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Sibneft Names New Vice President for Production

Moscow. February 2, 2006. Sibneft today named Reval Mukhametzyanov as the company’s new vice president for production. Mukhametzyanov returns to the post, which he has held previously, after serving for over three years as vice president of Slavneft.

Mukhametzyanov will oversee the exploration and production operations of Sibneft-Noyabrskneftegas and Slavneft. His long association with the company will allow him to quickly reinvigorate the development of Sibneft’s production assets while maintaining the company’s current strategy.

Sibneft vice president Andrey Matevosov will continue in his post, focusing his efforts on the development of new exploration and production projects. He will supervise the company’s Sibneft-Vostok, Sibneft-Khantos and Sibneft-Chukotka business units.

“In previous years, Reval Mukhametzyanov’s high level of professionalism helped Sibneft to achieve some impressive results,” said Sibneft president Alexander Ryazanov. “His experience and insight will aid the company in achieving its plans for stabilizing production and ensuring long-term growth.”

Born in 1934, Reval Mukhametzyanov is a graduate of Kazan State University. In 1977, he became chief geologist of Nizhnevartovskneft and later headed the Nizhnevartovskneftegas unit in charge of the major Samotlor oilfield from 1982 through 1985. He worked for a decade as chief geologist and deputy general director of Noyabrskneftegas (now part of Sibneft) from 1985 until 1995 before joining Sidanco as executive director and senior vice president.

From 1997 through 2002, Mukhametzyanov served as Sibneft’s vice president for oil production. In 2002, he left to become senior vice president of Slavneft.