April 2009

The result of the meeting was that Sergei Grachiov signed the agreement on supply of oil products for agroindustrial complex of Orenburg region with Acting Preisdent of OAO Oil & Gas Company "RussNeft" Yakov Itskov and the General Director of OAO "Orenburgnefteproduct" Aleksandr Slastnov.

In conformity with the agreement "RussNeft" and "Orenburgnefteproduct" shall  within the month of May of the current  year provide supply of oil products for agricultural enterprises of the region on advanced payment terms from the bulk plants of OAO "Orenburgnefteproduct" in the following amounts:

Gas oil L-0,2-62 (summer) - up to 20 thousand tons;

Unleaded gasoline Normal-80 - up to 3 thousand tons;

Diesel oils M 10 G2 - up to 1.1 thousand tons, M 10 G2 K - up to 0.2 thousand tons.

The prices for gas oil and gasoline supplied in May 2009 shall be set 7% lower than the existing wholesale prices of OAO "Orenburgnefteproduct" for the moment of shipment.