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On December 2, 2013 Igor Sechin, Rosneft President and Chairman of the Management Board, and Arthur Alaverdyan, President of Oil Techno, signed a Shareholder Agreement as part of the plan to set up a joint venture. The JV’s primary objective will be to provide Armenia with stable supplies of high quality petroleum products through wholesale and retail operations within the territory of the country as well as through the development of corresponding infrastructure for storage and distribution of petroleum products in Armenia.
The agreement signed in the presence of Russian President Vladimir Putin and his Armenian counterpart Serzh Sargsyan is a step forward in implementation of the cooperation agreement seeking to set up a joint venture in marketing and distribution, which was signed between the parties on April 4, 2013.
Rosneft Information Division
Tel.: +7 (499) 517 88 97
www.rosneft.com
December 2, 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.
Keywords: Advance, Armenia, Cooperation, Igor Sechin, Oil Techno, ROSNEFT - ENI