Operational update for May 2013


Alliance Oil Company’s preliminary average daily oil and gas production for May 2013 amounted to 67,396 barrels of oil equivalent (boepd)[i]. In May 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 91,953 barrels of oil per day (bpd).

May preliminary operating results:

Upstream Boepd
Oil 54,400
Gas 12,996
Production 67,396
Sales 67,192

 

Downstream Bpd
Refining 91,953
Sales 92,768

Upstream and downstream production data for June 2013 will be disclosed on July 10, 2013. Second quarter 2013 financial results will be disclosed on August 21, 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

 

Also visit www.allianceoilco.com

[i] In May 2013, 62,732 boepd constituted consolidated production and 4,664 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.

 

 


Attachments

AOIL_2013_06_10_eng.pdf