Getty Petroleum Marketing Inc. (Getty) announced today the filing of a 
Demand for Arbitration before the American Arbitration Association against 
Bionol Clearfield, LLC (Bionol), an ethanol producer in Pennsylvania. Getty 
entered into a five-year contract to purchase ethanol from Bionol; however, a 
dispute has arisen regarding the ethanol purchase price. As part of the 
contract, Getty and Bionol agreed that they would resolve any dispute by 
binding arbitration before the American Arbitration Association. Getty 
continues to purchase its contractual requirements of ethanol from Bionol. 
Pursuant to the terms of the contract governing payment disputes, Getty 
continues to pay Bionol millions of dollars each month for the ethanol, 
withholding only the amounts in dispute.

    "Getty's desire remains to work with Bionol to reach agreement with respect 
to the disputed amounts and in the absence of such agreement, to resolve those 
claims through the pending arbitration, all of which is contemplated under the 
ethanol agreement," says Vadim Gluzman, Getty CEO.

    Getty's parent company, OAO LUKOIL is neither a party to the contract nor 
to the arbitration proceedings.


SOURCE: Getty Petroleum Marketing Inc.

    CONTACT: Michael G. Lewis, 
             Vice President and General Counsel, 
             Getty Petroleum Marketing Inc., 
             +1-516-542-5055