Category: Russian Energy sector

Source: Rosneft – An important disclaimer is at the bottom of this article.

On the eve of the professional holiday, Shipbuilder’s Day, the Zvezda shipyard handed over the keys to 160 flats in new buildings in the town of Bolshoy Kamen to its employees. The Shipyard began developing a new residential area called Sadovyi in the coastal zone, starting with the construction of two eight-storey buildings.

The flats with panoramic sea views are ready for occupation. The interior decoration has been completed, the plumbing and electric cookers have been installed, and the balconies have been glazed. The adjacent territory features sports and children’s playgrounds, as well as parking spaces for residents’ vehicles. During the year, the residential area will see the construction of eight buildings containing 600 flats and covering an area of over 28,000 square metres.

Sadoviy residential area is the next phase of a project to build housing for Zvezda employees. Zvezda Shipyard now employs more than 5,700 people. Given the expansion of the shipyard’s activities and the resulting increase in the number of employees and their families, Bolshoy Kamen’s population is set to grow by almost a third. The Shipyard’s primary objectives include the provision of housing and infrastructure for shipbuilders. The total number of flats is set to exceed 5,000 in seven residential areas.

The housing programme for shipbuilders has been in place since 2016. During this period, 38 houses were commissioned and occupied in five residential areas, including seven built by the Primorsky Territory Government.

Department of Information and Advertising
Rosneft
27 June 2025

Keywords: Social news 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Udmurtneft (operated by Rosneft and China Petroleum and Chemical Corporation, or Sinopec Group) has deployed its first domestically manufactured electric mobile drilling rig.

By replacing the traditional diesel engine with an electric drive system, environmental impact has been minimised. Furthermore, the transition to electric drilling equipment has reduced energy consumption costs by 30%, saving approximately 1 million roubles per well.

The rig has a lifting capacity of 180 tonnes and is transported on a mobile semi-trailer chassis. The driller’s workstation features a comfortable enclosed cabin with joystick controls.  The electric power drive has accelerated drilling preparation by 12 hours and reduced time required for scheduled preventive maintenance.

The new drilling rig is currently being utilised at Udmurtneft’s Mishkinskoye field.  The capabilities of the domestic rig will subsequently be applied at other company deposits. Another similar drilling rig is scheduled to be commissioned this autumn.

Department of Information and Advertising
Rosneft
August 26, 2025

Keywords: Environmental news 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Rosneft’s investments in projects for the beneficial use of associated petroleum gas (APG) totalled 303 billion roubles from 2013 to 2024.

Responsible attitude towards the environment is an integral part of Rosneft Oil Company’s corporate culture and one of the key principles of its business. Reducing greenhouse gas emissions is one of the Company’s strategic objectives. Rosneft implements a range of measures aimed at introducing innovative technologies, improving industrial safety and care for the environment.

As part of its Gas Investment Programme, the Company is working to increase the utilisation of APG in all regions where it operates. In 2024, Rosneft commissioned nine new facilities to help achieve this goal, including gas injection, power generation, gas preparation and utilisation facilities, and gas transportation infrastructure. The programme is being implemented in all regions of the Company’s operations and promotes the widespread introduction of innovative, energy-saving, «green» technologies into production processes.

While developing new fields, Rosneft carries out planning at the stage of drafting technical project documents. This comprehensive approach provides for all the measures necessary to utilise APG by a clearly defined deadline.

The Company’s specialists are constantly working to develop innovations that optimise and scale the process. For instance, in July 2025, employees of Orenburgneft (a Rosneft subsidiary) patented a technology for reducing the content of hydrogen sulphide and mercaptans in associated petroleum gas (APG). The innovation has been implemented at the Vakhitovskaya group of fields, resulting in a significant increase in APG utilisation, from 20 to 80 thousand cubic metres per day. The economic impact will exceed 1 billion roubles over five years.

Rosneft’s Energy Saving Programme, which is developed for a five-year period and updated annually, makes a significant contribution to reducing the Company’s carbon footprint. As a result, in 2024, Rosneft reduced its absolute greenhouse gas emissions by 1.1 million tonnes of CO2 equivalent.

Furthermore, the total savings in energy and fuel resources amounted to 363,000 tonnes of fuel equivalent. By 2030, the energy saving programme will reduce emissions by 4.7 million tonnes of CO2 equivalent.

Department of Information and Advertising
Rosneft
July 25, 2025

Keywords: Environmental news 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Specialists from the environment protection service of the Novokuibyshevsk Petrochemical Company, a Rosneft subsidiary, are implementing a unique environmental project. For the first time, biological wastewater treatment has now been carried out at the enterprise’s facilities using Eichhornia water hyacinth plants.

Several Rosneft enterprises in the Samara Region use phytofiltration technology in their wastewater treatment plants. The Kuibyshev Refinery was a pioneer in its implementation, using not only water hyacinths but also pancratium and sweet flag to achieve a high degree of wastewater disinfection. Eichhornia seedlings have also been successful at the Syzran and Novokuibyshevsk refineries’ treatment facilities.

Eichhornia is more than just a beautiful ornamental plant. Its powerful root system acts as an extremely effective natural filter. The roots absorb bacteriological contaminants, suspended solids, phosphorus, nitrogen and other chemical compounds from the water, ensuring a high level of purification and improving the quality of the water to resemble that of natural waterways. Importantly, the plant is at its most effective during the warm season, when bacteria are most active and the risk of contamination is greatest.

During the flowering period, Eichhornia produces blue inflorescences that transform the water surface into a flower garden. Using plants in the wastewater treatment process is an example of implementing environmental solutions that are proven to be both economically and ecologically efficient.

Department of Information and Advertising
Rosneft
July 16, 2025

Keywords: Environmental news 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Specialists from Rosneft’s Samara group of enterprises and ornithologists from Samara Luka National Park have summarised the results of the fieldwork stage of their joint project to study and protect the endangered white-tailed eagle within the reserve.

A key finding was data indicating that the population of this endangered bird had increased by more than a third in the Samara Luka National Park. Field studies conducted during the 2024–25 autumn and winter confirmed this positive trend. Scientists discovered new white-tailed eagle nesting sites in the park, suggesting that the nesting range is expanding. Monitoring of previously identified areas revealed the consistent presence of birds, active nest maintenance, and mating behaviour. Special measures have been introduced and patrols have been stepped up to protect key bird habitats in these areas.

The main indicator used to assess population dynamics was data from observations of reproduction. In 2024, all pairs successfully raised their young. The current activity of the birds, coupled with last year’s 100% nesting success, enables scientists to predict population growth within the reserve.

Raising awareness is an integral part of the strategy for conserving rare animals. As part of the project, information stands have been installed along the reserve’s walking trails to educate visitors about the distinctive features of the white-tailed eagle population. This species is the largest bird of prey in the Samara Region, and is listed in the regional, Russian and international Red Data Books.

Another important aspect of the conservation project is photographing and filming birds in their natural habitat. The material collected will be used to create a scientific archive, educational programmes, and further conservation initiatives. Additionally, plans are in place to organise a photo exhibition, The Orlan.

Protecting the environment is an integral part of Rosneft’s corporate culture and operating principles. The Company pays great attention to ornithological projects. Thanks to the support of its subsidiaries in various regions across the country, Rosneft is conducting research and implementing programmes to protect rare bird species such as white-shouldered eagles, wild geese and white gulls, etc.

Department of Information and Advertising
Rosneft
July 11, 2025

Keywords: Environmental news 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

• HYDROCARBON PRODUCTION OF 121.6 MLN TOE
• LIQUID HYDROCARBON PRODUCTION OF 89.3 MLN TONS
• GAS PRODUCTION OF 39.3 BCM 
• EBITDA OF RUB 1,054 BLN
• NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS OF RUB 245 BLN
• FREE CASH FLOW OF RUB 173 BLN

Rosneft Oil Company (hereinafter – Rosneft, the Company) publishes its results for first half 2025, prepared in accordance with the International Financial Reporting Standards (IFRS).

Commenting on the results for the first half of 2025, Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft noted:

“The first half of this year was characterized by a decline in oil prices primarily due to oil oversupply. The main reason is the active production build-up by OPEC countries, including Saudi Arabia, UAE, Iraq, Kuwait, while production growth is also observed in Brazil and other countries. According to our estimates and expectations of leading energy agencies, the oil market surplus will amount to 2.6 mln bpd in Q4 2025 and 2.2 mln bpd in 2026.

In addition, there was a widening of discounts on Russian crude oil due to tighter EU and US sanction restrictions and a significant ruble strengthening, which impacted the financial results of exporting companies. It should be noted that non-market formation of the national currency rate ultimately leads to non-market non-transparent pricing of oil and petroleum products both domestically and internationally.

Moreover, I would like to note the outstripping growth in natural monopolies tariffs, which is putting additional pressure on the oil industry in the challenging market conditions. There has been indexation of Transneft transportation tariffs for crude oil by 9.9% and oil products by 13.8% and RZhD freight rail transport tariffs by 13.8% since the beginning of the year, as well as indexation of Gazprom’s regulated wholesale gas prices by 10.2% and tariffs for transmission services by 11.6% since July.

Excessive indexation of tariffs regulated by the Russian Government accelerates cost-push inflation, encourages higher prices and is one of the reasons for the slower reduction of the key interest rate. Despite the decisions taken by the Bank of Russia in June-July, the pace of interest rate cut is clearly insufficient.

One of the consequences of a long period of the elevated key rate is the excessive ruble strengthening, which inflicts losses on both the Russian budget and the exporting companies. In addition, the high key rate leads to incremental interest expenses, which harms the financial stability of corporate borrowers, reduces profits and undermines their investment potential.

Under these conditions, Rosneft forms its budget based on realistic assumptions, using an oil price of $45/bbl. We continuously monitor, analyze and rank our portfolio. We are optimizing production and focusing on high-margin projects with a special tax regime, including Vostok Oil and Sakhalin-1, to create a source of dividend payments. At the same time, a number of other companies are paying dividends by raising debt.

For reference. Change in hydrocarbon production by major global oil and gas companies in H1 2025 as compared to H1 2024: bp (-5%), Shell (-4%), Chevron (+1%, including Venezuela), Equinor (+1%, target premium market – Europe), Saudi Aramco (+1%, due to commissioning of spare capacities with pressure on prices and higher debt), ExxonMobil (+13%, with low tax take based on Guyana’s and Permian resource base; target market – USA; taking into account challenges in securing domestic market; company in constant search for resources with projected depletion of the resourece base by 2035).

Despite the negative macroeconomic environment, Rosneft maintains strict adherence to its dividend policy and has been paying dividends without fail since 2000.

In the interests of our shareholders and in full compliance with the dividend policy, in August 2025, Rosneft completed the payment of final dividends approved by the Annual General Meeting of Shareholders. The total dividends for 2024 amounted to RUB 542 bln or RUB 51.15 per share”.

Operating performance

Exploration and production

The Company’s hydrocarbon production in H1 2025 amounted to 121.6 mln toe (4.99 mln boepd), including to 89.3 mln tons (3.67 mln bpd) of oil and 39.3 bcm (1.32 mln boepd) of gas.

Some companies demonstrated growth in hydrocarbon production in the reporting period, but it was ensured by increased production from international projects, including Venezuela, Iraq, Egypt and others. Rosneft, operating under service contracts, does not book reserves and account for commercial oil production.

In H1 2025, production drilling footage was about 6 mln meters, Rosneft commissioned 1.4 th. new wells with horizontal wells accounting for 74% of that amount.

In H1 2025, onshore in the Russian Federation, Rosneft completed 1.2 th. linear km of 2D seismic and 3.2 th. sq. km of 3D seismic works. Company completed testing of 17 exploratory wells with a success rate of 100%.

Vostok Oil Project

As part of the flagship Vostok Oil project, in H1 2025, Company completed 1.2 th. linear km of 2D seismic and 1.5 th. sq. km of 3D seismic works. Testing of 1 well was successfully completed, drilling of 1 well was completed, and construction of 4 prospecting and appraisal wells has begun.

The Company continues pilot development of the Payakhskoye and Ichemminskoye fields: in H1 2025, production drilling footage exceeded 62 th. meters, while 14 production wells were completed. Pilot production is being carried out at the Payakhskoye and Ichemminskoye fields with produced crude oil transported by trucks to the Suzun and Lodochnoye fields.

Work is underway at the ‘Vankor – Payakha – Sever Bay’ trunk oil pipeline. As of the end of H1 2025, 118,000 piles were installed; 608 km of pipeline were laid to design levels. The Company completed laying a backup pipeline crossing the Yenisei River; backfilling of the trench in the channel part is underway.

The construction of two cargo berths, as well as a berth for the port fleet at the Sever Bay Port terminal, is nearing completion. Construction of the first oil loading terminal continues, and construction of the second one has begun. Construction of a Sever Bay Port crude oil delivery and acceptance point and the Suzun oil pumping station is underway, and construction of the Payakha oil pumping station has begun. The Company continues with the construction of logistics infrastructure and hydraulic engineering installations, shore reinforcement, and expansion of onshore and berth infrastructure.

Refining

In H1 2025, the refining volume amounted 38.7 mln tons. Decrease in the refining volume is attributable to the need for maintenance and repair works as well as to the optimization of refinery utilization in view of the current pricing environment, logistics constraints and demand. The oil conversion rate increased to 77.6%, and the light products yield reached 60.3%.

Rosneft continuously works to maintain a high level of reliability of its oil refining assets. In particular, the Company provides the operation of its refinery process units with its own catalysts, which are necessary for the production of high-quality motor fuel. In H1 2025, Rosneft produced 1.3 th. tons of catalysts for hydrotreatment of diesel fuel and gasoline fractions, as well as protective layer catalysts. Rosneft subsidiaries also produced 40 tons of gasoline reforming catalysts and 176 tons of catalysts for hydrogen production, petrochemicals and adsorbents. 720 tons of coked catalysts for hydrotreatment of diesel fuel were regenerated.

The Company is a key supplier of high-quality motor fuels for Russian consumers. In H1 2025, 20 mln tons of petroleum products were delivered to the domestic market, including 6.4 mln tons of gasoline and 7.8 mln tons of diesel fuel.

Rosneft continues to actively participate in trading on the St. Petersburg International Mercantile Exchange. In the reporting period, 4.7 mln tons of gasoline and diesel fuel were sold on the exchange, which is 1.8 times higher than the required volume

Financial performance

The Company’s revenue in H1 2025 decreased by 17.6% year-on-year, amounting to RUB 4,263 bln on the back of the declining oil prices and a stronger ruble. At the same time, the rate of cost savings and expense reduction lagged behind the revenue dynamics, with one of the reasons being indexation of tariffs imposed by the natural monopolies. As a result, EBITDA in H1 2025 decreased to RUB 1,054 bln.

In H1 2025, the net income attributable to Rosneft’s shareholders amounted to RUB 245 bln. This indicator is still negatively affected by prohibitive level of the key rate of the Central Bank of the Russian Federation. In addition, non-monetary and one-time factors negatively affected the dynamics of the indicator in the reporting period.

The Company’s Capex in H1 2025 amounted to RUB 769 bln due to the scheduled implementation of the investment program mainly at Upstream assets. Free cash flow for the reporting period amounted to RUB 173 bln.

The net debt / EBITDA ratio at the end of H1 2025 amounted to 1.6х, which continues to remain at a level significantly below the minimum covenant under the loan agreements.

ESG

In the reporting period, the Company proceeded with activities aimed at achieving sustainable development goals under the Rosneft-2030 Strategy.

Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illnesses. In H1 2025, the Lost Workday Injury Severity (LWIS) decreased by 40%.

As a result of accident prevention measures taken in H1 2025, the number of incidents related to process safety at the Company’s subsidiaries decreased. In particular, the frequency rate of severe loss of containment events (PSER-1) reduced by 52% versus H1 2024, and PSER-2 decreased by 22%.

In the reporting period, no gas, oil and water shows (release of oil, gas or water to the surface) were registered during well drilling operations at Rosneft facilities. The Company continued with pipeline replacement as part of its efforts to minimize oil and petroleum product spills.

Rosneft’s subsidiaries maintain high standards of environmental safety in the field of water management in all regions of operations. The biological treatment facilities of the Ufa refineries play an important role in the Company’s effort to enhance the effective use of water resources. During January-June, biological treatment facilities processed 11.7 mcm of wastewater, and for seven years of the total operations processed volume exceeded 169 mcm of wastewater. At the Samara facilities the Company has been successfully implementing a unique ecological wastewater treatment project using water hyacinth.

Rosneft scientists have developed an innovative oil spot detection technology that will significantly increase the efficiency of environmental protection measures in the oil sector. The new technology makes it possible to distinguish between natural reservoirs and oil spots with high precision.

The Company’s leadership in sustainable development receives independent external recognition. In June 2025, Rosneft was included in the Climate Sustainability Index of non-financial companies constructed by the Moscow Exchange. The index includes shares of companies that are leaders in the sustainable development agenda with a well-established climate management system.

¹ This includes sales revenue and income from associated organizations and joint ventures.

Information and Advertising Department
Rosneft Oil Company
August 30, 2025

These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Mohammed Bin Saleh Al-Sada has been elected Chairman of the Board of Directors of Rosneft Oil Company. The meeting also formed the composition and elected the chairmen of the three permanent committees of the Board of Directors.

Mohammed Bin Saleh Al-Sada was first elected Chairman of Rosneft Board of Directors in June 2023. He holds more than 40 years of experience in the energy sector. Currently, Al-Sada holds the position of Chairman of the Board of Trustees of Doha University for Science and Technology (the State of Qatar), Member of the Board of Trustees at the Abdullah Bin Hamad Al-Attiyah International Foundation for Energy & Sustainable Development and Advisory Board member for GCC supreme council, as well as Vice Chairman of the Board of Directors of Nesma Infrastructure & Technology.

From 2007 to 2011, Minister of State for Energy & Industry Affairs of the State of Qatar, from 2011 to 2018 as Minister of Energy and Industry of the State of Qatar, and Chairman of the Board of Qatar Petroleum (now QatarEnergy).

Department of Information and Advertising
Rosneft Oil Company
July 21, 2025

These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

Rosneft Oil Company considers the European Union’s decision to impose restrictive measures on the Indian refinery of Nayara Energy as unjustified and illegal. These sanctions are yet another example of extraterritorial implementation of politically motivated restrictions that blatantly violate international law and infringe on the economic interests of a sovereign state.

Rosneft emphasizes that it is not a controlling shareholder of Nayara Energy – the Company’s share in the authorized capital of the enterprise is less than 50%. The enterprise is managed by an independent Board of Directors.

The European Union’s grounds for imposing sanctions are completely far-fetched and false in content, Nayara Energy is an Indian legal entity whose economic activity is aimed at the development of its asset. The entity is taxed entirely in India. Nayara Energy shareholders have never received dividend payments and the accumulated profits have been used exclusively for the development of the refinery and petrochemicals and the company’s retail network in India.

The Nayara Energy refinery is a strategically important asset for the Indian energy industry, providing a stable supply of petroleum products to the country’s domestic market. The imposition of sanctions against the refinery directly threatens India’s energy security and will have a negative impact on its economy.

Such actions of the European Union demonstrate complete disregard not only for international law, but also for the sovereignty of third countries. Rosneft views these sanctions as part of the EU’s destructive policy aimed at destabilizing global energy markets. The restrictions on Nayara Energy are yet another example of the EU’s use of unfair competition practices.

We are counting on the fact that Nayara Energy will take measures to protect the legitimate interests of its shareholders and consumers, which will be supported by the governments of Russia and India.

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

The shareholders approved the payment of dividends for 2024 in the amount of 14.68 roubles per share. July 20, 2025 was set as the dividend record date.

The shareholders have also elected a new Board of Directors consisting of 11 members:

• Andrey I. Akimov – Chairman of the Management Board, Gazprombank (Joint-Stock Company);
• Pedro A. Aquino, Jr. – Chief Executive Officer of OIL & PETROLEUM HOLDINGS INTERNATIONAL RESOURCES LIMITED, Independent Director (Republic of the Philippines);
• Faizal Alsuwaidi – Representative of Qatar Investment Authority (the State of Qatar);
• Hamad Rashid Al-Mohannadi – Representative of Qatar Investment Authority (the State of Qatar);
• Mohammed Bin Saleh Al-Sada – Chairman of the Board of Trustees of Doha University of Science and Technology, Vice-Chairman of the Board of Directors of Nesma Infrastructure & Technology, Member of the Advisory Committee of the Governing Body of the Gulf Cooperation Council, Independent Director (the State of Qatar);
• Viktor G. Martynov – Rector of Gubkin Russian State University of Oil and Gas (National Research University), Independent Director;
• Alexander D. Nekipelov – Director of Moscow School of Economics at the Lomonosov Moscow State University,  Independent Director;
• Alexander V. Novak – Deputy Prime Minister of the Russian Federation;
• Maxim S. Oreshkin – Deputy Head of the Administration of the President of the Russian Federation;
• Govind Kottis Satish – Managing Director of VALUE PROLIFIC CONSULTING SERVICES PRIVATE LIMITED, Independent Director (Republic of India);
• Igor I. Sechin – Chief Executive Officer, Chairman of the Management Board of Rosneft Oil Company.

The Meeting of Shareholders has also approved the Annual Report and Financial Statements, and decided to elect an Audit Commission consisting of five members.

Department of Information and Advertising
Rosneft Oil Company
July 4, 2025

These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Source: Rosneft – An important disclaimer is at the bottom of this article.

At the XXVII St. Petersburg International Economic Forum, Rosneft and the Tourism Agency of the Krasnoyarsk Territory signed a Memorandum of Cooperation to promote domestic tourism.

The document provides for cooperation to boost the demand for domestic automobile tourism, promote the tourist potential of the region, including improvement of motorway service and Rosneft retail network infrastructure.

The parties plan to undertake a number of actions aimed at improving the comfort of automobile travelers, including motorway service at the Rosneft filling stations.

Development of the motorway service facilities and improvement of the customer services provided at Rosneft filling stations is one of the Company’s priorities. The Company retail network is not only the largest in Russia in terms of geographical coverage and number of filling stations (around 3,000 stations), but also one of the leaders in terms of fuel brand recognition and quality.

Rosneft undertakes a number of measures aimed at creating comfortable conditions for automobile travelers. Earlier, the Company, together with a number of regional authorities, has presented joint tourist routes running through the Rosneft filling stations in the Republic of Karelia, as well as the Tula, Arkhangelsk, and Ulyanovsk Regions, and the key routes between Moscow and Krasnaya Polyana, and between the two capitals.

In addition, the Company has previously signed memoranda of cooperation to promote domestic tourism with the Moscow City Tourism Committee, the government of the Samara Region, the Ministry of culture of the Arkhangelsk Oblast, the Altai Territory Department for Tourism and Resort Development, Tourism Agencies of the Ulyanovsk Region and the Republic of Udmurtia, and the Republic of Bashkortostan.

In 2023, Rosneft launched a special information and service platform “Russian Horizons: Come With Us!”. The special project allows car tourists to choose and plan routes to places of interest using the infrastructure of Rosneft’s network of motorway services and filling stations. The project “Horizons of Russia” has a number of key distinctions thanks to the unique navigation functionality, all interesting locations become stops on the route that a driver may can independently combine and modify at any time during the journey.

The Krasnoyarsk Territory is a strategic region of Rosneft operations. The region is home to the major Group Subsidiaries, including RN-Vankor, Vostsibneftegaz, Slavneft-Krasnoyarskneftegaz, Achinsk Refinery, service, marketing and logistics companies, and filling stations.

Vostok Oil, the flagship oil production project, is being delivered in the north of the region. Low unit production costs and low carbon footprint (only a quarter of the global average for new projects) make Vostok Oil one of the most promising and environmentally friendly oil production projects in the world. Industry experts estimate that the project will increase the annual Russian GDP by 2%.

Rosneft is also implementing a large-scale program in the Krasnoyarsk Territory to support educational institutions that provide comprehensive training courses to skilled workers and engineers for the Vostok Oil Project. Over 400,000 specialists will be engaged at the construction stage alone, and over 130,000 workers will be employed on a long-term basis at the Vostok Oil operational stage. A total of 10,000 people are already working at the project facilities.

Information & Advertising Department
Rosneft
June 10, 2024

These materials contain forward-looking statements regarding future events and expectations. All statements contained in these materials that do not relate to matters of historical fact constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any expected results, performance or achievements expressed or implied by such forward-looking statements. We assume no obligation to update the data contained herein to reflect actual performance or results, changes in underlying assumptions or factors affecting the forward-looking statements.

Keywords: Social News 2024

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.