OREANDA-NEWS. December 17, 2010. Tatneft (the "Company") published on its web-site (http://www.tatneft.ru/eng) the reviewed consolidated interim condensed financial statements for the nine months of 2010 prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") (the "Financial Statements") and related Management Discussion and Analysis of Results of Operations (the "MD&A"), reported the press-centre of Tatneft.

Selected financial highlights below are based on the respective U.S. GAAP financial statements of the Company. These highlights do not replace the Financial Statements or the MD&A and all interested persons are encouraged to read these documents for full understanding of the nine months of 2010 U.S. GAAP results. Russian Ruble amounts below have been translated into U.S. Dollars, for revenue and net income at the average exchange rate during the respective reporting period, and for balance sheet items at the exchange rate on the last day of the respective reporting period.

The Company's consolidated revenues in the nine months of 2010 were 338,230 million Rubles (USD 11,181 million) as compared to 272,264 million Rubles (USD 8,383 million) in the same period of 2009. The consolidated net income for the nine months of 2010 was 30,370 million Rubles (USD 1,004 million) as compared to 46,423 million Rubles (USD 1,429 million) in the nine months of 2009.

Total consolidated assets of the Company increased from 495,742 million Rubles (USD 16,394 million) as of December 31, 2009, to 559,438 million Rubles (USD 18,403 million) as of September 30, 2010.

Total consolidated liabilities of the Company increased from 182,235 million Rubles (USD 6,026 million) as of December 31, 2009, to 225,998 million Rubles (USD 7,434 million) as of September 30, 2010.

Total consolidated shareholders' equity increased from 313,507 million Rubles (USD 10,367 million) as of December 31, 2009, to 333,440 million Rubles (USD 10,968 million) as of September 30, 2010.