Alliance Oil Company's total average daily oil and gas production for September
and for the third quarter of 2013 amounted to 65,955barrels of oil equivalent
(boepd)[i] and 66,589boepd[ii]respectively. In total, 6.1 million barrels of
oil equivalent (mboe) were produced in the third quarter of 2013. Preliminary
average daily refining volumes at the Khabarovsk refinery amounted to 97,446
bopd in September and 96,413bopd in the third quarter of 2013. In total, 8.9
million barrels of oil (mbbl) were refined in the third quarter of 2013. 


 Upstream, boepd   Oil production  Gas production  Total production   Sales
 --------------------------------------------------------------------------


 Average 2012          53,932-             53,93252,6451st quarter 2013      52,5104,92357,43356,060--------------------------------------------------------------------------


 2nd quarter 2013      52,6829,09161,77361,154--------------------------------------------------------------------------


 July                  54,65712,51067,16764,410August                53,87112,75366,62465,270September             52,20113,75465,95565,011--------------------------------------------------------------------------


 3rd quarter 2013      53,59112,99866,58964,896
 Downstream, bpd   Refining   Sales
 -----------------------------------


 Average 2012       80,12281,6211st quarter 2013   86,94683,978-----------------------------------


 2nd quarter 2013   85,02691,054-----------------------------------


 July               95,40896,983August             96,41792,603September          97,446107,772-----------------------------------


 3rd quarter 2013   96,41399,025

Upstream

In the third quarter of 2013, the average oil production in the Timano-Pechora
region amounted to 17,457bopd, in the Volga-Urals region 22,798bopd, in the
Tomsk region 10,555bopd and in Kazakhstan 2,781bopd. In the third quarter of
2013, 22 new wells were drilled.

Gas production in the Tomsk region amounted to 7,539boepd in the third quarter
of 2013. In the Khanty-Mansiysk region, non-consolidated gas production in the
third quarter of 2013 amounted to 10,704boepd, out of which 5,459boepd were
included in the reporting as equity interest.

Downstream

In the downstream segment, despite the unprecedented water flooding in the
Russian Far East, the refinery run rate and oil product sales remained at
historically high levels in the third quarter of 2013 primarily due to
seasonally strong domestic demand.

Upstream and downstream production data for October 2013 will be disclosed on
November 11, 2013. Third quarter 2013 financial results will be disclosed on
November 21, 2013.

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

[i]In September 2013, 60,447boepd constituted consolidated production and
5,508boepd constituted equity interests.

[ii]In the third quarter of 2013, 61,130boepd constituted consolidated
production and 5,459boepd constituted equity interests.

Alliance Oil Company Ltd is a leading independent oil and gas company with
vertically integrated operations in Russia and Kazakhstan. Alliance Oil has
substantial oil and gas reserves and downstream operations that include 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.

  • AOIL_2013_10_10_eng240 KB
distributed by