Rosneft Company Profile
Rosneft is the leader of Russia’s petroleum industry, and one of the world’s largest publicly traded oil and gas companies. The Company is primarily engaged in hydrocarbon exploration and appraisal, production of oil, gas and condensate, offshore field development projects, hydrocarbon refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.
Rosneft is widely engaged in exploration and production across all key hydrocarbon regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia and the Far East. In addition, the Company is implementing the projects in Kazakhstan, Algeria, Venezuela, Brazil, UAE, Canada, and in the Gulf of Mexico.
The plans of Rosneft to develop Russia’s shelf, including the Arctic shelf, have a special place among its projects. Rosneft joined forces with ExxonMobil, Eni and Statoil to develop resources of the Russia’s shelf. The companies have been broadening cooperation through technology transfer and joint international projects.
Rosneft operates 11 refineries in Russia and 6 refineries outside Russia, marketing oil products through the retail network that includes over 2,400 retail sites. The Company has been implementing a large-scale refinery upgrade program aimed at increasing refinery throughput in the Russian Federation from 84 to 90 mln. t per annum.
Year-on-year improvement in operational performance ensures high financial indicators, which makes Rosnefts one of the largest investors in the Russia’s economy. Since 2011, the amount of dividends paid to Rosneft shareholders has been 25% of the Company’s net profit.
In 2012 Rosneft reached an agreement to acquire 100% stake in TNK-BP. This acquisition of TNK-BP by Rosneft became the world largest M&A transaction in 2012. The total value of transaction was $54.5 bln. The synergy from the transaction is estimated at $12 bln.
The successes Rosneft has achieved in its operations contribute significantly to economic and social stability in Russia. Only over the last six years Rosneft and its subsidiaries ensured payment of more than RUR6.8 trln. to the budgets of all levels. Rosneft is among major employers in the Russian Federation.
Rosneft follows the policy of high social responsibility to its employees, their families, local communities in the areas of its operations and to the community as a whole. The fundamental principle of Rosneft business activity is the environmental responsibility.
- ADIPEC Awards
It is with great pleasure that the ADIPEC Awards Team can announce the Winners for the ADIPEC Awards 2014. It has been the most successful year for the Awards, with 396 entries received from over 100 companies and across 27 countries. This has meant a committed effort from the Regional Select Jury (RSJ), led by the Awards Chairman, Mr Abdul Munim Saif Al Kindy, Chief Executive Officer, ADCO, to evaluate and select the finalists from such a large volume of exceptional entries.
With a record 54,000 visitors in 2013, the exhibition space for ADIPEC 2014 has been very popular. To find out more about how your company can get involved, click here
- The Middle East Petroleum Club
YOUR GATEWAY TO EXCLUSIVE NETWORKING AND BUSINESS OPPORTUNITIES
The Middle East Petroleum Club (MEPC) is an exclusive private business club reserved for decision makers of the Middle East oil and gas industry, not only at ADIPEC, but all year round. To find out more, including how to join, click here
- Women In Industry
WOMEN IN INDUSTRY (WII)
The official ADIPEC series of luncheons and panel discussions taking place throughout the year at the Jumeirah at Etihad Towers and on site during at ADIPEC. WII strives to bring together the industry’s leading females, providing an environment for topical discussion and debate.
To request further information concerning the upcoming October lunch and panel discussion and the ADIPEC Onsite Gathering, please contact firstname.lastname@example.org
- Young ADIPEC
Young ADIPEC was established to address the lack of emergent skill required for the next generation of oil and gas industry employees. Generating interest and excitement about a career in oil and gas, Young ADIPEC saw school children take part in a series of field trips, projects and a visit to the museum and Young ADIPEC zone at ADIPEC 2013. For more information on Young ADIPEC 2014, click here