Rosneft Net Worth is$79.6 B
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Native Name: ?????????
Company Slogan: Energy For Growth
Type: Public company (Open Joint-Stock Company)
Traded As: ROSN, ROSN
Foundation: 1993
Industry: Oil and gas industry
Products: Petroleum, Petrochemicals
Location City: Moscow
Location Country: Russia
Key People: Igor Sechin (CEO),
Revenue: operating income
Net Income: {{profit US$12.4 billion (2011)
Owner: government of Russia (75%)
Num Employees: 106,000 (2011)
Parent: Rosneftegaz
Homepage: www.rosneft.com

Rosneft (Russian: ? ? 3/4 N?? 1/2 ?uI?N?N?N?, IPA: [rE?E?snE?eftE?]; MCX: ROSN, LSE: ROSN) is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow's Balchug district near the Kremlin, across the Moskva River. Rosneft became Russia's leading extraction and refinement company after purchasing assets of former oil giant Yukos at state-run auctions.
Rosneft conducts oil and gas exploration and production activities on Sakhalin island, Siberia, Timan-Pechora field and in southern Russia, including Chechnya. It owns and operates two refineries. The refinery in Tuapse, on the Black Sea, focuses on refining high-gravity oil from western Siberia. Another plant in Komsomolsk-on-Amur is the easternmost refinery in Russia. The Komsomolsk Refinery benefits from its technological integration with Nakhodkanefteprodukt, while the Tuapse Refinery is noted for its favorable location on the Black Sea coast and is part of an integrated complex with Tuapsenefteprodukt. Rosneft operates shipping (Arkhangelsknefteprodukt), pipeline and marketing companies. As of 29 December 2006, the company's market value was US$83.908 billion. Rosneft net income fell 20% for the first quarter of 2009 from $2.56 billion to $2.06 billion due to the weakness of oil price. Rosneft is 75.16% owned by the Russian state, while around 15% of the shares are in free float.
Rosneft was established in 1993 as a Unitary enterprise on the basis of assets previously held by Rosneftegaz, the successor to the Soviet Union's Ministry of Oil and Gas. During the early 90s almost all Russian local oil companies and refineries were extracted from Rosneft to form ten integrated companies. Later their number was halved as a result of acquisitions. On 29 September 1995, a Government of Russia Resolution a??971 transformed Rosneft into an open joint stock company. In October 1998, the Russian government appointed Sergey Bogdanchikov as president. The company had only

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Rosneft Latest News

Despite lawsuits, Russia's Rosneft says not after Sistema's assets

MOSCOW (Reuters) - Russian oil giant Rosneft said on Wednesday it was not seeking control of assets belonging to business conglomerate Sistema, despite successfully freezing Sistema assets worth around $5 billion in a legal wrangle. A Russian court froze $ ...
Posted: December 13, 2017, 3:42 am

UPDATE 1-Russia's Sistema countersues Rosneft for $5.6 bln in growing row

* Rosneft says Sistema claim "absurd" * Rosneft seeks $4.5 bln from Sistema in two lawsuits (Releads, adds Rosneft comment, background) MOSCOW, Dec 8 (Reuters) - Russian conglomerate Sistema said on Friday it had filed a 330.5 billion rouble ($5.6 billion ...
Posted: December 8, 2017, 1:14 pm

Russia's Rosneft asks to freeze some of Sistema's assets

MOSCOW, Dec 12 (Reuters) - Russian oil major Rosneft is seeking a freezing injunction in respect of some of Sistema's assets under its second legal claim against the conglomerate, the RIA news agency quoted a Rosneft spokesman as saying on Tuesday.
Posted: December 12, 2017, 12:09 am
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