Nord Oil International/North-West Oil Group Announces International Plan to Increase Oil Production in the Saratov Region
Thursday August 10, 9:00 am ET


MOSCOW--(MARKET WIRE)--Aug 10, 2006 -- Nord Oil International/North-West Oil Group (Other OTC:NDOL.PK - News) announced today plans to increase its oil production due to increased demands from the European Union. The Company will immediately proceed with a plan to take the necessary steps to increase its oil production.
The plan includes four steps and will commence with a comprehensive 3D seismic exploration program which will be completed by Company Zaprikaspyigeofizika. 3D Seismic technology is used to monitor oil reservoirs and to drill new wells more confidently to increase production. This is an integral part of the Company's overall goal to enhance oil recovery strategies. The project should be completed by the end of August 2006 with an estimated cost of $500,000. Additional steps will include creating the drilling project and complete sampling programs. The final step will include research and the building of the infrastructure required to support this drilling program.

Mr. Ernest G Malyshev, President of the Company, stated, "We are looking forward to implementation of this plan. According to the estimates done by our experts, by the time the project is completed, we should be able to increase our production by at least 100%, thus bringing our production to 1,752,000 barrels."

About Nord Oil International Inc.

Nord Oil International Inc. is a reporting, publicly traded Oil & Gas company trading under the ticker symbol NDOL on the US Pink Sheets market as well as on the Frankfurt Exchange under symbol CXIA. Nord Oil International and the North-West Oil Group merged on May 11, 2006. The company is in the process of filing all regulatory statements and will change its name to the North-West Oil Group and will be issued a new ticker symbol. The company presently produces over 876,000 barrels of crude oil yearly.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Contact:
    Contact:
    Gerald Parkin
    Investor Relations
    514-591-3666
    http://www.nordoil.com
    http://www.szng.ru