Operational update for August 2012
10 Sep, 2012 08:00 CET
Alliance Oil Company Ltd
Company Announcement
Operational update for August 2012
Alliance Oil Company’s average daily oil production for August 2012 amounted to
53,473 bopd. In the first eight months of 2012, oil production totalled 13.3
mbbl compared to 10.5 mbbl in the same period in 2011. Preliminary average
daily refining volumes at the Khabarovsk refinery amounted to 84,809 bopd in
August 2012. In the first eight months of 2012 refining throughput totalled
19.2 mbbl compared to 17.9 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
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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 72,625
May 54,422 53,689 81,946 93,600
June 53,279 54,795 82,260 82,828
2nd quarter 53,540 53,545 78,404 82,912
July 53,732 57,428 83,643 84,496
August 53,473 49,316 84,809 88,790
The average daily production at the Kolvinskoye oil field amounted to 11,395
bopd with a total of 0.4 mbbl produced in August 2012.
An operational update for September and third quarter 2012 will be disclosed on
October 9, 2012.
For further information please contact:
Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90
Also visit www.allianceoilco.com
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 648 million barrels 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.