On September 3, Rosneft President and Chairman of the Management Board Igor Sechin held a working meeting with Pirelli Chairman and Managing Director Marco Tronchetti Provera.

As part of the meeting the parties discussed the protocol of understanding signed in April 2013 and the progress of its performance. According to the protocol of understanding, the first Pirelli’s flagship store branded “PZero Platinum” will be opened in Q4 2013 within Rosneft’s flagship filling station in Sochi, Krasnodar Region. The construction is now underway and expected to be completed by the end of Q3 2013.

The companies continue to work on the plan to open other Pirelli retail outlets at Rosneft’s chain of filling stations. As part of these efforts, the parties made up a preliminary list of prospective facilities that should accommodate tyre centers, which as expected will be located in 9 Russian regions: Moscow city, Moscow region, St Petersburg, Saratov, Rostov region, Krasnodar Territory, Volgograd, Samara and Voronezh.

The parties also consider implementation of their joint marketing program “Safe Road with Rosneft and Pirelli”, which will help Russian car owners take necessary and timely measures to keep their motor tyres in safety. During the program, Rosneft clients will be able to take a mini check-up of their tyres, receive a check-up report, recommendations and a discount for new Pirelli tyres at Rosneft’s selected filling stations. The program implementation is scheduled for October 2013 (Moscow). At this time, the partners conduct preliminaries.

During the working meeting, the parties also discussed far-reaching possibilities for cooperation and business development. They have agreed that Pirelli’s delegation will visit Nairit plant in Yerevan (Armenia) in autumn 2013 to analyze investment opportunities, evaluate and determine possible opportunities for cooperation.