Novatek Expands Presence in Yamal-Nenets Autonomous Region

OAO Novatek has acquired a 25% participation interest in each of the following companies; OOO Oiltechprodukt-Invest, OOO Petra Invest-M and OOO Tailiksneftegas.

The acquired companies hold exploration licenses to certain license areas located in the Yamal-Nenets Autonomous Region which are in close proximity to the Company's existing fields.