Alliance Oil schedules conference call to review third quarter results

Alliance Oil Company Ltd will publish the interim report for the third quarter  
and the nine month period 2009 on Thursday November 26, 2009, in the morning.   

The company has scheduled a conference call at 10.00 CET on Thursday November 26
to review the report and recent developments.                                   

To participate in the conference call you may choose one of the following       
options:                                                                        

Telephone                                                                       
Dial one of the following numbers a few minutes before the conference starts:   
from Sweden +46 (0)8 5051 3641, confirmation code 6144297                       
from other countries +44 (0)20 7138 0826, confirmation code 6144297             

Web                                                                             
Alliance Oil's website www.allianceoilco.com and Financial Hearings' website    
www.financialhearings.com. The conference will be broadcast live.               

A replay of the conference will be available at www.allianceoilco.com           



For further information:                                                        
Dmitry Tsaregorodtsev, Head of Investor Relations, tel: +7 495 777 18 08 ext
10-56 
Jakob Sintring, Investor Relations Sweden, tel. +46 8 585 707 10                


Also visit www.allianceoilco.com


Alliance Oil Company Ltd is a leading independent oil company with vertically
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and
probable oil reserves of 487 million barrels, oil production of approximately
42,500 barrels per day, refining capacity of 70,000 barrels per day and a
network of gas stations and wholesale oil products terminals. Alliance Oil's
depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.