Operational update for May 2012
6/11/2012 2:00 AM EST
Alliance Oil Company Ltd
Company Announcement
Operational update for May 2012
Alliance Oil Company’s average daily oil production for May 2012 amounted to
54,422 bopd. In the first five months of 2012, oil production totalled 8.4 mbbl
compared to 6.7 mbbl in the same period in 2011. Preliminary average daily
refining volumes at the Khabarovsk refinery amounted to 81,946 bopd in May
2012. In the first five months of 2012 refining throughput totalled 11.5 mbbl
compared to 10.7 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
April 52,918 52,297 70,888 72,625
May 54,422 53,689 81,946 93,600
The average daily production at the Kolvinskoye oil field amounted to 13,309
bopd with a total of 0.4 mbbl produced in May 2012.
An operational update for June and the second quarter 2012 will be disclosed on
July 10, 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.