Gazprom Neft sets up a service of the united construction customer

Moscow, June 16, 2006: OJSC Gazprom Neft has acquired a 100 percent equity stake in LLC Zarubezhneftegazstroy to become a platform for setting up a service of the united construction customer, which will allow the company to focus all the activities of the construction customer within a sole juridical person's competence.

In view of setting up a department of capital construction within Gazprom Neft's structure the company administration has issued the challenge of founding a service of the united construction customer in the shortest time possible. The service activities are to start on July 1, 2006.

Zarubezhneftegazstroy branch offices are to be settled in Noyabrsk, Khanty-Mansiysk, Omsk and Tomsk. The staff for Zarubezhneftegazstroy and its branch offices will be integrated by way of a partial transfer of the employees of capital construction services from Gazprom Neft subsidiaries.

LLC Zarubezhgazpromneft is an engineering company holding all necessary licenses for arranging of project construction with activities satisfying international quality and safety standards.