State Oil Fund of the Republic of Azerbaijan received on October 30, 2007 the bonus payment of 20 mln. dollars from LUKOIL OVERSEAS Ltd in accordance with the Agreement signed between Azerbaijan Government and foreign extractive sector companies on the exploration, development and production sharing for the D-222 prospective block in the Azerbaijan sector of the Caspian Sea.

The bonus in accordance with the aforesaid agreement was envisaged in the Fund's 2007 budget.

The participants of D-222 project are LUKOIL OVERSEAS Ltd and State Oil Company of Azerbaijan Republic.