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Rosneft and Oranto Petroleum Look Into Potential Cooperation in Africa

25 May 2018

At the XXII St. Petersburg International Economic Forum, Rosneft and Oranto Petroleum Limited (Nigeria) signed a memorandum of understanding on potential cooperation in the implementation of oil and gas projects in Africa. 

The Memorandum secures the intention of the Parties to study the existing Oranto portfolio, acquisition of new assets, implementation of projects in refining, commerce and logistics and monetization of gas on the African continent.

Oranto Petroleum jointly with Atlas Petroleum International make up Africa's largest private group dealing with exploration and production of hydrocarbons. The company’s headquarter is located in Lagos, the capital of Nigeria. Company's portfolio includes 20 Licenses in 10 countries of the continent, including Senegal, Ghana, Nigeria, South Sudan and others. 

Information Policy Division
Rosneft Oil Company
Tel.: + 7 (499) 517-88-972
25 May 2018

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.