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Main page About rosneft Rosneft at a glance
Rosneft at a glance

Rosneft is the leader of the Russian oil industry and the largest publicly traded oil company in the world*. The Company's core activities include hydrocarbon prospecting and exploration, production of oil, gas and gas condensate, implementation of offshore field development projects, refining, sales of oil, gas and refined products in Russia and abroad.

The Company is included in the list of Russia's strategic enterprises. Its main shareholder (40.4% of shares) is ROSNEFTEGAZ JSC, 100% state-owned, 19.75% belongs to BP Russian Investments Limited, 18.46% to QH Oil Investments LLC, and one share belongs to the state represented by the Federal Agency for State Property Management (see Section  Structure of Shareholder Capital). 

The Company's main goals and objectives are to replenish reserves by at least 100%, efficiently produce from mature fields and increase production through new projects in Eastern Russia, develop hard-to-recover oil reserves, increase gas production supported by a highly efficient long-term sales portfolio, and increase margins along the entire value chain.

The Company's mission is to effectively realize its energy potential through projects in Russia and abroad, to ensure energy security and to treat natural resources with care.     

Hydrocarbon production and reserves 

Rosneft is the largest public production company in the world. Its share in global oil production is 6%. The Company produced 4.14 mln barrels per day (204.5 mln tons) of liquid hydrocarbons in 2020.

Rosneft is also one of the largest independent gas producers in Russia. By the end of 2020 the share of gas exceeded 20% of total hydrocarbon production, the volume of production reached 62.83 billion cubic meters. The Company's total hydrocarbon production in 2020 was 5.19 mln barrels per day (256.2 mmtoe).

As of December 31, 2020, Rosneft's SEC proved hydrocarbon reserves were 38,644 mln barrels of oil equivalent (5,221 mmtoe). The audit, which includes an assessment of reserves until the end of the period of profitable development of the fields, was carried out by DeGolyer&MacNaughton.

By the end of 2020, SEC proved reserves life index in Rosneft was more than 20 years. In 2020, the organic SEC proven hydrocarbon reserves replacement ratio was 151%.

Exploration work in 2020 resulted in the discovery of 208 new deposits and 19 new fields with AB1C1+B2C2 hydrocarbon reserves in the amount of more than 2 billion toe. The results of prospecting and appraisal drilling on the Kara Sea shelf led to the discovery of 2 new unique Arctic fields (Zhukov gas field and Rokossovsky gas condensate field) with total reserves of 1.3 trillion cubic meters of gas and 55 million tons of condensate. As part of the Vostok Oil Project, a unique Zapadno-Irkinskoye field with more than 600 mmtoe of C1+C2 hydrocarbon reserves was discovered on the Taimyr Peninsula.

For a number of years, Rosneft has been significantly ahead of the largest international oil and gas majors in terms of proven reserves under the SEC classification. At the same time, the Company demonstrates high efficiency in exploration and production, traditionally maintaining low costs for prospecting and development of hydrocarbon reserves.

New projects 

The Company is the Russian oil industry leader in terms of launching new production projects. Such major projects as Suzunskoye, Yurubcheno-Tokhomskoye, Kondinskoye, Tagulskoye, and Russkoye fields, Stage 2 of Srednebotuobinskoye field, Zapadno-Erginskoye field, Vostochno-Messoyakhskoye and Kuyumbinskoye fields have been launched over recent years. In Q3 2020, full-scale development of the Erginsky license area (the key asset of the Erginsky cluster) was started with the launch of a pressure oil pipeline to the Priobskoye field. In Q4 2020, an oil pipeline to the Verkhnechonskoye field was launched as part of the Danilovskoye oil and gas production cluster project to ensure oil shipment from the North Danilovskoye field. In the medium term, production enhancement at brownfields and development of new promising oil and gas projects will allow the Company to continue increasing production volumes through organic growth.

In pursuance of the Russian President's task to load the Northern Sea Route, the Company began practical implementation of a large-scale hydrocarbon production project in 2020, which will bring to life a comprehensive program to develop a new oil and gas province in the north of Krasnoyarsk Region – the Vostok Oil Project. Together with its partners, Rosneft plans to create a unique oil and gas cluster of global importance in this region. 


Rosneft is the largest refining company in the Russian Federation. The Company's refining block includes 13 large refineries as well as petrochemical and gas processing facilities located in 5 Federal Districts: Central, Volga, Southern, Siberian, and Far Eastern. The Company's refineries in Russia refined 93.0 mmt in 2020.

The Company's refining business is primarily focused on the strategic goal of providing the domestic market with high-quality petroleum products, including remote regions of the country. The Achinsk and Komsomolsk Refineries and Angarsk Petrochemical Company are key suppliers of motor fuels to regions in Eastern Siberia and the Far East, guaranteeing uninterrupted supplies and restraining price growth, which would inevitably occur if petroleum products were supplied from refineries in Central Russia.

 The oil refining and petrochemicals segment is successfully implementing a program to improve operational efficiency. As part of the Rosneft-2022 Strategy, enterprises are working systematically to reduce the operating costs of their production facilities, including through the introduction of advanced technological solutions aimed at reducing energy consumption in accordance with the requirements of the ISO 50001 international standard Energy Management System.

Rosneft's current Innovative Development Program is aimed at replacing imported technologies in the production of high-quality petroleum products. The Company's refineries continue to implement the Digital Refinery System, which is part of the Company's Rosneft-2022 Strategy and is aimed at improving production management efficiency. 

As an environmentally responsible company, Rosneft is constantly improving and expanding the development and production of high-tech petroleum products with improved environmental characteristics. The Company expands the geography of Euro 6 and AI-100 gasoline sales, and increases production of low-sulfur RMLS marine fuel. 

Sales of crude oil and petroleum products

Rosneft is the largest crude exporter in the Russian Federation. Rosneft exports crude oil to Europe, Asia-Pacific and CIS countries, sells it on the international market and delivers its crude for refining to refineries in the Russian Federation and to overseas refineries.

The Company's competitive position on the European market is strengthened by processing at refineries in Germany (PCK Raffinerie GmbH – Rosneft's share 54.17%, MiRO GmbH & Co. KG – 24%, BAYERNOIL Raffineriegesellschaft mbH – 28.57%). The total refining volume of the Company at German refineries in 2020 amounted to 10.97 mmtpa.  Rosneft is currently the third largest player on the German refining market. Average refining depth is 93%, and average Nelson Complexity Index is 9.0.

Operating activities in Germany are carried out by our subsidiary Rosneft Deutschland GmbH. This company manages both feedstock deliveries to refineries, in which Rosneft has an interest, and sales of petroleum products. The company supplies petroleum products directly from 3 refineries in Germany with Rosneft's share, as well as from more than 30 shipping terminals in Germany, using road, rail and river transport. The company's customer base includes more than 500 enterprises in Germany, Poland, the Czech Republic, Switzerland, Austria, and France.

Rosneft is consistently implementing plans to expand its presence in the markets of the Asia-Pacific region. Nayara Energy, in which the Company has a 49.13% stake, owns and operates one of India's most modern refineries – the Vadinar Refinery (Nelson Index 11.8), which accounts for approximately 8% of India's oil refining. Nayara Energy has one of the largest retail networks in India, which has more than 6,000 gas stations. Nayara Energy plans to expand its network of retail sites across the country to 7,600.

The Company consistently supplies the domestic market with the required volumes of petroleum products. Rosneft is an active participant in trading on the St. Petersburg International Mercantile Exchange, consistently meeting the needs of the Russian domestic market. In Q4 2020 the Company exceeded the standards for the sale of motor fuel on the exchange by three times.

Rosneft has the largest retail network in Russia, which by the end of 2020 had 3,057 retail sites/ full service filling stations, including 2,996 filling stations in the Russian Federation. At its retail sites, the Company is consistently developing contactless remote payment services for both fuel and related products via the Yandex.Fuel, Yandex.Navigator and Yandex.Maps mobile applications. By the end of 2020, about 1,500 filling stations were connected to the contactless fuel payment service; the contactless food payment service is available at 50 BP filling stations.

As part of the development of innovative and environmentally-oriented approach to taking consumer interests into account, Rosneft is developing the charging infrastructure at its filling stations in accordance with the demand forecasts and development of the electric vehicle market. 14 charging stations for electric vehicles have been installed and operate at the Company's filling stations, including 5 fast charging stations (50 kW) in Moscow Region, Vladivostok, Khabarovsk and Leningrad Region, and 9 slow charging stations (22 kW) in Tver Region and Krasnodar Territory. Rosneft plans to develop charging infrastructure for electric cars as part of cooperation with the largest electric power companies in Russia. 

Sustainable Development

Taking care of ecology and environmental protection is a top priority for Rosneft in all areas of its activities. The Company has been a member of the UN Global Compact for more than 10 years, and in 2018 it confirmed its commitment to 17 UN Sustainable Development Goals.

In June 2019, Rosneft joined the methane emissions reduction initiative – Methane Guiding Principles.

In December 2020 the Company presented a long-term carbon management plan through 2035, which takes into account the position of the Company's key shareholders and forms the basis of Rosneft's environmental agenda in the context of low-carbon economic development, including management of climate risks and identification of opportunities and competitive advantages associated with future demand for clean energy. The main goals of the Plan are to prevent greenhouse gas emissions in the amount of 20 mmt of CO2 equivalent, reduce the intensity of emissions in oil and gas production by 30%, achieve methane emission intensity below 0.25% and zero routine flaring of associated gas by 2035.

The Company gives priority to the implementation of environmental protection measures. For example, in 2020 Rosneft consistently improved the quality of water resources through the construction and reconstruction of water treatment facilities at its major refineries in the Samara Region, the Republic of Bashkortostan, and Saratov. Also in 2020, the Company's enterprises released more than 65 million fry grown in fish farms into the natural environment.

Rosneft pays great attention to forest preservation and restoration. In 2020, the Company's enterprises planted more than 1.5 million seedlings of various tree species.

The Company's activities in the field of sustainable development are highly appreciated internationally. In December 2020, FTSE Russell, a division of the London Stock Exchange, confirmed that the Company remains a member of the FTSE4Good Index Series with strong performance in environmental protection, social responsibility, governance, and transparency in disclosure. The Company outperformed 84% of international oil and gas industry participants in the Industry Classification Index (ICB supersector). The ratings reflect the transparency and correctness of information, primarily on environmental and climate change issues.

In 2021 Rosneft is among the best in the Russian and international peer group in Sustainalytics ESG Rating with a score of 33.8. Also, in the updated Bloomberg ESG Disclosure rating, which evaluates the transparency of ESG information, Rosneft improved its position (to 70.95 out of 100 points) and became a leader among top oil and gas companies.

Health and safety of employees 

Taking care of our employees, their health, unlocking their labor and personal potential, and creating decent working and living conditions are the Company's top priorities.

Rosneft has a unified system for responding to the pandemic threat. During 2020, more than 683,000 tests for coronavirus infection were conducted as part of regular testing of employees, more than 38.7 million items of personal protective equipment were purchased, and more than 6.5 million liters of disinfectants were used to treat offices and workplaces.

In addition, the Company operates the psychological support hotline. Strict compliance with sanitary and hygienic requirements, development of remote forms of communication, including contactless payment service, and mass information sharing on disease prevention ensure the safety of the Company's employees and customers of the corporate retail network.


*In terms of production volumes among companies listed on Western stock exchanges.