O.A.O. Tatneft announcement re: 2005 20-F and 1H 2006

O.A.O. Tatneft announcement re: 2005 20-F and 1H 2006 
TATERSTAN -- (MARKET WIRE) -- 11/13/06 --  On November 13, 2006 OAO
Tatneft issued the following press-release: 
November 13, 2006 
OAO Tatneft has filed its annual report on Form 20-F for 2005 with
the SEC and published its unaudited interim consolidated U.S. GAAP
financial statements for the first six months of 2006 
OAO Tatneft (the "Company") announces today that it has filed its
annual report on Form 20-F for 2005 (incorporating, inter alia, the
Company's audited consolidated financial statements for 2005 prepared
in accordance with U.S. generally accepted accounting principles
("U.S. GAAP")) with the U.S. Securities and Exchange Commission (the
"SEC"). At the same time, the Company published on its web-site (and
furnished to the SEC on Form 6-K) its unaudited interim consolidated
U.S. GAAP financial statements for the six months ended June 30,
2006. 
Selected financial highlights below are based on the respective U.S.
GAAP financial statements of the Company. Russian Ruble amounts below
have been translated into U.S. Dollars at the exchange rates on the
last day of the respective reporting period. 
The Company's revenues in 2005 were 300,358 mln Rubles (US$10,436
mln) as compared to 206,782 mln Rubles (US$7,452 mln) in 2004. The
net income for 2005 was 28,242 mln Rubles (US$981.3 mln) as compared
to 23,410 mln Rubles (US$843.6 mln) in 2004. 
The Company's revenues for the first six months of 2006 were 160,860
mln Rubles (US$5,940 mln) as compared to 138,816 mln Rubles (US$4,842
mln) for the first six months of 2005, and the net income was 17,922
mln Rubles (US$661.8 mln) for the first six months of 2006 as
compared to 15,797 mln Rubles (US$551 mln) for the first six months
of 2005. 
Total assets of the Company decreased from 309,561 mln Rubles
(US$11,155 mln) as of December 31, 2004, to 282,144 mln Rubles
(US$9,803 mln) as of December 31, 2005, and increased to 303,591 mln
Rubles (US$11,210 mln) as of June 30, 2006. 
Total liabilities of the Company decreased from 132,431 mln Rubles
(US$4,772 mln) as of December 31, 2004, to 79,734 mln Rubles (US$2,770
mln) as of December 31, 2005, and increased to 83,058 mln Rubles
(US$3,067 mln) as of June 30, 2006. 
Total shareholders' equity increased from 170,476 mln Rubles
(US$6,143 mln) as of December 31, 2004, to 198,721 mln Rubles
(US$6,904 mln) as of December 31, 2005, and to 216,712 mln Rubles
(US$8,002 mln) as of June 30, 2006. 
The Company's representatives will discuss the U.S. GAAP financial
highlights for 2005 and the first half of 2006 on a conference call
the details of which will be announced separately. 
Forward-looking statements:  This press release contains certain
forward-looking statements of OAO Tatneft. OAO Tatneft can give no
assurance that any of the events mentioned in such statements will
occur, or as to the precise timing of their occurrence. 


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