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Rosneft and Ingushetia Extend Cooperation

27 September 2013

Rosneft President and Chairman of the Management Board Igor Sechin and Head of the Republic of Ingushetia Yunus-Bek Evkurov have signed a Supplement Agreement to the Cooperation Agreement between the Republic of Ingushetia and OJSC Oil Company Rosneft for 2011-2015 signed in 2011. The new document specifies Company’s participation in social and economic projects implemented in Ingushetia in 2013. In particular, Rosneft is ready to help the Government of the Republic construct nine social objects, including a roofed ice arena in Magas, a youth culture and leisure center in Nazran, a 240-seat preschool institution and a 540-seat general education school.

Commenting on the signing, Igor Sechin emphasized that the Company had been taking part in the social and economic development of Ingushetia for four years, since the moment when it had started working here. The successful performance of a Rosneft’s daughter company, LLC RN-Ingushnefteprodukt, allows sustainable tax contributions to the republican budget and helps Ingushetia’s authorities implement important social programs.

Rosneft Information Division
Tel.: +7 (499) 517 88 97 
September 27, 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.