OREANDA-NEWS. LUKOIL today publishes consolidated US GAAP financial accounts for the first half of 2006.

Production of petroleum products at LUKOIL refineries increased by 3.7% y-o-y and totaled 21,789 thousand tons. Russian refineries of LUKOIL Group increased petroleum product output by 8.0% y-o-y. Production at foreign refineries of the Group decreased by 11.8% due to closure of the Odessa Refinery for upgrading.

LUKOIL sold 62.3 million tons of crude oil and petroleum products in the first half of 2006, representing an increase of 6.7% y-o-y.

Retail sales of petroleum products increased by 8.3% while revenues from retail sales grew by $1,177 million (34.2%).