Gazprom Neft received a notice from the Federal Arbitration Court of reconsideration of the case concerning imposition of the fine equal to 1.3 billion rubles.

JSC Gazprom Neft was notified by the Federal Arbitration Court of the Russian Federation of the repeated sitting in relation to the case concerning imposition of the fine equal to 1.3 billion rubles.

On 24.11.2008 the sitting of the Federal Arbitration Court of the Russian Federation took place, whereby the administrative case in relation to JSC Gazprom Neft was considered on grounds of the antimonopoly law violation.

The case was considered in the absence of Gazprom Neft representatives. However, according to the mass media data and press-release of the Federal Arbitration Court, JSC Gazprom Neft was found guilty and a fine in the amount of over 1.3 billion rubles was imposed on the company. Afterwards, on 26.11.2008 the representatives of Gazprom Neft were invited to the Federal Arbitration Court of the Russian Federation for serving the Court Ruling on imposition of the fine.

Nevertheless, on 26.11.2008 the Federal Arbitration Court refused to issue the Court Ruling and notified the representatives of the company of appointing the case reconsideration on 28.11.2008.

JSC Gazprom Neft express their perplexity in relation to the attitude of the Federal Arbitration Court, as the legislation provides against adopting a Court Ruling and inflicting a fine under one and the same case for the second time.

In connection with the current situation JSC Gazprom Neft directed an application to the Federal Arbitration Court for issue of the Court Ruling of 24.11. on hand and is intended to request that the Federal Arbitration Court should substantiate the necessity of the case reconsideration.