The Board of Directors of JSOC Bashneft made a decision to increase the number of members of the Management Board from 12 to 14, and appointed Dmitry Panyukov, the Company’s Vice-President for Regional Sales, and Dmitry Ryabchenko, the Vice-President for Capital Construction and Logistic Support, to the Management Board.

At the meeting, the Board of Directors also considered other issues and approved a number of transactions forming part of Bashneft’s day-to-day operations.