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YUKOS-Moscow President's functions go to Steven Theede

Posted: 28 October 2003

Following the election of YUKOS-Moscow President Vasily Shakhnovsky to the Federation Council as representative of the Legislative Assembly (the Suglan) of the Evenkiya Autonomous District, his duties have been assigned to Steven M. Theede, First Vice President and COO of YUKOS-Moscow.

Vasily Shakhnovsky was elected to the upper chamber of Russia 's parliament, the Federation Council, to represent the Legislative Assembly of the Evenkiya Autonomous District by an extraordinary session of the Suglan held on October 27.

Steven Michael Theede was born on March 31, 1952 in Hutchison, Kansas, USA . In 1974, he graduated from Kansas State University with a degree in Mechanical Engineering. In 1974, Mr. Theede joined Conoco in the US and occupied positions in production, refining, and marketing at the company. Before joining YUKOS, Mr. Theede most recently held the post of President, Exploration & Production for Europe, Russia and Caspian at ConocoPhillips.

YUKOS Oil Company is the largest fully privatised vertically-integrated oil company in Russia. In 2002, YUKOS produced 69.5 million tonnes of crude oil, and refined 32.9 million tonnes. The management company for YUKOS Oil Company is OOO YUKOS-Moscow. The YUKOS upstream operations company is YUKOS EP (Yuri Beilin, President). The YUKOS downstream operations company is YUKOS RM (Mikhail Brudno, President).

Forward-looking statement.
Some of the information in this press release may contain projections or forward-looking statements regarding future events or the future financial performance of YUKOS. We caution you that these statements are not guarantees of future performance by the Company or of the occurrence of future events associated with the activities of the Company, and involve risks, uncertainties, and assumptions that the Company cannot predict with certainty. Accordingly, actual Company outcomes and results may differ materially from what we have expressed or forecasted in the forward-looking statements. The Company does not intend to update these statements to make them conform with actual results.

For more information see www.yukos.com.

Posted by Richard Price, Editor Pipeline Magazine

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