OREANDA-NEWS. The Annual General Meeting of OAO Stroytransgaz (STG) took place onin its home office in Moscow, during which an Annual Report and Annual Accounts of the Company for the year of 2006 were approved.

Value of contractor works of the Company last year made 51,2 billion rubles, exceeding the figures of the year 2005 by 109%, net profit mounted up twice as much. The previous year was commemorated not only by serious growth in activity consumption quantity of OAO Stroytransgaz, but also by major modifications of the Company’s profile: the scope of works performed by its own resources was increased; the scope of rendered services was diversified not only by customers, but by catchment areas as well. At present the services of OAO Stroytransgaz are utilized by such leader companies of Russian oil and gas industry as Gazprom, Transneft, Lukoil, TNK-BP, Rosneft. Increase of number of customer companies reduced the risk of dependence of a single customer.

Executing a program of development, OAO Stroytransgaz expanded its presence in the foreign markets: if in 2005 foreign orders made 8% from the realized projects, in 2006 their share approached 20%.  Being the only Russian company implementing large scale construction projects in oil and gas complex abroad, in the report year OAO Stroytransgaz continued its production activities in Algeria, Greece, India, Syria, Sudan and Finland.

Together with execution of traditional for Company orders in gas sector and build-up of cooperation with oil companies, in 2006 STG continued realization of projects in the field of civil and special construction, approached a construction market of electric power industry. Net profit of the Company from 2006 activities makes 669 110 249 rubles, out of which the total amount for payment of dividends makes 201 600 000 rubles, and the rest of the net profit in the amount of 467 510 249 rubles will be channeled into investment program of the Company.

By decision of the general meeting of shareholders the dividends on shares for 2006 were approved in the amount of 56 rubles both for one ordinary and one privileged shares. The period for dividends payment is from July till December 2007 inclusively.

By decision of the shareholders OOO Finance and Accounting Consultants was chosen as auditors of OAO Stroytransgaz for 2007.

The shareholders organized an audit commission consisting of N.A.Lavrova (she), G.M.Pozdnyakov, A.F.Samokhvalov.

By the results of cumulative voting the following persons were elected into the Board of Directors of OAO Stroytranshaz:
• Vyacheslav Nikitovich BABUSENKO, First vice president, Head of Administration Department;
• Alexander Victorovich KRASNENKOV, Chairman of the Board of Directors, General Director of OOO Baltiiskii Szhizhenny Gaz;
• Victor Yakovlevich LORENTS, President of OAO Stroytransgaz;
• Alexander Yuryevich MURANOV, Member of the Board of Directors, Deputy Chaiman of the Management Board of AB Gazprombank (ZAO);
• Victor Ioganesovich OTT, First vice president, Head of Department of Corporate Management of OAO Stroytransgaz;
• Mikhail Leonidovich SEREDA, Member of the Board of Directors, Deputy Chaiman of the Management Board- Head of Management Office of OAO Gazprom;
• Alexander Ottovich SHMIDT, Member of the Board of Directors, First vice president of AB Gazprombank (ZAO);
• Ernest Teodorovich ERVALD, Member of the Board of Directors, Adviser to President of OAO Stroytransgaz.

At the same day during the first session of the new Board of Directors Alexander Victorovich KRASNENKOV was again elected a Chairman of the Board of Directors.