Analyst Reports

Several independent research reports on Sibneft are available to download from this site in pdf format. Sibneft does not vouch for the accuracy of the information or endorse the opinions contained in the reports, which remain the property of the brokerage companies and investment banks concerned.

The following analysts are among those who provide regular coverage:

Company	Analyst	Contacts	Company website
Alfa Bank	Konstantin Batunin	+7 (495) 785-4876	www.alfabank.ru
Bank of Moscow	Vladimir Vedeneev	+7 (495) 745-8000	www.mmbank.ru
Citigroup	Аlexandr Korneev	+7 (495) 643-1581	www.citi.com
Credit Suisse	Vadim Mitroshin Anton Fedotov	+7 (495) 967-8355	www.credit-suisse.com
Deutsche Bank	Tatiana Kapoustina Pavel Kushnir	+7 (495) 797-5000	www.db.com
Dresdner Kleinwort	Konstantin Reznikov	+7 (495) 737-3660	www.dkib.com
IFC Metropol	Alexei Kokin	+7 (495) 933-3316	www.metropol.ru
JP Morgan	Nadia Kazakova Andrey Gromadin	+7 (495) 967-1000 +7 (495) 967-1037	www.jpmorgan.com
Goldman Sachs	Anton Sychev Farid Abasov	+7 (495) 645-4012 +7 (495) 645-4017	www.gs.com
Merrill Lynch	Hootan Yazhari, CFA Dr. Alina Chapovskaya	+44 (0)207 996 3250 +44 (0)207 995 4706	www.ml.com
MDM Bank	Andrew Kucherov	+7(495)797-9500	www.mdmbank.ru
Morgan Stanley	Matthew J Thomas Katya Shiro	+44 (207) 425-5387 +44 (0)20 7425 7049	www.morganstanley.com
Otkritie	Natalia Milchakova	+7(495)232 9966	www.open.ru
Renaissance Capital	Alexander Burgansky Evgenia Dyshlyuk	+7 (495) 258-7904 +7 (495) 725-52-65	www.rencap.com
Rye, Man & Gor Securities	Alexander Sidorov	+7 (495) 258 62 62	www.rmg.ru
Troika Dialog	Valery Nesterov Oleg Maximov Alex Fak	+7 (495) 258-0511	www.troika.ru
UBS	Dmitry Loukashov Maria Radina	+7 (495) 648-2374 +7 (495) 648-2352	www.ubs.com
Unicredit Aton	Artem Konchin Pavel Sorokin	+7 (495) 777-8838 +7 (495) 777-8877	www.unicreditaton.ru
Uralsib capital	Viktor Mishnyakov Mikhail Zanozin	+7 (495) 788-0888	www.uralsib.ru
Veles Capital	Mikhail Zak Dmitriy Lyutyagin	+7 (495) 258-1988	www.veles-capital.ru

Reports for 2008

• RYE, MAN & GOR SECURITIES - Gazpromneft: Medium Oil with a Big Brother (February 20, 2008)
• Bank of Moscow, Gazprom Neft: Risks are beeing neutralized by high cash flows (January 30, 2008 - In Russian)

Reports for 2005

• Troika Dialog, Introducing New Estimates for 2006-07: Selective Names Still Attractive
• Troika Dialog, Fair Values Raised on New Forecasts for Crude URALSIB Research: Sibneft, 'A Good Performance - 1H05 US GAAP Results'
• Uralsib on Sibneft 2004 GAAP Results (July 13, 2005, English)

Reports for 2004

• Troika Dialog, Russian Oil Sector: Post-Oligarch Era
• Troika Dialog, Russian Oil Sector: Sibneft and Transneft Upgraded to BUY
• Troika Dialog, YUKOS/Sibneft: Corporate Governance Risk Increased
• Olma, Sibneft 2003 GAAP (July 22, 2004, Russian)
• Olma, Sibneft 2004 Overview (June 2004, Russian)
• Bank of Moscow, Sibneft 1H 2004 GAAP (September 22, 2004, Russian)
• Bank of Moscow, Sibneft 2003 GAAP (July 21, 2004, Russian)
• Alfa Bank, Sibneft 2003 GAAP (July 20, 2004)
• Aton, Sibneft 2003 GAAP (July 20, 2004)
• Aton upgrade, June 2004

Reports for 2003

• Troika Dialog, Sibneft: De-coupling, Upgraded to HOLD
• Troika Dialog, YUKOS/Sibneft: Merger on Hold, Sibneft Poised to Outperform
• Alfa Bank, YukosSibneft (April 23, 2003)
• Alfa Bank, Sibneft 2002 Dividends (March 14, 2003)

Reports for 2002

• Troika Dialog, Sibneft: Implications of Slavneft acquisition
• Troika Dialog, Sibneft: Onaco asset swap
• Alfa Bank, Results of Slavneft Auction, December 2002.pdf
• Alfa Bank, Sibneft 1H02 GAAP.pdf
• Alfa Bank, January 2002.pdf
• Aton, June 2002.pdf
• Brunswick, Sibneft 1H02GAAP.pdf
• Brunswick, July 2002.pdf
• Brunswick, June 2002.pdf
• Brunswick, March 15, 2002.pdf
• Brunswick, March 4.pdf
• ING, Sibneft Bonds.pdf
• Rencap, July 2002.pdf
• Rencap, Slavneft acquisition.pdf
• Rencap, October 2002.pdf

Reports for 2001

• Aton, October 2001.pdf
• Aton, August 2001.pdf
• Aton, June 2001.pdf
• Aton, Share buyback June 2001.pdf
• Aton, April 2001.pdf
• Rencap, September 2001.pdf
• UFG, August 2001.pdf