Arkhangelsk and Belokamenka

The Arkhangelsk oil loading terminal and Belokamenka floating storage unit, located in the Russian North West, is used to export a portion of the oil which the Company produces in Timan-Pechora. Oil from Severnaya Neft’s fields is transported through Transneft pipelines to the Privodino loading facility, where it is transferred to rail tank cars, carried to the Arkhangelsk oil loading terminal and then shipped by shuttle tankers to the Belokamenka floating storage unit located in a gulf of the ice-free Kola Bay. The oil is exported from the reservoirs at Belokamenka to Europe and the US. This arrangement enables the Company to overcome shortages of available pipeline capacity in the North West of Russia.

Annual oil transshipment capacity at Belokamenka is 88 mln barrels (12 mln tonnes). Rosneft exported 0.3 mln tonnes (2.1 mln barrels) of its own oil through the Arkhangelsk - Belokamenka system during 2010. The system was also used for transshipment of 7.2 mln tonnes (52.7 mln barrels) of third-party crude oil.

Exports of Rosneft’s crude oil via the Arkhangelsk-Belokamenka system