No. 2, 2006

CONTENTS:

• PROSPECTS FOR CONSTRUCTIVE WORK
  Oil of Russia magazine talks to Oleg Chirkunov, Governor of the Perm Territory
• FACTS AND FIGURES
• PHILOSOPHY OF LEADERSHIP
  Sergey Rogov,
  Head of the LUKOIL Department for the Strategic Development,
  Yury Lavrov,
  Head of the Section for Strategy Implementation Assessment of the Department
  LUKOIL sets strategic aims of becoming a major global energy player
• BRIGHT PROSPECTS FOR THE GAS BUSINESS
  Oil of Russia talks to Yury Storozhev, Head of the LUKOIL Department for Coordination of Gas Energy Operations
• ON THE PATH OF EXCELLENCE
  Yury Ikonnikov,
  Chief of the Section for Enhanced Oil Recovery of the LUKOIL Main Division for Oil Production,
  Bogdan Kravchuk,
  Senior Manager of the Section
  LUKOIL's oilfield services policy is in line with progressive international trends
• ACCORDING TO EUROPEAN STANDARDS
  Oil of Russia magazine talks to Vladimir Repin, General Director of LUKOIL-Beopetrol A.D.
• CONTROLLING INFORMATION FLOWS
  Dmitry Gurtovoy
  The introduction of an enterprise resource management system at LUKOIL's subsidiaries in Romania has produced results within a short period of time
• ORINOCO AWAITS ITS HOUR
  Oil of Russia magazine talks to Sergey Sipunov, Regional Director of LUKOIL Overseas Holding Ltd. in Venezuela
• GOING EAST
  Alexey Kontorovich,
  Director of the Oil and Gas Geology Institute of the RAS Siberian Branch
  Hydrocarbon resources of Eastern Siberia and Russia's Far East: development status and prospects
• TIME FOR IMPORTANT INITIATIVES
  Andrey Korzhubayev,
  Cand. Sc., Senior Researcher of the Institute of Oil and Gas Geology of the RAS Siberian Branch
  Realization of new priority oil and gas projects in the first quarter of the 21st century is a condition for successful implementation of the Energy Strategy
• DEVELOPING NORTHERN ROUTES
  Alexey Bambulyak,
  Advisor of the Svanhovd Environmental Center (Norway)
  Increasing oil exports from Russia's Arctic regions requires development of ports throughput capacity
• A WAY OUT OF THE GAS TRANSPORT IMPASSE
  Prof. Vladilen Kashchavtsev,
  Dr. Sc. (Techn.)
  The construction of a trunk gas pipeline across the Baltic seabed will guarantee regular deliveries of Russian gas to Europe
• ON THE STAGE OF DEVELOPMENT
  Pyotr Lakhno,
  Cand. Sc. (Law), Moscow State University
  New legislation for the energy sector is consistently taking shape in Russia
• UNDER THE BALKAN STARS
  Vladimir Akramovsky
  LUKOIL's reputation as a reliable investor promotes positive results for the Company's operations in the Balkans
• HARMONY OF INTERESTS
  Vladimir Mishin
  The Russo-Azeri partnership in the oil and gas sphere continues to develop dynamically
• THE OIL SAGA OF THE NORTHERN SEAS
  Oil of Russia magazine talks to Oyvind Nordsletten, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Norway to Russia
• WELLS DELIVERED ON A TURNKEY BASIS
  Oil of Russia magazine talks to Alexander Kotov, President of JSC Oil Technology Overseas
• AN IMPERATIVE OF THE TIME
  Prof. Stanislav Zhiznin,
  Dr. Sc., Senior Councilor of the Department for Economic Cooperation of the Russian Ministry of Foreign Affairs
  The United Kingdom's interest in Russian oil and gas will rise steadily over the coming years
• STRATEGIC TASK: THE ENVIRONMENT
  Alexey Yevstigneyev
  LUKOIL is proceeding confidently with the measures included in the corporate environmental safety program for the period from 2004 to 2008
• PROLOGUE TO THE GASOLINE ERA
  Vladimir Alexeyev
  The real worth of the Russian oil industry was demonstrated at the All-Russian Exhibition held in 1896 in the city of Nizhny Novgorod
• THE EXPORT VECTOR OF "RED" OIL
  Prof. Vladimir Kostornichenko,
  Dr. Sc. (Economics)
  Soviet oil exports as the main factor behind industrialization in the 1920 and 1930s in the USSR
• THE STORMY OIL STREAMS
  Yury Yevdoshenko
  Nikolay Baybakov, a prominent Soviet oil industry manager, recently celebrated his 95th birthday
• FOR THE BENEFIT OF PEOPLE
  Igor Prishvintsev
  LUKOIL is consistently implementing its strategy for supporting social projects
• A GEM OF MOSCOW
  Alexey Shulgin
  The Tretyakov Gallery's 150th anniversary is an occasion to ponder over the remote past and the immediate future
• "BLACK GOLD" OF THE KONDA LAKES
  Leonid Stashkevich
• DANCER WITH WOLVES
  Konstantin Kopylev
  A unique racing car created by LUKOIL racing team craftsmen