The Ministry of Economic Development of the Russian Federation has passed an order approving two of Rosneft’s APG joint implementation investment projects. The order, No. 112 of 12 March 2012, approves a project to reduce APG flaring and generate electricity at the Khasyreiskoye deposit and a project to utilise APG at Rosneft’s Priobskoye deposit.

RN-Aero, a subsidiary of Rosneft, has begun into-plane fuelling for leading global airline Lufthansa at Moscow’s Vnukovo airport. This signifies the beginning of practical implementation of an agreement between RN-Aero and Deutsche Lufthansa AG on the provision of aviation fuel for the airline’s aircraft both in Russia and abroad.

In connection with Rosneft First Vice President Pavel Fedorov's move to work as Deputy Minister in the Ministry of Energy of the Russian Federation, his responsibilities have been reassigned to members of the Rosneft management board

Rosneft has increased its stake in OJSC Eastern Siberian Oil and Gas Company (OJSC Vostsibneftegaz) from 70.78% to 99.87%

Rosneft has closed a deal to acquire a 35.3% stake in Taas-Yuryakh Neftegazodobycha from Sberbank

At a meeting of the Rosneft Board of Directors on March 5, 2012 it was decided that the next annual general shareholders’ meeting (on 2011 results) be held on June 20, 2012 in St. Petersburg.

On March 1, 2012 Rosneft published its full audited consolidated IFRS financial statements for the 12 months of 2011 with comparable data for the 12 months of 2010 and 2009. The Company is switching from US GAAP to IFRS reporting from the first quarter of 2012.