At a meeting held today by absentee voting, the Board of Directors of JSOC Bashneft accepted the resignation of Viktor Gantsev, Senior Vice President for Refining and Petrochemicals, from the Management Board due to his retirement

‘We regret that Viktor Gantsev is leaving the Company. During his thirty-six-year tenure at Bashneft, he has made an invaluable personal contribution to the development of the Company’s refining operations, which are now industry leading in Russia,’ commented Bashneft President Alexander Korsik. ‘I would like to thank Mr. Gantsev on behalf of the Company and on my own behalf for his outstanding work and I wish him success in all his plans after retirement.’

The Board of Directors also decided to appoint Andrey Pilipenko, Bashneft’s Vice President for Security, to the Management Board of Bashneft.