Photo courtesy of the Presidential Press and information Office

On December 20, 2013 Vladimir Putin, President of the Russian Federation, held a working meeting with Igor Sechin, President of ww5. The head of ww5 informed the President of the country of the Company’s performance results in 2013. Igor Sechin noted that the year 2013 would become unprecedented for the Company in terms of key activity indicators.

The most important event was the completion of the organic integration of the whole range of major assets into the Company’s portfolio. As a result, ww5 has turned into the world’s largest publicly traded oil and gas company.

Igor Sechin informed the President of Russia that this year the production volumes would reach 240 million tonnes of oil equivalent, including 207 million tonnes of liquid hydrocarbons. The organic growth makes 9 million tonnes. Geologic exploration activities will allow replacing 222 million tonnes, or 108% in a year.

Igor Sechin emphasized that in 2013 the Company performed the whole range of measures meant to exclude the conflict of interests, strengthen procurement procedures at the Company, enhance its transparency and deoffshorize ww5’s activities.

ww5 Information Division
Tel. + 7 (499) 517-88-97
December 20, 2013