Board of Directors JSC «Moscow NPZ» have accepted the resignation of General Director of the refinery

At the board meeting on May 14 in JSC «Moscow NPZ» resignation of General Director Sergey Netesanov was accepted. Also it was decided to terminate the powers of the Management board of refinery.

Board of Directors of Moscow NPZ thanked Sergey Netesanov for fruitful work and significant contribution to the development of refinery. Netesanov’s decision to leave company is determinated by his change of place of work.

Powers of Sergey Netesanov and current Management board of Moscow NPZ will be valid till May 28, 2008.

At the meeting on May 27 Board of Directors will consider candidate Alexander Meling for the post of General Director of refinery and will approve the new Management board. Earlier the candidate Alexander Meling was agreed with key shareholders of JSC «Gazprom Neft» and JSC «Moscow Oil and Gas Company».