Operational update for April 2013


Alliance Oil Company’s preliminary average daily oil and gas production for April 2013 amounted to 65,743 barrels of oil equivalent (boepd)[i]. In April 2013, preliminary average refining volumes at the Khabarovsk refinery amounted to 69,426 barrels of oil per day (bpd).

April preliminary operating results:

Upstream Boepd
Oil 54,684
Gas 11,059
Production 65,743
Sales 67,025

 

Downstream Bpd
Refining 69,426
Sales 78,695

 

In the first half of April, refining volumes at the Khabarovsk refinery were reduced during scheduled maintenance works on the crude distillation and reforming units.

First quarter 2013 financial results will be disclosed on May 22, 2013. Upstream and downstream production data for May 2013 will be disclosed on June 10, 2013.

 

For further information please contact:

Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08

Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90

 

[i] In April 2013, 61,104 boepd constituted consolidated production and 4,639 boepd constituted equity interests.

 

Alliance Oil Company Ltd is a leading independent oil and gas company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has substantial oil and gas reserves and downstream operations that include the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.

 


Pièces jointes

AOIL_2013_05_13_eng.pdf