Moscow Mayor Yu. Luzhkov and Chairman of the Management Board of JSC Gazprom Neft A. Dyukov Discuss Issues of Sibir Energy Management

Moscow Mayor Yuriy Luzhkov and Chairman of the Management Board of JSC Gazprom Neft Alexander Dyukov held a working meeting on June 24, 2009.

In the course of the meeting Yuriy Luzhkov and Alexander Dyukov discussed the current situation in respect of Sibir Energy and agreed to continue working on the preparation of Sibir Energy Shareholders Agreement. The parties confirmed that three Gazprom Neft’s representatives and two representatives of the Moscow Government will enter the company’s Board of Directors.

Besides, the parties came to an agreement that Igor Tzibelman currently holding a position of the First Deputy CEO of Sibir Energy will take charge of the company upon completing of all legal formalities and a handover period.