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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.

PRESS-RELEASE
25.09.2014
LUKOIL AND REPUBLIC OF TATARSTAN FORGE COOPERATION

Vagit Alekperov, OAO LUKOIL President, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a protocol to the cooperation agreement between the company and the government of the republic, in Kazan today.

As part of the protocol, LUKOIL pledged to participate in charitable social projects focused on petroleum-product supplies to the consumers and better environmental safety at the company’s facilities in Tatarstan.

The Republic of Tatarstan, according to the applicable legislation, will assist the company in obtaining approvals and permits for allotted land plots and ongoing projects, in ensuring the technical conditions necessary to connect to external utility lines and in creating favorable conditions for allotting land plots to OAO RITEK for production activities.

As a top priority, the protocol promotes cooperation between the company and the republic’s machine-building and defense enterprises in the area of engineering-product supplies.

Messrs. Alekperov and Minnikhanov also attended the official announcement of the results of the 5th Contest of Social and Cultural Projects held by OAO RITEK and the LUKOIL Charity Fund in the Republic of Tatarstan. The winners were awarded with certificates.

   

PRESS-RELEASE
22.09.2014
LUKOIL SIGNS AGREEMENT WITH INTERNATIONAL ASSOCIATION OF LUKOIL TRADE UNION ORGANIZATIONS FOR 2015-2017

Vagit Alekperov, OAO LUKOIL President, and Georgy Kiradiev, Chairman of the Council of the International Association of LUKOIL Trade Union Organizations, signed a 2015-2017agreement between the employer and the association, in Moscow today.

The agreement outlines reciprocal obligations of the company and its employees in the social and labor areas, specifically, in labor relations, labor compensation and protection, social benefits and warranties, and in youth outreach. The document also established guarantees of the association’s rights.

The parties emphasized that the obligations as part of the 2009-2014 agreement between the employer and the association had been fully met.

“The partnership relations between LUKOIL’s management and the association have been maintained for more than two decades. We attach great importance to their promotion, as they remain a key factor contributing to the company’s successful operations and higher labor efficiency,” Mr. Alekperov said.

“The social dialog with the employer reconfirmed its significance as a key tool used by trade unions to protect the rights of the employees. The corporate system of social partnership and mutual respect of the parties helps the company preserve the structure of the agreement and the achieved level of the social and labor benefits, warranties and compensations for the employees, even in the current anything-but-simple situation,” Mr. Kiradiev commented.
PRESS-RELEASE
23.09.2014
LUKOIL SELLS FIRST BATCH OF DIAMONDS FROM VLADIMIR GRIB FIELD

A spot Internet auction to sell diamonds from Vladimir Grib field, developed by OAO LUKOIL in the Arkhangelsk territory, was successfully over in Antwerp today.

All but a few lots of thediamond batch put up for auction weresold. The auction was preceded by a show week atGrib Diamonds NV, a wholly-owned LUKOIL subsidiary in Belgium. The company intends to increase the size of the batches put up for auctions, as the production rate at Vladimir Grib field increases.

The mining and processing plant with about 2,000 workerswas commissioned at the diamond field in June of 2014. The scheduled production peak is expectedto reach4.5 million carats per year. Open-pit mining techniques are used for the field development.

“Commercial operation at Vladimir Grib field has turned LUKOIL into one of the world’s major diamond miners. Although diamond recovery is not our core business, our specialists implemented the project in compliance with the world’s highest standards. We adhere to the principles of high quality and solidity, no matter what task the company may need to solve. The first batch of our diamonds in the market is the best demonstration,” VagitAlekperov, OAO LUKOIL President, commented.
PRESS-RELEASE
19.09.2014
LUKOIL AND AVTODOR SIGN COOPERATION AGREEMENT

Vagit Alekperov, OAO LUKOIL President, and Sergey Kelbakh, Chairman of the State Automobile Company Rossiyskiye Abtomobilniye Dorogi (Russian Highways, or Avtodor) signed a cooperation agreement today as part of the International Investment Forum Sochi 2014.

As part of the agreement, LUKOIL and Avtodor will jointly implement projects focused on roadside-infrastructure development and on the development and introduction of new design solutions to establish cross-functional road-service zones for the construction and operation of highways.

The parties also intend to work together to introduce and utilize cutting-edge high-quality innovative materials and techniques for the construction, repair and maintenance of highways to extend the roadbed service life. Specifically, as part of the agreement, LUKOIL and Avtodor outlined possible joint measures they could develop to enhance the quality of bitumen and polymer-modified asphalt cement and also to improve the road-construction techniques with application of these materials.