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February 4, 2008 |
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TATNEFT OAO: Approves Nominee List for New Board of Directors OAO Tatneft's board of directors on Jan. 31, 2008, considered the proposals submitted for the nominations to the Board of Directors and the Auditing Committee. The board decided that these candidates would be included into the voting bulletins to elect the Members of the Board of Directors: * Shafagat Fakhrazovich Takhautdinov, Tatneft General Director; * Valery Pavlovich Vasilyev, Minister of Land and Property Relations of the Republic of Tatarstan; * David William Waygood, CEO of Waygood Limited Company; * Maria Leonidovna Voskresenskaya, CEO of Brentcross Holding Ltd.; * Radik Raufovich Gaizatullin, Minister of Finance of the Republic of Tatarstan; * Sushovan Ghosh, Managing Director of SGI Enterprises Ltd; * Nail Gabdulbarievich Ibraghimov, First Deputy General Director on Upstream - Chief Engineer of OAO Tatneft; * Vladimir Pavlovich Lavushchenko - Deputy General Director, Tatneft; * Nail Ulfatovich Maganov, First Deputy General Director on Downstream, Tatneft; * Renat Khaliullovich Muslimov, the RT President Consultant on Oil and Gas Field Development; * Rinat Kasimovich Sabirov, Head of Petrochemical Complex Department of the RT Cabinet of Ministers; * Valery Yuryevich Sorokin, General Director of OAO Svyazinvestneftekhim; * Mirgaziyan Zakiyevich Taziyev, Head of Oil Production Unit Almetyevneft; * Rais Salikhovich Khisamov, Deputy General Director. The Auditing Committee Candidates were also nominated at the meeting. The board of directors took into consideration a decision to designate Rustam Nurgaliyevich Minnikhanov the Prime Minister of the Republic of Tatarstan to represent the Government in the OAO Tatneft Board of Directors. The company also reviewed its 2007 budget performance results and approved the budget for February 2008. The Company's progress on implementation of the two investment projects that are underway in the ALABUGA Special Economic Zone was reported and discussed at the meeting: -- fiberglass and its products manufacture project; and -- compounds production project for an automotive industry. In order to implement the first project the ??? Preiss-Daimler Tatneft - Alabuga Fibre Glass Company was set up with the equal stakes of OAO Tatneft and Preiss-Daimler Group. To implement the second project, it was agreed to launch a Joint Venture with Basell Company. Both of the businesses are anticipated to start their production in 2009 and the full capacity expects to be reached in 2011. The Working Commission reported about the preparatory activities which were being carried out to hold the Annual General Shareholders' Meeting dedicated to the 2007 business performance results. The board of directors decided to conduct the Annual General Shareholders' Meeting on June 26, 2008, in Almetyevsk in the Palace of Culture Neftche in Almetyevsk, at 10:00 a.m., Moscow time. The participants registration procedure was approved. The preliminary registration will be held during the period of June 16-25, 2008, from 8:00 a.m. to 5:00 p.m. at: OAO Tatneft Property Department Gagarin Street Almetyevsk Russia The list of individuals entitled to attend the Meeting will be drawn up based on the Company Shareholders Register data as of 8:00 a.m. on May 12, 2008. About Tatneft Headquartered in Tatartan, Russia, OAO Tatneft -- http://www.tatneft.ru/eng/ -- explores for, produces, refines and markets crude oil. The company operates a chain of retain gasoline filling stations and exports some of its petrochemical products to former Soviet Union countries and Europe. * * * Tatneft continues to carry Fitch's B+ Issuer Default rating. Its Short-Term rating stands at B. Fitch said the outlook is positive. |
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