The General Meeting of Shareholders of Severneftegazprom is the company’s highest management body. It conducts its work in accordance with the laws of Russian Federation, the Shareholders Agreement, the Charter of the Company and the Policy on the General Meeting of Shareholders of Severneftegazprom.

The competence of the General Meeting of Shareholders, among other things, includes: election of the Board of Directors, Audit Commission, approval of the Company's auditor, annual reports and annual financial statements of the Company.

The Company annually holds the General Meeting of Shareholders in accordance with the requirements of the legislation of the Russian Federation, as well as extraordinary General Meetings to make decisions on matters within its competence.