Rosneft Chief executive officer Igor Sechin and Acting Head of the Komi Republic Sergey Gaplikov, have signed a cooperation agreement during the XX St. Petersburg International Economic Forum.

The document provides for interaction between the Parties in implementing social and economic programs in the Komi Republic as well as creation of economic, legal, and organizational environment for Company's business operations in the region.

Rosneft and the Komi Republic agreed to cooperate in the area of resource base development and rational use of natural resources, environmental protection, stimulation of investment, scientific and technical, and innovative activities, enhancement of social stability in the region.

Apart of that the document aims at developing cooperation between the Parties in the area of energy saving, energy efficiency, and modernization.

Under the Agreement the Company plans to arrange collaboration with Komi's educational establishments and universities to train, retrain, and develop personnel.

Notes for editors:

Rosneft's Subsidiary Severnaya Neft carries out oil and gas production, development and geological studies at license areas in the Komi Republic. Severnaya Neft's strategic objectives are to bring new reserves into development and increase the resource base.

Rosneft Information DivisionTel: + 7 (499) 517-88-97 16 June 2016

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.

Keywords: Petersburg International Economic Forum

OJSC Oil Company Rosneft published this content on 16 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 July 2016 09:10:07 UTC.

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