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.