Following the efforts made in May-September 2018 Rosneft confirms its target to reduce the working capital by the end of the year announced in May 2018. More specifically, since then the Company has optimized its trading activities through the main marketing channels for crude oil and petroleum products, held talks with the major suppliers and contractors on improving the terms of payment and raising the efficiency of cooperation considering current environment of contract services market.

In accordance with the results obtained, Rosneft confirms working capital reduction targets of more than Rub 200 bn for 2018.

Rosneft Information Division
September 24, 2018

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