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Press releases

Changes in Rosneft Management Board

22 March 2012

In connection with Rosneft First Vice President Pavel Fedorov's move to work as Deputy Minister in the Ministry of Energy of the Russian Federation, his responsibilities have been reassigned to members of the Rosneft management board.

Pavel Fedorov had worked at the Company since April 2010. He oversaw the financial and economic division, investment policy and the Company’s commercial block as a First Vice President.

Commenting on Pavel Fedorov’s appointment as Deputy Energy Minister, Rosneft President Eduard Khudaynatov said: “Rosneft hires the best professionals. Time has shown that we adopted the right personnel strategy. We're very pleased to see that Rosneft managers are highly valued and sought after, including in government. I am certain that Pavel Fedorov's experience will allow him to fulfil his new responsibilities successfully. We thank Pavel Fedorov for his work at Rosneft and his contribution to developing a number of strategically important areas of the Company's operations.”

Rosneft Information Division
Tel: +7 (495) 411 54 20
Fax: +7 (495) 411-54-21
March 22, 2012

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.