Rosneft and Avtodor Signed an Agreement of Cooperation

Within the Petersburg International Economic Forum Rosneft CEO Igor Sechin and chairman of State Company “Russian Highways” Sergey Kelbakh signed an agreement on cooperation between companies.

The document in particular envisages that the parties will cooperate in the development of new solutions for road-side infrastructure, creation and implementation of high quality innovative materials in the sphere of construction, maintenance and reconditioning of roads. The agreement also indicated that Rosneft and "Russian Highways" will coordinate efforts during the preparation of proposals for improving the legal and regulatory framework in these areas.

After signing an agreement Igor Sechin said: "The implementation of this agreement opens up new horizons for several sectors of Rosneft’s activity. The additional push will be given to development of high technologies of refinery to create improved bitumen and polymer-bitumen binders, opened an additional distribution channel for the Company's quality products. The agreement will also allow Rosneft to provide Russian drivers with brand new retail offers at all sites of company’s roadside service. At the same time, cooperation with "Russian Highways" will have a positive impact on country’s economy - both in terms of development of the domestic R & D, and from the perspective of the overall improvement of the quality of roadways in Russia."

Sergei Kelbakh in his speech said: "The joint implementation of the Agreement will contribute to the development of the motorways network, enhancing their durability through the use of high quality bitumen binders, introduction of innovative materials and technologies that will reduce costs and financial losses. One of the key areas of agreement is the development of a network of high-quality roadside service as an essential component of the socio-economic potential of the country. Cooperation with Rosneft will set new standards of quality of services provided to all users of motorways , will create a favorable investment climate in the development of road infrastructure, improve safety on the roads, increase the level of comfort on the way."

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 23, 2014

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