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Rosneft Concludes Cooperation Agreement with Russian Far East Development Ministry

30 November 2012

Rosneft has signed a cooperation agreement with the Ministry for the Development of the Russian Far East. The agreement was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Viktor Ishayev, Presidential Plenipotentiary Envoy to the Far East Federal District and Minister for Development of the Far East. The aim of the agreement is to develop infrastructure in the Far East Federal District of Russia, tackle economic and social challenges in the region and improve the investment climate.

The parties highlighted cooperation in the geological survey, exploration and production of oil and gas as a priority, given the regional economy’s focus on natural resources and the importance for socio-economic development of the Far East’s resource potential. Rosneft will work with the Ministry to increase oil and gas production and replace mineral resources base by introducing the latest innovations and foremost technologies for the geological survey, oil and gas production and refining.

The partnership programme places a special emphasis on improving energy efficiency, protecting the environment and making rational use of the Far East’s natural resources. One of the aims of the partnership is to boost investment and encourage innovations in the Far East of Russia.

Rosneft has considerable production and investment operations in the Far East and this agreement will allow the Company to make a considerable contribution to developing the regional economy and supporting the implementation of an effective social policy in the Far East.

November 30, 2012

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.