Annual General Meeting of Alliance Oil Company


Alliance Oil Company Ltd has today published the notice of the Annual General   
Meeting (AGM) for 2010. The AGM will be held on May 27, 2010 at 4 pm at the     
Stockholm Concert Hall (The Grünewald Hall), in Stockholm, Sweden. The complete 
notice, which includes proposals to the AGM, is attached to this release and    
posted on Alliance Oil Company's website, www.allianceoilco.com.                


For further information please contact:                                         
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 613 00 85               

Also visit www.allianceoilco.com



Alliance Oil Company Ltd is a leading independent oil company with vertically
integrated operations in Russia and Kazakhstan. Alliance Oil has proved and
probable oil reserves of 526 million barrels, oil production of approximately
42,400 barrels per day, refining capacity of 70,000 barrels per day and a
network of gas stations and wholesale oil products terminals. Alliance Oil's
depository receipts are traded on the Nasdaq OMX Nordic under the symbol AOIL.

Attachments

aoil_2010_05_05_agm_2010_eng.pdf