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TATNEFT Company successfully continues development of methods for protection of oil field equipment from corrosion.

OOO LUKOIL-Nizhnevolzhskneft (a wholly-owned LUKOIL subsidiary) and Saipem SPA (Italy) signed a contract today to construct subsea pipelines to transport oil and gas from the Northern Caspian fields.

OAO TATNEFT produced 2,128,087 tons of crude oil in April, while the production volume for four months amounted to 8,581,700 tons accounting for 56,819 tons increase versus 2011 (100.7%) with the above-the-plan production amounting to 187,498 tons (102.2%).

The Board of Directors of JSOC Bashneft has held its extraordinary meeting today and has discussed the preliminary results of investigation of the accident at the Trebs oilfield in the Nenets Autonomous District and the implementation of oil spill response procedures.

According to TNK-BP, Varyoganneftegaz (a TNK-BP company) expects to have up to 35 percent of producers equipped with new generation tubing by the end of 2013 to increase production efficiency.

On 2 May 2012 Rosneft publishes its consolidated IFRS financial statements for Q1 2012.

The innovators of TATNEFT commemorated the World Intellectual Property Day this year with registration of the title of protection for the result of intellectual activity.

Dmitry Konov, CEO of Russian petrochemical holding company SIBUR, and Wang Tianpu, President of ChinaPetrochemical Corporation (Sinopec Group), today signed a cooperation agreement during the Russian-Chinese Forum on commercial investment cooperation.

At the AGM of CJSC SIBUR Holding (“SIBUR” or “the Company”) held yesterday in Moscow, the following resolutions were passed:

Rustam Minnikhanov, President of Tatarstan, held a working conference at OAO "TANECO" (Nizhnekamsk, Republic of Tatarstan), where the issues of operating 1A1 Start-up complex facilities and further implementation of the Project were discussed.

Rosneft and Statoil signed a cooperation agreement to jointly explore offshore fields in the Russian sections of the Barents Sea and Sea of Okhotsk. The agreement also covers Rosneft’s participation in the exploration of license blocks in the Norwegian part of the Barents Sea, as well as the possible acquisition by Rosneft of interests in Statoil’s international projects.

The Board of Directors of OJSC TNK-BP Holding (TBH), the Russian holding company of TNK-BP Group, has decided to convene the annual general shareholders meeting of TBH on June 28, 2012.

The Gazprom Board of Directors reviewed the efficiency of Gazprom's oil business and addressed the proposals on boosting oil production volumes.

An annual conference of inventors and innovators, where the innovative activities for 2011 were summed up, was held at OAO TATNEFT.

With major oil firms again slashing the prices of their fuel products by token 25 centavos per liter, Energy Secretary Angelo Reyes yesterday tossed …

Compliance with the environmental legislation at the facilities of OAO TATNEFT is ensured by the production and environmental control system (PEC) and environmental analytical control.

Rosneft and Eni today signed a Strategic Cooperation Agreement to jointly explore fields in Russian sections of the Black and Barents Seas and exchange technology and staff. The agreement also envisages Rosneft’s participation in Eni’s international projects.

Gazprom has elected Vladimir Subbotin as Director General of Gazprom Transgaz Samara.

Vagit Alekperov, President of OAO LUKOIL, and Jose Luis Porté, President of Meroil, participated in the festive ceremony today dedicated to the commissioning of a new petroleum terminal at the port of Barcelona (Spain).

ROYAL Dutch Shell will sell full or part-stakes in as many as 9000 petrol stations worldwide and cut a further 1000 jobs as it intensifies its global cost-cutting.