Alliance Oil acquires Kamchatka marketing operations

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| Source: Alliance Oil Company Ltd

Alliance Oil continues to expand its downstream marketing operations in the Russian Far East and has acquired approximately 75.5% of the shares in OJSC “Kamchatnefteproduct” and 100% of the shares in LLC “Solnechniy Veter”. Kamchatnefteproduct has two oil product terminals and 18 gas stations and Solnechniy Veter owns an aircraft fueling station located on the Kamchatka peninsula.

The transaction has been approved by the Russian Federal Antimonopoly Commission.

 

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

 

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.