Moscow, 5 July 2002; Sibneft has appointed Victor Mishnyakov as acting Head of Investor Relations. Victor joins Sibneft from the Nikoil investment banking group, where he worked as Director of the Strategic and Corporate Planning department.

Victor has five years of experience as a senior analyst covering the oil and gas sector for Nikoil. He has provided consulting services to the governments of Azerbaijan and Tatarstan on oil industry restructuring, and has also participated in a series of major industry acquisitions.

Victor in 2001 received a Masters Degree in Finance from London’s City University Business School. He also holds a degree in oil industry economics and management from Russia’s Gubkin State Oil and Gas Academy, and a degree in geography from Moscow State University. Victor is a member of the UK’s Institute of Petroleum.

Sibneft has already won widespread recognition for the quality of its investor services. The company's achievements were recognised in the Reuters Global Emerging Markets Survey 2000, where it was ranked as the number one company in the Europe, Middle East and Africa region across a range of categories.

Sibneft president Eugene Shvidler said, “Sibneft is committed to excellence in investor relations. Victor will play a key role in helping the company to develop its relationship with the global investor community, as it seeks to apply global best practice in the field of corporate governance.”

Contact:

Nick Halliwell
Sibneft
Tel: +7 095 777 3116
nick@sibneft.ru
www.sibneft.ru