Downstream TNK BP Integration Synergies

Synergy example: Product logistics optimization within combined company may provide up to $30-60 mln EBITDA Map of logistic synergies Refining Ports Airports Transshipment terminal Arkhangelsk owned by Rosneft 5 To Ventspils 2 YANOS Tuapse refinery Tuapse port Ryazan 1 refinery 2 8 1 1 7 NNPO Samara refineries Koltsovo airport Saratov refinery 6 Achinsk refinery 7 Angarsk refinery 8 Description of logistic synergies 1 Naphtha from NNPO and RNPK to Tuapse and from Samara refineries to Ventspils 2 Motor fuel from YANOS/RNPK to North- West region and from SNPZ to Kuban and Stavropol 3 Geographical fuel oil swaps (RNPK, YANOS, SNPZ, Samara) in the domestic market Organization of the navigation for the Samara refineries 5 Increase o Arkhangelsk transshipment terminal utilization using 3-d party recourses 6 The substitution of 50% third-party resources in Koltsovo by supplies from Achinsk 7 Supplies of TNK standard lubes from Angarsk and Samara refineries 8 Logistic optimization of propylene/propane-propylene fraction supply Total additional EBITDA $30-60 mln 12

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