Alliance Oil schedules conference call to review second quarter results

Alliance Oil Company Ltd will publish the interim report for the second quarter 
and the first half 2010 on Tuesday August 24, 2010, in the morning.             

The company has scheduled a conference call at 10.00 CET on Tuesday August 24.  
The conference call will be hosted by Arsen Idrisov, CEO and Angelika Adieva,   
CFO who will present 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 3793                                                  
from Russia +7 495 705 9452                                                     
from other countries +44 (0)20 7806 1967                                        

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

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 526 million barrels, 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.