FORM 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer ~~June~~July 3004, 2006

Pursuant to Rule 13a-16 or 15d-16 of
The Securities and Exchange Act of 1934

OAO TATNEFT
(also known as TATNEFT)

(name of Registrant)

75 Lenin Street
Almetyevsk, Tatarstan 423450
Russian Federation

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40F.

Form 20-F...X.... Form 40-F......

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes....... No... X....

~~June~~July 3004, 2006

On June 30, 2006OAO Tatneft issued the following press-release:

On           Annual JuneShareholders 30,Meeting 2006,of theOAO BoardTatneft offor Directors2005

Annual shareholders meeting of OAO Tatneft (the "Company")  passed for 2005 was held on June 30,
inter alia2006, in Almetyevsk, Tatarstan.

Shareholders elected a new Board of Directors of the Company.  The following resolutionsdirectors were elected:

To                     Rustam approveNurgalievich Minnikhanov*  delisting  Prime Minister of  ordinary  shares  and  American  depositary  receipts the Republic of Tatarstan
("ADRs",                    Shafagat andFahrazovich togetherTakhautdinov  General withDirector theof ordinaryOAO shares,Tatneft
                          Radik theRaufovich "Securities")Gaizatullin  Finance Minister of the CompanyRepublic of Tatarstan
from                                       Sushovan theGhosh  Managing NewDirector Yorkof Stock  ExchangeSGI (theGroup "NYSE")Ltd.
                       Nail inGabdulbarievich accordanceIbragimov  withFirst theDeputy timetableGeneral Director of Production of OAO Tatneft,
announced  by                                                       Chief theEngineer
                            Rais Salikhovich Khisamov  Company  on  June  26Deputy General Director of OAO Tatneft,  2006,  and  authorize  the  executive Chief Geologist
management                      Vladimir Pavlovich Lavushchenko  (Sh.Deputy F.General Director of Economics of OAO Tatneft
                              Nail Ulfatovich Maganov  Takhautdinov)  toFirst signDeputy onGeneral behalfDirector of theOAO CompanyTatneft, Head of Oil and
                                                       Refined toProducts fileSales Department
documents                          Renat Halliulovich Muslimov  required  forState Counsel to the  delisting  with President of the U.S.  Securities  andRepublic Exchangeof Tatarstan
Commission                             Renat (theKasimovich "SEC")Sabirov  Head of Oil, Gas and theChemical NYSE;Complex Department of the

To                                                       Government approveof the filingRepublic of post-effectiveTatarstan
                             Valery Yurievich Sorokin  amendmentGeneral toDirector of Svyazinvestneftekhim
                           Mirgazian Zakievich Taziev  Head of the RegistrationAlmetievneft Statement
onNGDU Formof F-6OAO inTatneft
                            Valery connectionPavlovich Vasiliev  withMinister theof terminationLand ofand registrationProperty Relations of allthe ADRsRepublic thatof
have                                                       Tatarstan
                      Maria beenLeonidovna Voskresenskaya  registered  butDirector notof yetBrentcross Ltd.
                                David William Waygood  issuedDirector byof Waygood Limited

Shareholders also elected the  depositary  with following members of the SEC.  ToRevision Committee of the Company:
require
                         Marat Mikhailovich Afanasiev  members  Head of Department at the  Board Ministry of  Directors  to sign  Finance of the said  post-effectiveRepublic
amendment                                                       of toTatarstan, appointed as a representative of the RegistrationGovernment
                                                       of Statementthe onRepublic Formof F-6,Tatartsan
                       Ferdinand andRenatovich authorizeGaliullin  Chief Accountant of the executiveDzhalilneft NGDU of OAO Tatneft
management                          Venera (Sh.Gibadullovna F.Kuzmina  Takhautdinov)Economist toof signnormative onresearch behalfstation of theOAO CompanyTatneft
                                Nikolai Kuzmich Lapin  Head of Control and fileAudit withDepartment of OAO Tatneft
the                         Marsel SECMasgutovich Muradymov  Chief Accountant of the saidYamashneft amendmentNGDU toof OAO Tatneft
                          Peter Nikolaevich Paramonov  Chief Accountant of the RegistrationIrkenneft StatementNGDU onof FormOAO F-6;Tatneft

To                       Lilya approveRafaelovna Rakhimzyanova  Head of the proposedOil amendmentsProduction toSection with the depositMinistry agreementof
                                                       Economy withand Industry of the BankRepublic of NewTatarstan
York                           Àlfiya Àzgarovna Sinegaeva  Deputy Head for Economics of Almetyevsk Department for Oil
                                                       Enhanced Recovery and enteringCapital intoRepair anof additionalOil depositWells agreementof withOAO
                                                       Tatneft
                          Tamara Milchailovna Vilkova  Deputy Chief Accountant of OAO Tatneft, Deputy Head of the
                                                       Accounting BankDepartment of NewOAO YorkTatneft
with
Upon respectconsideration toof the establishmentresults of new2005, depositshareholders facilityapproved pursuantthe tofollowing Ruledividends 144A,in cash for 2005:
and
preferred authorizeshares: 100% of the executive  managementnominal (Sh.value, Fi.  Takhautdinov)  toe., negotiateone Ruble per share;
common shares: 100% of the nominal value, i.e., one Ruble per share (which is 10% higher than last year).
said
The amendmentsdividends asshall wellbe aspaid thefrom newJuly additional1 depositthrough agreementDecember 31,  and execute2006.

Shareholders approved Energy Consulting/Audit as an
agreement onauditor amendments  toof the deposit  agreement  andCompany for the  additional  deposit
agreement; and

Tostatutory authorizeaudit thefor executive2006 managementunder (Sh.Russian Faccounting
standards.

After Takhautdinov)the toshareholders signmeeting, onthe behalfBoard of
 Director of the Company andheld toits filefirst anmeeting application  for  terminationon ofwhich Rustam Minnikhanov, the  registration ofPrime
the  Securities  withMinister of the SEC,Republic whenof itTatarstan, becomes  possible  pursuantwas toelected applicable
U.S.as securitiesthe lawsChairman andof regulations.the Board


Forward-looking    statements:   This  This announcement   contains   may contain certain
 forward-looking   statements   of OAO   Tatneft.  OAO Tatneft candoes give no assurancenot
thatguarantee anyoccurrence of theany events   mentioned in such   statements  will occur,  oras well as term of their occurrence.




















_                                                                       
*        Appointed to the
precise timingBoard of theirDirectors occurrencepursuant to the exercise of the Golden Share rights of the Tatarstan Government.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

               OAO TATNEFT

                                                    By: ____________________________________________________

     Name:(Vladimir P. Lavushchenko)
                                                                              Title: (Deputy General Director for Economics, Chairman of Disclosure Committee)

Date: ~~June~~July 3004, 2006

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