Press releases

Given that The Financial Times dated November 6, 2000 misquoted LUKOIL President Vagit Alekperov, the Press Office of LUKOIL would like to offer the comment.

OAO LUKOIL has ensured a coupon payment on convertible bonds issued by its Dutch affiliated company LUKINTER FINANCE B.V.

OAO Oil Company LUKOIL (OTC: LUKOY), Russia's largest oil company, and Getty Petroleum Marketing Inc. (NYSE: GPM), one of America's largest independent marketers of gasoline and petroleum products, yesterday announced the signing of a definitive merger agreement for LUKOIL to acquire Getty at a price of $5.00 per share of Getty common stock.

LUKOIL President Vagit Alekperov and Moscow region Governor Boris Gromov signed a general cooperation agreement in Moscow today.

The Management Board of OAO LUKOIL decided to consolidate its sea and river fleet operated by some of its subsidiaries within OAO LUKOIL-Arctic-Tanker, LUKOIL President Vagit Alekperov has announced in Volgograd today. Optimization of the fleet management was caused by the Company's expanding operations in the Arctic region and in the Black, Caspian and Baltic sea regions.

The Management Board of OAO LUKOIL took a decision on promoting the Company's activities in tha area of petrochemicals. LUKOIL President Vagit Alekperov has announced that in Saratov today..

OAO LUKOIL President Vagit Alekperov and AK Sibur President Iakov Goldovsky have signed a cooperation agreement.

In the 1 half 2000 LUKOIL and its 22 subsidiaries reported a combined net income of RUB36.497bn (compared to RUB11.988bn in the same period of 1999).