OAO ANK BASHNEFT REFINERY

Bashneft&＃039; ANK OAO proven reserves at the beginning of 2007 were 15, 715 mln barrels of crude oil and 27, 921 bcf of natural gas, totaling 20, 369 mln boe. Bashneft&＃039; ANK OAO has an outstanding portfolio of production assets. The main production region for Bashneft&＃039; ANK OAO Group is Western Siberia. Bashneft&＃039; ANK OAO is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote d�Ivoire, Ghana and Iraq. With putting into operation the Nakhodkinskoye gas field in 2005 the Company started its gas program which targets at a rapid growth of gas production. The key regions for development of Bashneft&＃039; ANK OAO gas production are the Bolshekhetskaya Depression, the Northern Caspian and Tsentralno-Astrakhanskoye field in Russia as well as the Kandym � Khauzak � Shady project in Uzbekistan (put into production in 2007) and the Shakh Deniz project in Azerbaijan. Bashneft&＃039; ANK OAO owns significant oil refining capacity both in Russia and abroad. In Russia the company owns four large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod. Total capacity of Bashneft&＃039; ANK OAOL facilities in Russia is 44.5 mln tons of oil per year.Bashneft&＃039; ANK OAO also has refineries in Ukraine, Bulgaria, and Romania, with total capacity of 14.0 mln tons per year. In 2007 Bashneft&＃039; ANK OAO refined 52.16 mln tons of oil at its own refineries, including 42.55 mln tons at its Russian refineries. At the beginning of 2008 the Company&＃039;s marketing network encompassed 24 countries, including Russia, the near-abroad and European countries (Azerbaijan, Belarus, Georgia, Moldova, Ukraine, Bulgaria, Hungary, Finland, Estonia, Latvia, Lithuania, Poland, Serbia, Montenegro, Romania, Macedonia, Cyprus, Turkey, Belgium, Luxemburg, Czech Republic, and Slovakia) as well as the USA and includes 197 tank farm f