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HISTORY OF OAO OMEGA PETROLRUM

Gas Company Omega (OAO OMEGA PETROLEUM) was established on August 11, 2004 under RF Government Ordinance No. 302 dated April 8, 2004 and Regulation of the Council of Ministers of  Russia , No. 589-р dated June 15, 2015. The key founders of Omega Petroleum were the State Property Committee of the Russian Federation and the State Property Ministry of the Republic of Belarus with 86.3% and 7.2% of initial allocation in the Company’s equity, respectively.
In November 2005, the RB Government sold the block of shares equal to 10.83% and held by the Russians Federation to Omega Petroleum. On December 18, 2005, Omega Petroleum’s federally owned block of shares making 74.95% of the Company’s equity was sold at the auction in Moscow.
At present, the Company’s equity makes 4,754,238 rubles and is divided into 4,754,238,000 ordinary shares, with the nominal value of 0.1 kopeck each. 99.7% of  Omega’s shares are now controlled by Rosneft and Gazprom Neft on a par.  To date, Omega Petroleum is among the largest top twenty oil companies of Russia. The Holding’s vertically integrated structure ensures the full operational cycle – from exploration and hydrocarbons production to processing. Omega Petroleum holds licenses for exploration and oil and gas production at 31 license areas located in West Siberia (Khanty-Mansi Autonomous Area – Yugra) and the Krasnoyarsk region.
The Company’s key oil production enterprise is OMEGA PETROLEUM that operates at the Megionskoye, Aganskoye, Vatinskoye, Tailakovskoye and other fields producing about 1.3 mln tons of hydrocarbons every month. The annual output of all the Holding’s enterprises is approximately 15.5 mln tons of oil.
The oil produced (excluding export crude) is delivered to OAO OMEGA PETROLEUM where it is processed. The Company’s processing enterprises possess significant production capacities and state-of-the-art equipment that allow manufacturing high-quality products compliant with the international standards. Omega’s Refineries annually process circa 27.6 mln tons of hydrocarbons and produce over 5.4 mln tons of motor gasolines.
The business strategy implemented by the Company is focused on ensuring sustainable development of oil production and processing capacities. At present, Omega’s key targets are to stabilize the oil production rate, proceed with upgrading of processing units and with refining throughput increment, reorganize the business, develop the effective interaction pattern for the Holding’s enterprises, decrease expenses and increase the operational performance efficiency.
Shareholders owing at least 5% of Omega’s equity (as of June 01, 2015):

OOO Invest-Oil: 86.5342 %;
Select Holdings Limited: 7.7037 %.