Taterstan -- (MARKET WIRE) -- November 15, 2006 --

     On 15 November 2006, OAO Tatneft made the following announcement:

On 17 November 2006 at 5 p.m. Moscow time, 2 p.m. GMT, the representatives of OAO Tatneft will discuss the U.S. GAAP financial highlights for 2005 and the first half of 2006 on a conference call.

To participate in the conference call please dial the following number in the United Kingdom +44 20 8974 7900 using PIN C485226.

OAO Tatneft

Forward-looking statements: This announcement 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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