Killajoules

Rosneft and Pertamina set up a Joint Venture for the development of Tuban Grass Root Refinery (TGRR) project
Rosneft and Indonesian state-owned oil and gas company Pertamina completed the establishment of the joint venture for the development of Tuban grass root refinery and petrochemical complex (TGRR) in Tuban in the East Java province of Indonesia.

Rosneft agreed to sell 8.99% interest in Saras S.p.A.
Rosneft JV Projects S.A. (Luxembourg), an indirect subsidiary of Rosneft Oil Company, has agreed to sell to institutional investors 85,481,816 ordinary shares in Saras S.p.A., representing approximately 8.99% of the total share capital in Saras S.p.A., at a price of EUR 1.90 per share, through an accelerated bookbuilt offering (the Offering). The share sale was closed at a premium of over 38% to the initial purchase price and is an example of efficient portfolio management and optimization program of Rosneft.

Rosneft Closes the Deal with PetroRio and Becomes the Holder of 100% of the Solimoes Project
Rosneft Brasil (100% owned Rosneft subsidiary) and Petro Rio S.A. (PetroRio) announce the closing of the Rosneft Brasil transaction to acquire PetroRio’s 55% in the Solimões project. Closing follows formal approval of the transaction by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil).

Rosneft Drills a Record-breaking Well in Venezuela
Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique for the shallow depth, only 1,140 feet or about 347 meters, of the reservoir interval and the length of horizontal section 4,920 feet or 1,500 meters. The total length of the well is 6,059 feet (some 1,847 meters).

Rosneft agreed on sale of 15% in Vankorneft to ONGC Videsh
Rosneft and Indian ONGC Videsh Limited during the Eastern Economic Forum signed the agreement of sale and purchase of 15% in Vankorneft and shareholders agreement in regard of the enterprise management. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and Managing Director of ONGC Videsh Limited Narendra Verma.

First production Well Successfully Built at the East-Messoyakha Field
Rosneft and Gazprom Neft have completed early the project to build the first production well at the East-Messoyakha deposit, which is part of the Messoyakha cluster, the northernmost of the known Russian onshore oil fields. The project is part of the joint drilling program implemented by the two companies.

Rosneft Becomes the Holder of 100% of the Solimoes Project
Rosneft Brasil (100% owned Rosneft subsidiary) and PetroRio (the new brand of HRT Participações em Petróleo S.A.) announce the signing of the Rosneft Brasil transaction to acquire PetroRio’s 55% in the Solimões project. Closing will follow formal approval of the transaction by ANP (Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – Brazil) which is anticipated in mid 2015. The transaction completes agreements reached between Rosneft Brasil and HRT in 2014 in July 2014.

Syzran Refinery Completes the Transition to Euro 5 Diesel
Syzran Refinery, a Rosneft subsidiary, has switched completely to Euro 5 diesel fuel as part of its large-scale investment program to upgrade operations.

Rosneft Samara-based Refineries Crossed Over to Euro 5 Standard Gas Production
Rosneft’s oil refineries in Samara Region – the Kyubyshevsky, Novokyubyshevsky and Syzransky facilities – have completed their upgrading to produce Euro 5 gasoline products that comply with the technical guidelines of the Customs Union.

Catreforming and Isomerization units commissioned at Novokuibyshevsk Refinery
Novokuibyshevsk Refinery, a Rosneft subsidiary, commissioned two key facilities - the continuous catreforming (CCR) and the low-temperature isomerization complex as part of the large-scale investment modernization program.