Rosneft and Rosatom signed a Cooperation Agreement at St Petersburg International Economic Forum. The document was signed in the presence of Russian President Vladimir Putin by Rosneft Management Board Chairman Igor Sechin and Rosatom General Director Sergey Kirienko.

The Cooperation Agreement envisages a joint implementation of strategic projects, development and introduction of import substitution hardware and technologies for the business lines of Rosneft and its subsidiaries.

The parties expressed interest in establishing cooperation in the following areas: exploration technologies and equipment; Arctic off-shore fields operation and support, including ice-breaker assistance by Atomflot vessels to ships and marine hardware during off-shore oil field operations; process control and measurement; energy efficiency; industrial safety and environmental protection.

Under the Cooperation Agreement Rosneft and Rosatom will develop and approve a Scientific Technical Cooperation Program. To carry out the program the parties plan to exchange information on current and future needs of Rosneft and its subsidiaries in Rosatom’s and its companies’ products and services, test equipment prototypes of products; employ Rosatom’s best companies’ scientific-technical and manufacturing capacity in the interest of research and development.

Commenting on the Agreement, Igor Sechin said: “Our cooperation with Rosatom is has strategic nature and is aimed at import substitution of certain technologies. Rosneft is ready to expand this cooperation.”

In his turn, Sergey Kirienko replied: “We are ready to offer Rosneft development and implementation of equipment and technologies that correspond to import analogs. Our production capacity and expertise allow us to do that. We are talking about geological exploration equipment, delivery of automation management systems, control systems, pumping equipment, and security control units.”

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
June 20, 2015

These materials contain statements about future events and expectations that are forward-looking. Any statement in these materials which is not information for prior accounting periods is an expectation and related to known and unknown risks, uncertainties or other factors, which can make the actual results, performance or achievements differ substantially from those anticipated and implied in these forward-looking statements directly or indirectly. We assume no obligation to update the data contained herein, to reflect actual results, changes in assumptions or factors affecting these statements.