Operational update for July 2013


Alliance Oil Company’s preliminary average daily oil and gas production for July 2013 amounted to 67,405 barrels of oil equivalent (boepd)[i]. In July 2013 preliminary average refining volumes at the Khabarovsk refinery amounted to 95,408 barrels of oil per day (bpd).

July preliminary operating results:

Upstream Boepd
Oil 54,657
Gas 12,748
Production 67,405
Sales 64,410

 

Downstream Bpd
Refining 95,408
Sales 96,983

Upstream and downstream production data for August 2013 will be disclosed on September 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 July 2013, 61,842 boepd constituted consolidated production and 5,563 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_08_09_eng.pdf