OREANDA-NEWS. On April 30 the Board of Directors  discussed the results of executing the budget of the Company for the first quarter and approved the budget for the month of May of the current year.

The Board of Directors approved the Agenda of the shareholders' meeting as well as certain other technical issues.

A decision was taken to recommend the general shareholders' meeting to approve payment of dividends for the year 2006 in the amount of 460% of the face value for the privilege shares and 460% of the face value for the ordinary shares with payment of the dividends to be made through cash facilities during the period starting July 1 till December 31, 2007.

Following the advice of the Auditing Committee the Board of Directors decided to recommend the general shareholders' meeting to approve ZAO Energy Consulting/Audit as the Auditor of OAO TATNEFT for the period of one year.