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Rosneft and Schneider Electric agree to cooperate in energy efficiency enhancement

16 June 2016

During the XX St. Petersburg International Economic Forum, Rosneft and Schneider Electric signed a memorandum of cooperation.

As part of the agreements the parties plan to introduce a set of technical solutions at the production facilities of Rosneft aimed to reduce the energy consumption and the operating costs, increase the reliability of the equipment, and improve the quality of services.  Also, cooperation between the companies implies joint work on localization program of the energy efficient technologies in Russia.

Development of cooperation with Schneider Electric – one of the leading experts in the production and use of electrical equipment for power engineering and infrastructure – will give additional momentum to the efficient operation of Rosneft enterprises and increase safety and reliability of the technological process at the production sites.

Notes for editors:

Schneider Electric is a world expert in energy management and automation. Over 160,000 employees of the company which turnover in financial year 2015 amounted to about 27 billion euros operate in more than 100 countries worldwide.

Schneider Electric has offices in 35 cities of Russia with the headquartered in Moscow. The production base of Schneider Electric in Russia is represented by 6 existing plants in addition to logistical, R&D and engineering centers of the company. Schneider Electric counts about 12,000 employees in Russia.

Information Policy Division
Rosneft Oil Company

Tel: + 7 (499) 517-88-97
 16 June 2016

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

Keywords: Petersburg International Economic Forum