|Bozhidar Avramov was the top scorer for Lukoil with 18 points|
Lukoil Academic finished the Last 16 of the EuroChallenge with a 77-67 victory at Barak Netanya.
Having already secured second place in Group I but without a chance of coming in first after losing twice to pool winners Spartak Saint-Petersburg, Jovica Arsic's team prevailed in Israel to end up with four wins and two defeats.
Defeat for Netanya sentenced them to a fourth-place finish since Israeli rivals Maccabi Haifa won their game against Spartak earlier in the night.
Bozhidar Avramov had 18 points to lead Lukoil.
Netanya led 24-17 at the end of the first quarter but the visitors from Sofia stormed back and went to half-time on top, 36-35.
Lukoil didn't take the lead for good, though, until 2:44 remained in the third quarter.
That's when Travis Peterson scored with a lay-up to ignite an 8-0 run and they stayed in front the rest of the way.
Lukoil Academic Head Coach Jovica Arsic:
"I expected a better game by both teams, but the game didn't mean much and it was evident on the court. Netanya played aggressive inside to dominate in the first quarter and we were forced to make adjustments."
Barak Netanya Head Coach Arik Elfasi:
"This brings an end to our European campaign for the year. All in all it was a great experience for our team to be in the competition, and our club should be proud of its accomplishments to be in the final 16 of the EuroChallenge. I hope this will be part of an ongoing tradition for our organization."
Barak Netanya Captain Eliran Guetta:
"It was a great experience to participate in the EuroChallenge competition. I am proud of our club and organization for such a great accomplishment being among the final 16 teams. We fought hard and will hold our heads high, waiting for our return to the competition next year."