LUKOIL BUYS OMV's LUBRICANT BUSINESS IN EUROPE

This transaction is in line with our company’s strategy that provides for further expansion of LUKOIL’s lubricant business on the global market. The favorable geographic location near foreign car makers and industrial enterprises, a well-tuned distribution system in Europe, modern production facilities, unique scientific developments and the vast professional experience of the company’s employees are the significant factors that became decisive for us”, Vagit Alekperov, OAO LUKOIL President, commented.