OREANDA-NEWS. On June 26, 2009 After completion of the OAO TATNEFT Shareholders Meeting in Almetyevsk the Board of Directors meeting was held in the newly approved composition chaired by R.N. Minnikhanov, Prime Minister of the Republic of Tatarstan, reported the press-centre of TATNEFT.

The Board of Directors reviewed the results of the OAO TATNEFT budget execution for five months of 2009 and approved the budget for the month of July and for the third quarter of the current year.

The Board discussed plans of the Board of Directors' activities for the second half of 2009.

The Board adopted a decision about introducing a number of changes and amendments into the Provisions on the Information Disclosure Committee and on the HR and Remuneration Committee.

The Board of Directors reviewed and approved membership of the OAO TATNEFT's Board of Directors Committees: Auditing Committee (Chairman S. Gosh. Director of SGI Group Ltd, Member of the Board of Directors of OAO TATNEFT); Corporate Management Committee (Chairman V.I. Gorodny, Deputy General Director of OAO TATNEF, Head of Property Department of OAO TATNEFT); HR and Remuneration Committee (Chairman D. W. Waygood, Director of Waygood Limited, Member of the Board of Directors of OAO TATNEFT) and Information Disclosure Committee (Chairman V.P. Lavushchenku, Deputy General Director of OAO TATNEFT on Economics).

The Board of Directors also discussed a number of other issues of OAO TATNEFT activity.