January 29, 2013

A meeting of the board of directors of the National Oil Consortium was held in Caracas, Venezuela, on January 29. Representatives from consortium members Rosneft, Gazprom Neft, TNK-BP and Lukoil took part in the meeting. Igor Sechin, President and Chairman of the Management Board at Rosneft, was elected Chairman of the Board of Directors of the National Oil Consortium.

The consortium's shareholders voted for Rosneft to become operator (lead) on the project.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
www.rosneft.com
January 29, 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.

distributed by