Igor Sechin, President and Chairman of the Management Board, Rosneft, and Sergei Sobyanin, Mayor of Moscow, signed an Agreement on Cooperation in Industrial Production, Finance, Economics, Investment Activity and Social Development.

The document provides the definition of the bases of cooperation between Rosneft and the Government of Moscow to facilitate comprehensive development of the city, creation of favorable economic, legal and organizational conditions for the business activity of Rosneft in the territory of Moscow and other matters aimed at achieving the balance of mutual interests.

In particular, the Agreement provides for implementation by Rosneft of investment projects in the territory of Moscow using the innovative technology aimed at mitigating adverse environmental impacts and/or efficient use of natural resources. In addition to that, it is planned in the framework of the Agreement to satisfy the demand of the Moscow economy for petroleum products and effect cooperation between the Government of Moscow and Rosneft in urban construction and development of the Moscow sports infrastructure.