Lukoil is ready to make an offfer to settle the dispute its preemption right to acquire a share in Turgai Petroleum

October 18, 2005 the Alberta Province Court (Canada) postponed a transaction approval of PetroKazakhstan (PKZ) assets acquisition by CNPC until October 26, 2005 in accordance with Lukoil claim concerning its preemption right recognition to purchase a share in Turgai Petroleum – a joint venture of Lukoil and PKZ. The parties were supposed to negotiate on this matter.