OREANDA-NEWS. November 25, 2010. Rosneft is 1st in the Standard & Poor’s (S&P) Transparency and Disclosure Survey of Russian companies 2010 with a transparency level of 80%, reported the press-centre of Rosneft.

The S&P report says 2010 transparency in government companies has increased relative to privately run companies. Companies with a government shareholding of more than 50% have become 2.6% more transparent than the overall average and 2.8% more transparent than privately owned companies, an overall improvement from 0.9% and 1.6% respectively in 2009.

Rosneft proves to be the most transparent company in Russia for the second year in a row. As part of an ongoing effort to improve transparency and disclosure, Rosneft publishes quarterly US GAAP financial reports and MD&A, the company complies with all regulatory framework. Rosneft regularly holds presentations and conference calls for investors and analysts to efficiently communicate with all interested parties.

Rosneft is committed to remain a highly transparent company in the interest of shareholders, partners and regulators.

NOTE
The information transparency study is an ongoing Standard & Poor’s project with the centre for economic and financial research at the New Economic School, and with the support of the RTS Stock Exchange. Only public information was used to compile research. The S&P methodology is based on 110 criteria grouped in 3 blocks: ownership structure and shareholders rights, financial and operational information, composition and work procedures of the Board of directors and management.