Gazprom Neft will Allocate the Dividends of Slavneft which in 2005 have Made 70 Percent from Net Profit to Development of Business.

On May 15, 2006 the board of directors of JSC NGK Slavneft has recommended to the shareholders to approve dividends for Q IV 2005 at a rate of 8.7 billion rubles. For the first half-year and Q III 23.34 billion rubles were paid to the owners of the company. Thus, final payments for 2005 will make almost 1.2 billion dollars, or 70 percent from net profit of the company.

Let’s remember that in 2002 74.95 percent of shares of Slavneft have been acquired by Sibneft and TNK BP almost in equal proportion. “Gazprom Neft plans to invest the received dividends in development of business,” - informs today’s issue of the Vedomosti newspaper