OREANDA-NEWS. The Board of Directors of OAO NOVATEK has approved today the decision to increase the number of the Company's Management Committee from nine (9) to 12 members.

The Company's Board has elected the following individuals to NOVATEK's Management Committee:
* Viktor N. Belyakov, Deputy Chairman of the Management Board for Economics and Finance;
* Oleg V. Karpushin, Deputy Chairman of the Management Board - Operations Director;
* Igor A. Plesovskikh, Deputy Chairman of the Management Board - Director for Geology;
* Ilya V. Tafintsev, Director for Strategic Projects;
* Denis G. Khramov, Deputy Chairman of the Management Board.

The Board resolved to terminate the membership of Iosif L. Levinzon and Sergey V. Protosenya in the Company's Management Committee. The Board also approved amendments to the Company's Regulations on Risk Management and Internal Control Systems.