OREANDA-NEWS. September 30, 2010. JSC NOVATEK (“NOVATEK” and/or the “Company”) today announced that the Company has completed the sale of 100% of OOO NOVATEK-Polymer (“NOVATEK-Polymer”) to JSC SIBUR Holding.

NOVATEK initially transferred a 32% equity interest in NOVATEK-Polymer to JSC SIBUR Holding on 2 September 2010 after the signing of the Sales and Purchase Agreement and the remaining 68% equity interest was transferred on 27 September 2010 after the deal received approval from the Russian Federal Anti-Monopoly Service.

The disposal of NOVATEK-Polymer, which accounts for less than 3% of NOVATEK’s total revenues, is consistent with the Company’s strategy to focus on its core natural gas and gas condensate production and processing activities.