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Press Release

LUKOIL PRELIMINARY OPERATING DATA FOR 9 MONTHS 2005

{ 10/19/2005 12:00:00 AM }

LUKOIL Group (subsidiary companies and LUKOIL’s share in output of affiliated companies) total hydrocarbon production for 9 months 2005 reached 1.91 mln boe per day, up 5.5% y-o-y.

Crude oil output of LUKOIL Group totaled 1.8 mln bpd* (up 4.7% y-o-y) or 66.86 mln tons (up 4.3% y-o-y). The organic growth of daily crude oil output was 4.4% y-o-y.

LUKOIL subsidiary companies produced 63.96 mln tons of crude, up 4.2% y-o-y.

Average flow rate per oil well reached 11.0 tons per day, up 3.6% y-o-y.

Petroleum and natural gas output of LUKOIL Group was 5.47 bcm, which is 18.1% more compared with the same period of 2004. Daily petroleum and natural gas output grew by 18.5% y-o-y. Natural gas output was 1.84 bcm, up 50.4% y-o-y.

LUKOIL refined 35.05 mln tons of crude at its own refineries, which is 8.3% more compared with the same period of 2004. Throughputs at international refineries grew by 34.9% as Romanian refinery “Petrotel-LUKOIL” has been put into operation.

Crude oil output, th. tons
9 months 20059 months 2004Growth
LUKOIL Group output:66,86364,081+4.3%
Including
Subsidiary companies63,96061,407+4.2%
Share in affiliated companies2,9032,674+8.6%
Russia:64,19861,595+4.2%
Including
Subsidiary companies62,68660,470+3.7%
Share in affiliated companies1,5121,125+34.4%
International projects:2,6652,486+7.2%
Including
Subsidiary companies1,274937+36.0%
Share in affiliated companies1,3911,549-10.2%
LUKOIL Group output, th. bpd*1,7951,714+4.7%
Average flow rate of oil wells, tons per day11.0410.66+3.6%
Flow rate of new oil wells, tons per day44.0844.07+0.0%
Hydrocarbon production, th. boe per day
9 months 20059 months 2004Growth
LUKOIL Group output:1,9131,813+5.5%
Including
Crude oil output *1,7951,714+4.7%
Petroleum and natural gas output**11899+18.5%
Petroleum and natural gas output, mcm
9 months 20059 months 2004Growth
LUKOIL Group output:5,4654,627+18.1%
Including
Subsidiary companies5,2504,440+18.2%
Share in affiliated companies215187+15.0%
Russia:4,0833,627+12.6%
Including
Subsidiary companies4,0343,599+12.1%
Share in affiliated companies4928+75.0%
International projects:1,3821,000+38.2%
Including
Subsidiary companies1,216841+44.6%
Share in affiliated companies166159+4.4%
LUKOIL Group output, th. boe per day**11899+18.5%
* Conversion ratio from tons to barrels is 7.33.
** Includes marketable gas and gas for internal consumption as well as technological losses. Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm = 5.885 boe.
Refinery throughputs*, th. tons
9 months 20059 months 2004Growth
Total35,05432,368+8.3%
Russia27,43526,720+2.7%
International7,6185,648+34.9%
* Including mini-refineries.
This information is based on preliminary operating data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for 9 months 2005. So the figures in this press-release may differ from operating statistics, which will be published together with the financial accounts.

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