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Rosneft to expand retail network

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Hydrocarbon Engineering,

Rosneft, Russian Highways and the Government of Tver region have signed a cooperation agreement providing for joint development of multi-functional roadside servicing zones (MFZ) on the M-11 highway (Moscow – St. Petersburg). The agreement was signed by the Chairman of the Rosneft Management Board, Igor Sechin, the Chairman of the Russian Highways Board, Sergei Kelbakh, and Acting Governor of the Tver region, Igor Rudenya.

The agreement stipulates that Rosneft and Avtodor plan to build and operate at least four retail sites as part of the Tver MFZ network. The commissioning of petrol stations will be synchronised with the construction of the highway. According to the sgreement, the Tver Government will provide necessary support to the project implementation, in accordance with the established statutory procedure.

This project will enable Rosneft to expand its network coverage and supply quality petroleum products to consumers on one of the most important transport routes in Russia.

Commenting on the agreement, Igor Sechin said: "Implementation of the terms of the signed document will give a significant boost to development of highways in Russia. Let me note that Rosneft became the first Russian oil company to make such an agreement. We can see great prospects for the development of this project. Cooperation with Avtodor and the Government of the Tver Region will provide the motorists with the best fuel and services of the highest world standards."

Also, as part of the visit to the Tver region, Igor Sechin and Igor Rudenya signed a different cooperation agreement. The document is aimed at the development of investment activity in the Tver region, and the implementation of high tech, innovative, energy efficient and environmentally oriented technologies. Also, in accordance with the agreement, Rosneft and the Tver Government intend to cooperate in the area of import substitution of lubricants and special liquids at manufacturing plants and in commercial transport.

Adapted from press by Rosalie Starling

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