13. LUKOIL TO INVEST $330 MILLION IN UKRAINE

Tom Warner in Kiev,
Financial Times, London, UK, Sat, Dec 17 2005

Russia's Lukoil is to invest $330m to renovate a chemicals plant in western
Ukraine using technology from Uhde, part of Germany's Thyssen Krupp
group, the chairmen of the two companies announced yesterday at a signing
ceremony in Kiev.

The deal represents the biggest new Russian investment in Ukraine announced
this year and rare good news for Ukraine's chemicals industry, which is
threatened by increasing prices for Russian gas. -30-