,299 million, which is 18.2% higher y-o-y. Revenue from sales rose by 21.4%, to $67,684 million.
Due to the fact that on April 19, 2007 the Gazeta daily in the article Mitvol Will Audit the Auditors incorrectly refers to OAO LUKOIL as a client of DeGolyer & MacNaughton, the Press Service of the Company would like to make a statement.
Given that the UK Financial Services Authority within the framework of implementation of the Transparency Directive introduced new rules relating to the companies listed in the UK, the Press Service of LUKOIL would like to disclose some information.
