OREANDA-NEWS. November 16, 2010. OJSC LUKOIL repaid in full and ahead of schedule the remaining debt (USD 567 million) under the 3-year USD 1.2 billion loan facility (the 'Facility') raised in August 2009. The Facility was secured by revenues from oil export contracts.

The repayment of the Facility was effected from the Company's own funds generated during the three quarters of 2010 and is evidence of the Group's stable financial position and a sufficient level of liquidity.

LUKOIL is the second largest private oil Company worldwide by proven hydrocarbon reserves. The Company has around 1% of global oil reserves and 2.4% of global oil production. LUKOIL dominates the Russian energy sector, with 18.6% of total Russian oil production and 18.9% of total Russian oil refining.

LUKOIL proven reserves at the beginning of 2010 were 13,696 mln barrels of crude oil and 22,850 bcf of natural gas, totaling 17,504 mln boe.

LUKOIL has an outstanding portfolio of production assets. The main production region for LUKOIL Group is Western Siberia. LUKOIL is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote d’Ivoire, Ghana and Iraq.