Gazprom Neft and RUSNANO Group develop innovative technologies

20 October 2014, press release

Gazprom Neft CEO Alexander Dyukov and Anatoly Chubais, Chairman ofthe RUSNANO Group Fund for Infrastructure and Educational Programs, have signed anagreement ongeneral cooperation, with both parties agreeing towork together indeveloping and producing nanotechnologies and nanomaterials superior tothose currently available for import.

The aim ofthe agreement istosupport the search for innovative Russian technologies directed atimproving effectiveness infield development and exploitation, inoil refining, and inreducing environmental impacts.

The General Agreement determines the general principles ofcooperation for both parties, with specialists from Gazprom Neft and the Fund for Infrastructure and Educational Programmes working together under special research and development (RD) and expert groups.

Gazprom Neft CEO Alexander Dyukov commented: “The adoption ofinnovative technologies and materials isfundamental totoday’s companies retaining their competitive advantage. Work innew areas— including, for example, inthe Arctic, inthe opening upofunconventional and hard-to-recover oil reserves, inimproving refining depth, orinimproving fuel quality orenvironmental sustainability— these are the areas ofthe industry inwhich cutting-edge development isparticularly active. This, inturn, stimulates domestic enterprises tocome upwith cutting-edge high-technology products and tobemore proactive indevising production programmes toreplace similar imported products.”

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REFERENCE

The task ofthe non-profit Foundation for Infrastructure and Educational Programs istosupport the development ofall Russian nanotechnology enterprises, including those which are not apart ofthe RUSNANO portfolio.