Rosneft in the news

Rosneft has obtained licenses for geological survey, exploration and production of oil and gas at three blocks of federal significance on the Barents Sea shelf. The blocks are Tsentralno-Barentsevsky, Fedynsky and Perseevsky. Estimated total resources at the blocks stand at 3.3 billion tonnes of crude oil and gas condensate and up to 2,800 bcm of gas.

Rosneft has been named the winner of two World Finance 2011 Investor Relations Awards for Best Annual Report and Best Financial Disclosure. The jury for the awards, which are run by World Finance, an authoritative international publication, is composed of business leaders from the world's largest consulting and auditing firms, as well as the heads of Fortune 500 investor relations departments.

By order of the government of the Russian Federation Oil Company Rosneft has been granted five blocks on the Sea of Okhotsk shelf for geological surveying, exploration and development. The five blocks are Magadan-1, 2 and 3, Lisyansky and Kashevarovsky. According to Rosneft estimates, total recoverable resources at these deposits stand at over 1.1 billion tonnes of liquid hydrocarbons and 2 trillion cubic metres of gas, including 850 million tonnes of oil and 1.789 trillion cubic metres of gas at the Magadan-1, 2 and 3 blocks.

OJSC Rosneft and Sakhalin Energy have signed a long-term agreement under which Rosneft will supply bunker fuel through its terminal at the Russian port of Nakhodka to the operator of the Sakhalin-2 project. Before the Rosneft agreement was signed, Sakhalin Energy's oil tankers and LNG carriers could only use bunkering at ports in Korea, Singapore and Hong Kong. The Sakhalin Island was the first tanker to use bunkering as part of the agreement.