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Rosneft and SOCAR Sign Cooperation Agreement

13 August 2013

On August 13, 2013 Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President of the Russian Federation, and Ilham Aliyev, President of the Republic of Azerbaijan.

Rosneft and SOCAR will form a joint venture on parity basis to cooperate in certain upstream oil and gas projects in various countries, including Russia and Azerbaijan. The companies also agreed to cooperate in marketing and trading operations for hydrocarbons and petroleum products as well as jointly operate certain infrastructure facilities, such as pipelines and terminals.

Rosneft President Igor Sechin and SOCAR President Rovnag Abdullayev praised the signed document as a new significant step towards broadening full-fledged energy cooperation between Russia and Azerbaijan. The Agreement will enable the companies to broaden geographical reach, get access to new markets and resources and optimize crude oil and petroleum product supplies through the use of existing infrastructure.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
August 13, 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.