Rustam Minnikhanov again became Head of JSC “Tatneft” Directors board

25 June 2010, Friday

Annual meeting of JSC “Tatneft” shareholders was held in Almetyevsk under chairmanship of RT President Rustam Minnikhanov. Director general of JSC “Tatneft” Shafagat Takhautdinov reported on company’s activity in 2009. “Last year appeared to be the checking on economic stability for “Tatneft” under conditions of world crisis. Results of enormous purposeful work carried out within previous years on financial strengthening and improvement of corporate management allowed to bear all challenges in a proper manner and continue realizing strategic goals on stabilization and increasing volumes of profitable oil and gas production, expansion of resource base and product line diversification.

Consolidate rate of the company including oil production in Samara and Orenburg oblast made 26,106 mln. tons. Company also carries out search and survey of oil and gas fields in Kalmykia, Ulyanovsk oblast, Nenets autonomous district. By assessment of consulting firm «Miller and Lents» reserves of “Tatneft” for the beginning of 2010 made 862 mln. tons of oil.

Shareholders elected new Directors board. It consists of RT President Rustam Minnikhanov, RT Minister of land and property relations Azat Khamaev, RT Minister of finance Radik Gaizatullin, Aide to RT President on oil-gas-chemical complex Rinat Sabirov, Adviser of RT President on issues of developing oil and oil-gas fields Renat Muslimov, Director general of Tatarstan state holding JSC “Svyazinvestneftehim” Valery Sorokin. Among independent directors are Director of «Brentcross Ltd.» Marina Voskresenskaya, Managing director of «SGI Group Ltd» Sushovan Gosh, Director of British firm “Waygood Limited” David Waygood.

Top management of “Tatneft” is presented by Director General Shafagat Takhautdinov, his first deputies nail Ibragimov, Nail Maganov, deputies of Director General Vladimir Lavushenko and Rais Khisamov, Head of NGDU “Almetyevneft” Mirgaziyan Taziev.

Rustam Minnikhanov was elected Chairman of Directors board for the 11th time.

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