Rosneft decided not to participate in the tender for Trebs and Titov fields

September 20, 2010

Rosneft’s management decided today not to participate in the tender for Trebs and Titov fields.

Commenting on the decision the President of Rosneft, Eduard Khudainatov, said: ‘We already have a very good set of highly promising projects in the Eastern Siberia, Russian offshore and other regions. To efficiently execute our plans we’ll need to work hard, including on negotiating the appropriate tax regime. As of now this is the best focus for our managerial and financial resources”.

Rosneft press release