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06.04.2004

YUKOS OIL CO., SURGUTNEFTEGAS AND SAKHA REPUBLIC SIGN AGREEMENT OF UNDERSTANDING

YUKOS Oil Company, Open Joint Stock Company “Surgutneftegas” and the government of the Sakha Republic signed yesterday an agreement to settle the issues concerning the development of the Talakanskoe field. Under the agreement, Open Joint Stock Company “Sakhaneftegas” will sell to Surgutneftegas the assets of the Talakanskoe field, including Open Joint Stock Company “Lenaneftegas”.