OREANDA-NEWS. The Board of Directors took into consideration the preliminary results of the NKNK’s operations over 2006 and stressed the need of maintaining a positive advancement in 2007.

Over the reporting period, the marketable output amounted to RUR 46bn. That is 115.6% in established prices, compared to the previous year relevant period. The NKNK’s proceeds constituted RUR 47.6bn, 18% rise compared to previous year.

The Board members took into account the raw material and finished product market survey results and the information on risk management at “Nizhnekamskneftekhim” INC, as well as approved of the procedures in financing the NKNK’s innovative activity in 2006.

The Board approved the date to hold the Company shareholders’ regular annual general conference as 26 April 2007.