OJSC Oil Company Rosneft

06/03/2021 | Press release | Distributed by Public on 06/03/2021 07:12

Rosneft and United Machinery Group Agree On Special Machinery Supply for Vostok Oil

PJSC Rosneft and United Machinery Group Holding signed an agreement on the provision of special and road-building machinery for the Company's projects, including the implementation of the first stage of Vostok Oil, at the 24th St. Petersburg International Economic Forum.

The agreement includes the delivery of rough terrain trucks, oil trucks, dump trucks and other machinery produced at the URAL automobile factory. A delivery of road-building machinery (road graders, wheeled and caterpillar excavators) and snow and swamp-going vehicles is planned for the implementation of the Vostok Oil project.

The agreement also provides for additional opportunities to develop cooperation within the framework of further implementation of the Vostok Oil project.

In 2020 Rosneft began full-scale development of the fields in the Taymyr Peninsula. The implementation of the Vostok Oil project will make it possible to develop the region's unique resource potential. The project's competitive advantage lies in its proximity to the Northern Sea Route. Its use provides the opportunity to supply crude from the Vostok Oil fields in two directions at once - to European and Asian markets. The project implementation will ensure the fulfilment of goals for increasing the cargo flow of the Northern Sea Route set by the President of Russia.

Note for Editors:

The Vostok Oil project aims at creating dozens of thousands of job opportunities.

The implementation of the Vostok Oil project will give impetus to the development of related economic sectors, such as mechanical engineering, metallurgy, power industry, road construction, shipbuilding, and will have a significant multiplier effect on the national economy.

Rosneft Information Division
June 3, 2021

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.