Rosneft’s EBITDA amounted to USD 5,283 million in Q3 2011, which is an increase of 13.9% year-on-year. An increase in the tax burden, particularly due to annulment of a reduced export duty for Vankor crude and the end of Vankor MET holidays, put downward pressure on the figure. The increase was also tempered by higher transportation and electricity tariffs year-on-year.
The Annual General Meeting of Shareholders of Rosneft was held on June 10, 2011 in Krasnodar. Holders of 97.39% of Rosneft shares registered to participate in the meeting. The meeting approved the Annual Report, the Accounting Statements and the distribution of net profit of Rosneft for 2010.
