OAO Gazprom has summed up the results of the tender to choose companies to carry out valuation. The tender was announced in December 2004. Out of 230 participating companies, only 40 were selected. They will be hired by OAO Gazprom and its subsidiaries to deliver valuation.

Investment Financial Company METROPOL was also selected. In November 2004 IFC METROPOL provided financial consultancy to OAO Gazprom in the deal to acquire OOO Purgazdobycha owing a license to develop the Zapadno-Tarkosalinskoye field.

The procedure to select appraisers was coordinated with the BoD’s Committee on valuation and approved on October 12, 2004. The Committee is headed by the Russian minister of economic development and trade, German Gref.