OREANDA-NEWS. Today, JSOC Bashneft's Board of Directors has accepted the resignation of Oleg Mikhaylov, Vice President for Oil and Gas Production, from the Management Board, as Mr. Mikhaylov has decided to leave the Company for family reasons.

'We greatly regret that Oleg Mikhaylov is leaving the Company. He has made a significant personal contribution to the Company's record-breaking production growth, to enhancing the efficiency of geological and engineering operations and to the successful start of production at the Trebs and Titov fields,' commented Bashneft's President Alexander Korsik. 'I would like to thank Oleg on behalf of the Company, and I wish him success in attaining all his personal goals and new professional achievements.'