Rosneft–2022 Strategy

On 20 December 2018, the Company’s Board of Directors reviewed the progress of Rosneft–2022 Strategy and noted the success in achieving its goals based on the results of 2018, separately confirming the relevance of the approved strategic objectives for the future. In particular, the progress was achieved in 2018 relative to all key strategic priorities: profitability increase, provision of high-quality project management, development of the corporate culture and business technological capabilities.

Moreover, in 2018, Rosneft’s Board of Directors approved measures for strengthening the Company’s position in the area of environmental and social responsibility (ESG) and established the Company’s public position as related to commitment to 17 UN Sustainable Development Goals.

Igor Sechin Chief Executive Officer of PJSC NK Rosneft

The Company is aimed at rational utilization of natural resources, production of modern and eco-friendly fuels, and environmental impact mitigation. As part of Rosneft-2022 Strategy, the Company implements initiatives that will allow entering the first quartile of international oil and gas companies with regard to health, safety and environment, as well to develop human resources and contribute to integrated social and economic development of the regions, fully meeting the UN Sustainable Development Goals.

Additions to the Strategy in 2018

The range of Strategy areas was additionally expanded in 2018 with regard to Russia’s priorities: