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Representatives of the investment community visited Egypt
from March 31 to April 3, 2004 to lean more about LUKOIL activities in
North Africa and the Middle East.
The Company lends great importance to this region, which has unique
hydrocarbon reserves and is highly promising for development of oil and
gas business.
Egypt's Oil & Gas Sector.
LUKOIL in Egypt
LUKOIL management appreciates that the company’s efforts to develop
international upstream projects and increase highly liquid assets must be
transparent and comprehensible for the Company’s shareholders and
investors, as well as for professionals on international financial and
stock markets.
More than 50 people took part in the trip, including LUKOIL top
managers, business and oil & gas journalists, and representatives of
leading Russian and international investment companies, such as: Clariden
Bank, Brunswick UBS, J.P. Morgan, Lehman Brothers, Raiffeisenbank, Àton,
Metropol, UFG, Renaissance Capital, Troika Dialog and others.
The trip included meetings with top officials of the Arab Republic
of Egypt. Counselor of the Embassy of the Russian Federation in Arab
Republic of Egypt Andrey Zakharov, welcomed the visitors and opened a presentation
of the Egyptian oil and gas sector, which was sponsored by the Egyptian
Oil Minister, Samekh Fakhmi. Speakers included Chairmen of the
National Oil Company, the Egyptian oil holding, South Valley, the Egyptian
gas holding, EGAS, the Egyptian petrochemical holding, EPHC, and the
Egyptian oil company, Tharwa.
LUKOIL Overseas President Andrey Kuzyaev offered a presentation «LUKOIL
in North Africa and Middle East: from Financial Investor to International
Operator» rounding up LUKOIL international upstream projects.
LUKOIL Overseas Regional Director for Egypt, Sergey Nikiforov, gave an
overview of the Egyptian energy sector and LUKOIL’s current and
prospective activities in Egypt in his presentation, «LUKOIL in
Egypt».
The visitors were given a tour of WEEM production facilities and a boat
trip in the Gulf of Suez close to the Geisum blocks.
Please follow the link to view a detailed photo report of the trip
Analyst reports:*
ATON: «Egypt
experience demonstrates company's ability to respond rapidly to promising
international projects»
Brunswick
UBS: «Investor
Visit to Egypt»
J.P.
Morgan: «Notes
from the Field: LUKOIL Investor Trip to Egypt»
Renaissance
Capital: «LUKOIL
Egypt Trip»
UFG:
LUKOIL: «Investor
Visit to Egypt»
* The above research reports could be
received directly from the investment houses. LUKOIL does not vouch for
the accuracy of the information or endorse the opinions contained in the
analysts' reports.
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