Alliance Oil Released Operational Update for October 2012
OREANDA-NEWS. November 21, 2012. Alliance Oil Company’s average oil production for October 2012 amounted to 52,947 bopd. In the first ten months of 2012, oil production totalled 16.6 mbbl compared to 14.1 mbbl in the same period in 2011. Preliminary average refining volumes at the Khabarovsk refinery amounted to 82,943 bopd in October 2012. In the first ten months of 2012 refining throughput totalled 24.3 mbbl compared to 22.4 mbbl in the same period in 2011.
Preliminary operating results in barrels per day:
Upstream |
Downstream | |||
2012 |
Production |
Crude oil sales |
Refining |
Oil product sales |
January |
59,421 |
56,734 |
77,531 |
65,865 |
February |
55,187 |
54,444 |
78,390 |
77,634 |
March |
54,481 |
49,752 |
69,129 |
69,377 |
1st quarter |
56,363 |
53,643 |
75,017 |
70,959 |
April |
52,918 |
52,297 |
70,888 |
72,326 |
May |
54,422 |
53,544 |
81,946 |
93,238 |
June |
53,279 |
53,416 |
82,260 |
83,224 |
2nd quarter |
53,540 |
53,086 |
78,404 |
82,930 |
July |
53,732 |
57,533 |
83,643 |
85,823 |
August |
53,473 |
50,306 |
84,809 |
89,682 |
September |
52,725 |
51,113 |
85,417 |
89,733 |
3rd quarter |
53,309 |
52,984 |
84,580 |
88,413 |
October |
52,947 |
48,418 |
82,943 |
85,157 |
The average production at the Kolvinskoye oil field amounted to 11,759 bopd with a total of 0.4 mbbl produced in October 2012.
Third quarter financial results will be disclosed on November 21, 2012. Upstream and downstream production data for November 2012 will be disclosed on December 10, 2012.
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 760 million barrels of oil equivalent and downstream operations that includes the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.
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