Gazpromneft-Lubricants and Rostselmash sign strategic cooperation agreement

19 September 2014

Gazpromneft-Lubricants and Russian agricultural equipment manufacturer Rostselmash have used this year’s “Sochi 2014” investment forum tosign anagreement onstrategic cooperation. The Gazprom Neft lubricants and engine oils subsidiary will become the sole supplier oflubricants for the initial servicing ofequipment manufactured atRostselmash, aswell asits subsequent maintenance and tuning.

Gazpromneft-Lubricants will develop, produce and deliver specialist engine, transmission, and hydraulic fluids, aswell aslubricants, coolants and other products, toproduction lines atRostselmash factories aswell asRostselmash service centres. The agreement also provides for the testing and operational monitoring oflubricants and oils, for the training ofRostselmash employees, and joint marketing initiatives.

Lubricants for agricultural machinery are produced under the joint Rostselmash G-Profi brand, whose key advantages include greater stability under exposure tohigh temperatures, and superior cleaning properties. Oils ofthis kind need replacing less frequently than products intended for trucks and heavy goods vehicles (HGVs).

Gazpromneft-Lubricants CEO Alexander Trukhan commented: “The agreement with Rostselmashis, forus, the next step inthe fulfilment ofthe company’s long-term strategy, which envisages increasing sales volumes oflubricants to633,000 tonnes by2025. Tothat end, the company isextending its research and development activities with the aim ofintroducing unique products allowingus tofurther extend our presence innew market niches.”

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About Gazpromneft-Lubricants

Gazpromneft-Lubricants Ltd (“Gazpromneft-Lubricants”) isasubsidiary ofGazprom Neft, specialising inthe production and sale ofoils, lubricants and engine fluids. Established in2007, Gazpromneft-Lubricants Ltd has five production facilities throughout Russia, Italy and Serbia. Total production volumes stand atmore than 490,000 tonnes ofpremium oils, lubricants and engine fluids per year. The company’s product range includes oils for petrol and diesel passenger vehicles and trucks, transmission and hydraulic oils, industrial (machine) oils, servicing products and refrigerating fluids under the G-Energy and Gazpromneft brands, and marine oils marketed under the Texaco brand. Gazpromneft-Lubricants Ltd currently commands a14-percent share ofthe Russian lubricants market, aswell asoperating inthe markets ofBelarus, the Central Asian republics, the European Union, Kazakhstan, the Middle East and Ukraine.

Rostselmash isone ofthe five largest producers ofagricultural equipment inthe world. The company’s production facilities inCanada, Kazakhstan, Russia and the United States produce more than 24different types ofagricultural machinery, with aproduct range covering more than 150 different models and specifications, including the TORUM, ACROS, VECTOR, and NIVA combine harvesters, the DON 680M and RSM 1401 forage harvesters, VERSATILE self-propelled mowers, tractors and crop-sprayers, aswell astillage, forage and other equipment. The sale and servicing ofagricultural equipment isconducted through the branches ofthe company’s dealership network, comprising 500 dealership centres and their affiliates throughout 26countries worldwide.

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