Rosneft and Transneft Sign Agreements on Oil and Petroleum Products Shipment for Next Year

Igor Sechin, President and Chairman of the Management Board of Rosneft and Nikolai Tokarev, President and Chairman of the Management Board at Transneft met today to sign the Agreements on the transportation of oil and petroleum products in 2014. The agreements set forth key requirements and technical terms of oil and petroleum products transit via the Transneft network.

As part of the meeting the parties also agreed to set up a permanent working group on export supplies coordination and technological cooperation. The group will include representatives of both companies’ commercial departments, as well as production and construction specialists and lawyers.

The regulation on the working group is expected to be devised and approved in the near future, so that the management of the two companies could rate the results of its work.

Rosneft Information Division
tel.: +7 (499) 517 88 97
20 December 2013

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