The pure(clean) money resources received from the basic activity, in the third quarter of 2002 have made 965 million dollars. USA in comparison with 883 million dollars. USA in the third quarter of 2001. The pure(clean) money resources received from the basic activity, for first nine months of 2002 have made 2,236 billion. dollars. USA in comparison with 2,546 billion dollars. USA for first nine months of 2001.
Within 2002 the Company carried out the large volumes of the investments in expansion of activity in the field of investigation both production of petroleum and gas, modernization refinery and marketing network. The pure(clean) capital investment in the third quarter of 2002 has made 374 million dollars. USA in comparison with 223 million dollars. USA in the third quarter of 2001. For first nine months of 2002 the pure(clean) capital investment has made 949 million dollars. USA in comparison with 645 million dollars. USA for first nine months of 2001. Thus the pure(clean) capital investment in investigation and production in the third quarter of 2002 has made 213 million. dollars. USA and 656 million. dollars. USA for first nine months of 2002. A pure(clean) capital investment in oil processing, selling and the other capital investment in the third quarter of 2002 has made 161 million. dollars. USA and 293 million dollars. USA for first nine months of 2002.
In June, 2002 the Company has got 26,85 % of the actions(shares) of the Lithuanian company Mazeikiu Nafta (ÌN), which actives include an oil refining factory, export terminal and pipeline. The payment НК ЮКОС included payment 75 million dollars. USA for purchase of the actions(shares) and granting of the credit (government, supplied with the guarantee, of Lithuania) at a rate of 75 million dollars. USA on modernization of an oil refining factory belonging ÌN. Besides the agreement on annual deliveries of petroleum НК ЮКОС on an oil refining factory ÌN in volume 4,8 million was achieved. Tons (35 million. barrel) within ten years since July, 2002. In September, 2002 YUKOS in addition has got 26,85 % of the actions(shares) ÌN for 85 million Dollars. USA, and also right and obligation concerning the credit ÌN for the sum 75 million. Dollars. USA (also of government, supplied with the guarantee, of Lithuania). Besides purchase of the actions(shares) and duties MN, the Company has received the right to carry out management Mazeikiu Nafta.
The results of activity ÌN are included in the intermediate consolidated financial reporting YUKOS from the end of September, 2002. As a result of consolidation ÌN the basic means and the other long-term actives YUKOS have increased on 697 million. Dollars. USA, and long-term and short-term debts - on 504 million Dollars. USA. Last parameter includes debts ÌN before YUKOS at a rate of 150 million Dollars. USA. This debts was not excluded during drawing up of the consolidated reporting of the Company, as the management undertakes steps on sale of this debt to the third persons.
The sum of money resources, their equivalents and investments in valuable papers as of September 30, 2002 has made 3,783 billion. Dollars. USA in comparison with 3,445 billion Dollars. USA as of December 31, 2001. On the end of the third quarter of 2002 the sum of long-term and current debts has made 634 million. Dollars. USA in comparison with 116 million. Dollars. USA as of December 31, 2001. The growth of debts practically is completely connected to consolidation of the company Mazeikiu Nafta.
YUKOS - largest private(individual) Russian vertically - is integrated petroleum company. The ordinary actions(shares) YUKOS bargain on a Share stock exchange РТС, Moscow interbank currency stock exchange, and also Moscow share stock exchange. issued on the action(share) YUKOS the London, Frankfurt and Berlin, and also on внебиржевом the market of USA bargain on share stock exchanges of Munich.
Association of the petroleum companies “YUKOS " and "Sibneft".
Moscow, April 22, 2003 - YUKOS and the basic shareholders of the company “Sibneft" have reached(achieved) the basic agreement on association of two companies. As a result of the largest bargain in Russia the company will appear which becomes the absolute leader of the Russian petroleum industry and fourth on production of petroleum by the private(individual) company in the world.
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