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.
- 2014 ADIPEC Awards
The countdown to enter your project for 2014 ADIPEC Awards has begun. ADIPEC’s Award entries will be open from 1st May 2014 giving applicants until 1 August to submit their entries. The official categories will be announced shortly. Click here to see 2013 winners
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
- HSE Zone
The HSE Zone was another first for 2013, driven by demand from visitors and exhibitors alike. Bringing together the health, safety and environment sector of the oil and gas industry, the zone hosted exhibitors, open conference sessions and was supported by an array of sponsors including Bulwark, Timberland and Scott Safety. Click here to see more about the 2013 HSE Zone
- Middle East Petroleum Club
Middle East Petroleum Club allows top level industry managers and business leaders to connect with peers, friends and colleagues in a discreet and private environment. Its primary objective is to strengthen the networks that exist between oil and gas executives across the region and forge new connections. To find out more, including how to join, click here
- Women In Industry
A first for the 2013 conference, Women In Industry was a panel session focussed on the title A Journey to Leadership. Led by H.E. Sheikha Lubna Al Qasimi, Minister of Development and International Cooperation, UAE, fellow panellists were Mrs. Sumayya Hassan-Athmani, Chief Executive Officer of the National Oil Corporation of Kenya, and Marie Haga, Executive Director of the Global Crop Diversity Trust and former Norwegian Minister of Petroleum and Energy. Click here for more information on the 2013 Women In Industry panel session and image gallery
- 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 2013, click here