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PRESS-RELEASE
13.10.2014
LUKOIL RESUMES PROPYLENE PRODUCTION AT STAVROLEN

The OAO LUKOIL Press Service announces that polypropylene production from imported feedstock resumed today at the Stavrolen petrochemical complex in Budennovsk (a wholly-owned OAO LUKOIL subsidiary).

Currently, operations are underway at the plant to re-equip ethylene-production facilities, including cracking furnaces, fuel-gas and gas- feedstock evaporation complexes, and water-wash columns.

For reference:

The production process was suspended at Stavrolen after a fire outbreak on February 26, 2014 in the gas-separation workshop of the ethylene-production unit. The commission under the Caucasian Department of Rostekhnadzor (Federal Service for Environmental, Technological and Nuclear Supervision) acknowledged that the actions of the personnel during the accident had been competent and timely. No petroleum-product spills, soil contamination, or exceedance of the maximum permissible level of hazardous substances were registered, and no threat was posed to the environment or health of the employees or the Budennovsk population, either. No violations of the environmental legislation were uncovered by the commission under the Federal Service for Supervision of Natural Resource Usage (Rosprirodnadzor) for the North Caucasian Federal Okrug, either.

PRESS-RELEASE
13.10.2014
PRESS SERVICE STATEMENT

The OAO LUKOIL Press Service would like to report the launch of the process units of the AO PETROTEL-LUKOIL Refinery.

Today the refinery produced the end product and proceeded to sell it.
PRESS-RELEASE
08.10.2014
LUKOIL BRINGS MAJOR WEST SIBERIAN FIELD INTO OPERATION

Arkady Dvorkovich, Deputy Chairman of the Russian Federation Government, and Vagit Alekperov, OAO LUKOIL President, participated in the official commissioning of Imilorskoye Field today.

As part of the operations at the Imilorsko-Istochny license block, construction has thus far included several dozen kilometers of pipelines, site-access roads, power-transmission lines, a 74-meter bridge across the Entl-Imiyagun river, four well pads, a booster pump station and other production-infrastructure facilities required for a smooth functioning of the field. Production drilling at the license block started last February.

The operations are being conducted in strict compliance with the requirements of the applicable Russian legislation, including observance of the rights and interests of the indigenous population.

For the purpose of a detailed appraisal of the license block, additional seismic surveys will be performed in the area in the next few years, 20 old exploration wells will be retested and 11 new exploration wells will be drilled.

“The commissioning of one of West Siberia's major fields is a demonstration of the high professionalism of LUKOIL personnel and of the high level of technologies employed by Russia’s oil industry. I am sure that this is an important indicator of the competitiveness of the Russian fuel-and-energy complex,” Mr. Dvorkovich said.

“Imilor was commissioned well ahead of schedule, nearly six months prior to the scheduled deadline. The usual period from the beginning of geological exploration to the commissioning of a field is 5-7 years; however, Imilor's development is strategically important for the development of LUKOIL, and the company was successful in completing all the preparatory stages in a record-breaking time. In this regard, I would like to express my special gratitude to the Yugra Government for their support and contribution,” Mr. Alekperov commented.

“The commissioning of Imilor field will substantially support economic growth in Yugra for decades to come. The fuel-and-energy complex is the economic cornerstone of the whole of Russia. What we need is more fields like Imilor to be put on stream,” Natalya Komarova, Governor of the Khanty-Mansi Autonomous District - Yugra, emphasized.

PRESS-RELEASE
10.10.2014
LUKOIL WINS IN BUSINESS DEVELOPMENT CATEGORY OF EXPERT-400 RATING

LUKOIL emerged the winner in the category “Vicennial Outcomes. Dynamic Business Development” of the rating Expert-400 based on last year’s results.

During the past 20 years, the company’s revenues have increased more than 30 times over and in 2013totaled USD 141.452 billion.

The ranking of Russia’s major companies in terms of sales volume was prepared by the rating agency Expert RA.

Each year, the project Expert-400 aims to identify Russia’s largest companies and, based on their performance, analyze the role, structure and major development trends of big business. Expert-400, first compiled in 1994, initially included 200 Russian industrial companies, whereas the latest list covers twice as many.
   
                                                                                      
PRESS-RELEASE
01.10.2014
PRESS SERVICE STATEMENT

The OAO LUKOIL Press Service would like to announce that Andrey Kuzyaev, who had headed LUKOIL Overseas Holding from 2000, got another job, in the company’s central office.

The new appointee as head of LUKOIL Overseas Holding is Sergey Nikiforov, previously the holding’s senior vice-president for development and production.

LUKOIL Overseas Holding, founded on the 4th of December 1997, manages LUKOIL’s international projects in the upstream. Today, the holding accounts for more than 10% of all hydrocarbons and for some 30% of all gas produced by the company.