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Rosneft New Leader on the Far East Bunker Market

12 December 2011

OJSC Rosneft and Sakhalin Energy have signed a long-term agreement under which Rosneft will supply bunker fuel through its terminal at the Russian port of Nakhodka to the operator of the Sakhalin-2 project. Before the Rosneft agreement was signed, Sakhalin Energy's oil tankers and LNG carriers could only use bunkering at ports in Korea, Singapore and Hong Kong. The Sakhalin Island was the first tanker to use bunkering as part of the agreement.

The signing of this contract with one of the largest clients in the Russian Far East is an important step towards further expanding Rosneft's bunkering business. It has also created an international bunker hub at the Russian port of Nakhodka.

Notes for editors:

The capacity of Rosneft's terminal at Nakhodka (RN-Nakhodkanefteprodukt LLC) is approximately 7 million tons of oil products a year. In the first 11 months of 2011, the Company supplied 6,068,000 tons of oil products for export and the domestic market through the Nakhodka terminal (including bunkering for export and the domestic market).

Sakhalin Energy operates the Sakhalin-2 project. The Company develops the Piltun-Astokhskoye oil and Lunskoye gas deposits in the Sea of Okhotsk off Sakhalin Island.

Rosneft Information Division,
December 12, 2011