OREANDA-NEWS. January 15, 2013. In 2012, Alliance Oil CompanyЃfs total upstream volumes increased by 10% to 19.7 mbbl (53,900 bopd) from 17.9 mbbl (49,000 bopd) in 2011. The preliminary refining volumes in 2012 increased by 13% to 29.3 mbbl (80,100 bopd) from 26.9 mbbl (73,650 bopd). Preliminary crude oil and oil product sales amounted to 19.3 mbbl and 29.9 mbbl respectively in 2012 compared to 17.5 mbbl and 26.9 mbbl 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

48,602

82,943

85,406

November

52,325

51,266

82,067

80,265

December

51,693

52,767

82,458

86,591

4th quarter

52,322

50,878

82,494

84,129

FY 2012

53,888

52,645

80,122

81,621

Upstream

The average daily oil production in the Timano-Pechora region amounted to 22,825 barrels in 2012 compared to 19,665 barrels in 2011. Oil production in the Volga-Urals region and Kazakhstan amounted to 22,282 bopd in 2012 compared to 21,265 bopd in 2011. Oil production in the Tomsk region amounted to 8,781 bopd in 2012 compared to 8,054 bopd in 2011. In 2012, 98 new wells were drilled. In 2012, the average daily production at the Kolvinskoye field amounted to 12,996 barrels with a total of 4.8 mbbl produced for the year and 11,877 bopd with a total of 0.37 mbbl produced in December.

Downstream

In the downstream segment, the refinery capacity utilization was record high in 2012 due to strong demand for oil products both domestically and internationally. The refining capacity increased to 90,000 bopd in 2012. Retail and export volumes increased compared to the previous year.

Upstream and downstream production data for January 2013 will be disclosed on February 11, 2013 and monthly thereafter. Fourth quarter and full year 2012 financial results will be disclosed on February 21, 2013.