Second Annual

Russian Energy Summit

A New Era for Investment

Friday 8th December 2000

The President Hotel, Moscow

Welcome Reception and Dinner

Thursday 7^th December

Club Monolith

This unique summit, officially endorsed by the Russian Ministry of Energy, is established as the annual meeting point for leading policymakers, investors and oil and gas executives.

A series of keynote presentations will provide exclusive details on:

Ø     The economic reform programme and key areas of profitable growth

Ø     Restructuring and consolidation and the Russian energy sector

Ø     Government policies and initiatives to improve the investment climate

Ø     Very latest developments in the legislative and fiscal environment

Speakers include:

Alexander Gavrin, Minister of Energy, Russian Federation

Herman Gref, Minister of Economic Development and Trade, Russian Federation

Victor Chernomyrdin, Energy Group Leader, State Duma

Jan Kalicki, Counselor to the US Department of Commerce

Victor Kaluzhny, Special Presidential Representative for Energy Matters in the Caspian

Vagit Alekperov, President, LUKoil

Piotr Rodionov, Deputy Chairman, Gazprom and Co President, MIPC

Semyon Vainstock, President, Transneft

Peter Robertson, President, Chevron Overseas Petroleum

Rein Tamboezer, President, Shell Exploration and Production BV (RF)

Charles R Frank Jr, First Vice President, EBRD

Thursday 7^th December 2000

1900                            Welcome Reception and Dinner at Club Monolith

Friday 8^th December 2000

0800                            Registration and coffee

0900                            Opening Ceremony

Introductory remarks:              Dr Togrul Bagirov, Executive Vice-President, MIPC

Welcoming Address:               Mikhail Kasyanov, Prime Minister, RF

or

Victor Khristenko, Deputy Prime Minister, RF

Ministerial Session

Review of the investment climate under President Putin: impact of the latest political developments on Russia’s energy sector.  The economic reform programme and prospects for international co-operation.  Restructuring and consolidation in the oil and gas sector.

·       Alexander Gavrin, Minister of Energy, Russian Federation

·       Herman Gref, Minister of Economic Development and Trade, Russian Federation

·       Jan Kalicki, Counselor to the US Department of Commerce, and US Ombudsman for Energy and Commercial Relations with the NIS

·       Victor Chernomyrdin, Energy Group Leader, State Duma

·       Ambassador John S Wolf, Special Adviser to the President & Secretary of State for Caspian Basin Energy Diplomacy, Washington DC*

·       Victor Kaluzhny, RF Special Presidential Representative for Energy Matters in the Caspian

·       Senior Executives of Russian Oil and Gas Companies

·       Peter Robertson, President, Chevron Overseas Petroleum

·       Rein Tamboezer, President, Shell Services (RF) BV

1040                            Coffee break

1100                            Round Table Discussions

These will be highly interactive and will provide the opportunity for open debate.  Delegates are encouraged to join the discussion groups which will be led by leading company executives.

Round Table on Oil, chaired by Vagit Alekperov, President, LUKoil

Round Table on Gas, chaired by Piotr Rodionov, Deputy Chairman, Gazprom and Co President, MIPC

Round Table on Pipelines, chaired by Semyon Vainstock, President, Transneft

1300                Lunch  (the round table discussions will continue over lunch)

1500                           Plenary Session – Financing Russia’s Oil and Gas Projects

Government policies and initiatives to create a competitive investment climate – review of the legislative framework.  Availability of funding and outlook for future investments.  Strategies for attracting energy industry capital.

This session will be dedicated to investment issues with bankers, governors and chairmen of respective State Duma committees given the floor.

Speakers Include:        Victor Geraschenko, Chairman, Central Bank

                                    Igor Farhutdinov, Governor, Sakhalin Region

                                    Vladimir Medvedev, Deputy Leader, The Energy Group, State Duma

Sergei Leontiev, Chairman, Probisnesbank

Igor Makarov, President, ITERA Group

                                    Charles R Frank Jr, First Vice President, EBRD

1630                            Coffee break

1700                            Summing-up and Press Conference

1800                            Cocktail Reception

* awaiting final confirmation

Guests of Honour:

Victor Geraschenko, Chairman, Central Bank

Mintimer Shaimiev, President of Tatarstan/Farid Muhametshin, Chairman, State Council, Tatarstan

Igor Farhutdinov, Governor, Sakhalin Region

Dmitri Medvedev, First Deputy Chief Presidential Administration and Chairman of the Board, Gazprom

Mikhail Fradkov, First Deputy Secretary, National Security Council

Boris Gryzlov, “Unity” Faction Leader, State Duma

Boris Nemtsov, Leader of the Union of Right Forces Faction

Vladimir Katrenko, Chairman, Committee on Energy, Transport, Communications

Sergei Generalov, Chairman, Committee for Defending Investors’ Rights

Svetlana Gvozdeva, Deputy Chair, Committee on Economic Policy and Entrepreneurship

Yuli Vorontsov, Ambassador of Russia, & President, American Business Council