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Rosneft and KAMAZ Plan to Expand Use of Gas as Motor Fuel

14 May 2013

OJSC Rosneft and OJSC KAMAZ signed an agreement on scientific and technological cooperation to expand use of natural gas as motor fuel.

The largest oil and gas company and a leading Russian truck manufacturer intend to conduct joint research and development in order to build wheeled vehicles with gas-powered engines and develop necessary infrastructure of filling stations and service centers. Besides, they plan to produce and put vehicles, special and farm machinery to compressed natural gas and liquefied natural gas, which will be used as a new motor fuel.

The agreement provides for training and professional development of engineer and technical staff, mechanics and drivers in operation, maintenance and repairs of gas-powered vehicles and machinery.

The parties will create a steering group to develop coordinated approaches to implementation of top priority pilot and prospective projects.

This agreement will allow the parties to make a considerable contribution to develop the market for this eco-friendly fuel.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
May 14, 2013

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.