Rosneft: Board of Directors Meeting Results

Rosneft Board of Directors met on February 11, 2013 and took the following decisions:

  • on execution by the Company of transactions to arrange financing from a group of international banks for the total amount of $14.2 billion to acquire 50% of TNK-BP Ltd. shares from Alfa-Access-Renova (AAR) Consortium;
  • on expanding cooperation with ExxonMobil;
  • on removing Gani Gilayev from the Management Board and appointing two new members of the Management Board – Vice-President Yuri Kalinin and acting Vice-President Andrey Votinov.


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