News 2006 October 3

Annual growth of export via Russia/Finland border stations is about 9.4% - Viktor Stepov

MOL and Sea Consortium launch new India-Straits service

Russian refineries plan to produce 15.45 million tons of heavy fuel oil in the forth quarter of 2006

RZhD OJSC and Tamanneftegaz CJSC to invest 2.5 billion rubles into construction of a logistics storage terminal at the south of Russia

Cargo transshipment of state Ukrainian ports grew over 8 months of 2006 by 3.4% to 73.98 million tons

Russian oil production in the forth quarter 2006 to make 124 million tons – Russia’s Industry and Energy Ministry

Cargo turnover of Vyborg Sea Trade Port grew in January-September 2006 by 48.4% to 887.2 thou tons

Coal export via Vysotsk grew over 9 months of 2006 by 18.7% to 3.2 million tons

RCL has agreed to sell its 500-teu containership Bhatra Bhum for $2.5m

Tatneft OJSC produced 2.078 million tons of oil in September 2006

MISC shipyard Malaysia Marine and MMHE is seeks collaborators in Malaysian ship building sector

Noboru Sakashita, captain of Japanese fishing boat, charged for poaching, was handed over to the Japanese side

LUKOIL has won a bid for purchase of a $1 billion Europoort refinery of Netherlands

Container turnover of Petrolesport OJSC to grow by almost 70% in 2006 to 310 thou TEU – Alexander Kolosnitsin, head of the Company

Shekharis oil harbor of Novorossisk Sea Trade Port exported over 39 million tons of oil and oil products in January-September 2006

Oil price was down to $60.45 in London, and to $61.03 in New York

OOCL improves Japan service with the KTX4

Cargo turnover of Novorossisk Central Forwarding Company OJSC grew over 9 months of 2006 by 66.6% to 67 870 TEU

Volkswagen to start building plant in Kaluga in late Oct.-Gref

Vitol buys World Point operations for $170 mln

Export of oil products via DTC-Vysotsk LUKOIL-II increased 9-fold in January-September 2006 to 6.7 million tons