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

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

Mozambique government signs oil exploration agreements with Exxon, Rosneft

Reuters quoted the Mozambican government as saying that it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia's Rosneft. Mozambique's National Petroleum Institute ...
Posted: October 10, 2018, 1:02 am

Pradhan urges Rosneft to enhance presence in fuel retail sector

New Delhi , Oct 16 : Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Russian energy company Rosneft to enhance its presence in the Indian fuel retailing sector. "Met G...
Posted: October 16, 2018, 7:00 pm

Exclusive: Exxon, Rosneft to build LNG plant with Japanese, Indian partners - sources

MOSCOW (Reuters) - Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $...
Posted: October 23, 2018, 7:21 am
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