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Rosneft and Volkswagen Group Rus Sign Agreement to Boost Gas Engine Fuel Market

14 May 2013

Rosneft President Igor Sechin and General Director of LLC Volkswagen Group Rus Markus Osegowitsch signed an agreement aimed at the development of the compressed natural gas (CNG) market in Russia, as well as the CNG-powered vehicles market.

The agreement envisages the development of CNG filling infrastructure, equipment of Rosneft filling stations with facilities to provide CNG sales, as well as bringing to the market CNG-powered vehicles of Volkswagen, Audi, ŠKODA and VW Commercial Vehicles.

The parties also intend to develop service infrastructure for CNG-powered vehicles, supply special equipment to service stations and train personnel.

Both companies are partners of the 2014 XXII Olympic and XI Paralympic Winter Games in Sochi and attach special importance to promoting CNG as economic and environmentally 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.