OAO LUKOIL has completed an evaluation and independent audit of its oil and gas reserves as of January 1, 2003. According to the data audited by Miller and Lents (USA), LUKOIL’s proved reserves as of the above date are estimated at 19.3 billion boe (compared with 16.8 billion boe as of January 1, 2002), including 15.3 billion barrels of crude oil and 24,2 trillion cubic feet of natural gas.