OREANDA-NEWS. LUKOIL publishes nine-month 2006 consolidated US GAAP financial accounts.

Production of petroleum products at LUKOIL refineries increased by 2.4% y-o-y and totalled 33,550 thousand tons. Russian refineries of LUKOIL Group increased petroleum product output by 5.1% y-o-y. Production at foreign refineries of the Group decreased by 8.0% due to closure of the Odessa Refinery for upgrading.

LUKOIL sold 94.4 million tons of crude oil and petroleum products in 9M 2006, representing an increase of 3.8% y-o-y. Domestic sales of crude oil grew by 142.9% y-o-y, to 1.4 million tons. At the same time international sales of crude oil decreased by 12.1% reflecting the high attractiveness of the Russian market.

Petroleum product sales rose by 12.3% y-o-y to 62.2 million tons. Retail sales of petroleum products in Russia increased by 13.2% y-o-y.