OREANDA-NEWS. July 4, 2007. The annual general meeting of shareholders of OJSC Sibirgazservis was held on 26 June 2007.

The key points of the annual report on the Company's operation in 2006 were verbalised by Andrei Galchenko, director of the Novosibirsk Branch of Gazeks Management LLC, the management company of OJSC Sibirgazservis.

In particular, he noted that 31,683.2 tonnes of liquefied gas was sold in 2006 versus the planned target of 30,639.5 tonnes, which amounts to 103% of the target. Increase in liquefied gas sales via gas filling stations for motor vehicles is due to a growing number of cars using liquefied gas as fuel and a growing number of gas filling stations for the Company.

Services were provided to transport 1.2739 billion cubic metres of natural gas versus the expected target of 1.1838 billion cubic metres, which amounts to 108% of the target. Increase in the amount of natural gas transport is due to the growing length of serviced gas mains and natural gas pipelines. Net assets grew 20.406 million roubles or 107%, emphasised the branch director.

The shareholders of OJSC Sibirgazservis passed the following decision on profit allocation:

1.     Direct 10,967,021.8 roubles to develop the Company's operations.

2.     Pay dividends on ordinary shares of OJSC Sibirgazservis for 2006 in the total amount of 3,643,841.00 roubles or 0.79 roubles per one ordinary share of the Company.