Rosneft and Total have closed the sale and purchase transaction concerning the 66.67% share in AET-Raffineriebeteiligungsgesellschaft mbH, representing a 16.67% effective share in PCK Raffinerie GmbH (Germany).

The deal represents a natural element of Rosneft strategy aimed at strengthening its presence in the key European market, one step further along the added value chain. Together with the ongoing reorganization of Ruhr Oel GmbH, the acquisition of 16.67% effective share in PCK Raffinerie GmbH will allow Rosneft to reinforce its position in the Berlin/Brandenburg area, creating additional synergies for the Company, thanks to direct crude oil supplies via the Druzhba pipeline.

Notes:

The transaction was closed in continuation of the Sales and Purchase agreement signed by Rosneft and Total in June at the Saint-Petersburg Economic Forum.

PCK Raffinerie GmbH refinery is located in the city of Schwedt/Oder in Brandenburg, Germany. Primary distillation capacity is 11.5 mln/t. Nelson Complexity index – 9.2. Other shareholders include 37.5% ROG, 37.5% Shell, 8.33% Eni.

In 2014 the overall Rosneft crude oil supplies to Germany accounted to ~20.3 mln tones, which is almost a quarter of all crude oil import of Germany.

In May 2011 Rosneft acquired a 50% share in Ruhr Oel GmbH (ROG) in Germany. ROG holds a share in 4 refineries in Germany (Gelsenkirchen – 100%, Bayernoil – 25%; MiRO – 24%; PCK– 37.5%). The joint venture also holds stakes in 5 pipeline and sea crude oil terminals in the North, Baltic, Mediterranean and Adriatic Seas. Rosneft partner in the JV on a parity basis is BP Europa SE. ROG is the leader of German market in terms of crude oil refining volumes – 21 mln tones in 2014.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 100,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest public oil and gas
company by liquid hydrocarbon production and reserves. The Company’s core operations are in hydrocarbon exploration and appraisal, production of oil, gas and gas condensate, offshore developments, refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.

Rosneft’s exploration and production geography spans across all key oil and gas provinces in Russia, namely Western Siberia, Southern and Central Russia, Timano-Pechora, Eastern Siberia and the Far East. The Company also implements projects in Kazakhstan, Algeria, Venezuela, Brazil, Vietnam, the UAE, Canada, and in the Gulf of Mexico. Offshore projects, including in the Arctic, take a special place in Rosneft’s portfolio. Rosneft has joined forces with ExxonMobil, Eni and Statoil to develop Russia’s offshore resources.