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

Low crude oil prices push Russia’s revenue down

“While oil prices and government revenues declined in 2015, Rosneft increased its capital expenditure on exploration and production for projects in Russia by 30 per cent compared with 2014. “Rosneft’s exploration and production capital expenditure in ...
Posted: October 25, 2016, 8:20 pm

Vladimir Putin helped save oil giant. Now Rosneft returns the favour

Rosneft’s Essar Oil acquisition in India underscores the company’s turnaround and expansion drive, two years after Russia President Vladimir Putin bailed out the firm Subscribe to our newsletter. Russian President Vladimir Putin and Rosneft CEO Igor ...
Posted: October 21, 2016, 8:34 am

Rosneft, Trafigura to Spend $13 Billion to Buy Indian Refiner

(Bloomberg) -- India’s billionaire Ruia brothers agreed to sell a 98 percent stake in their refinery unit to Rosneft PJSC, Russia’s biggest listed oil producer, and a consortium of Trafigura and United Capital Partners for about $13 billion. Essar ...
Posted: October 25, 2016, 9:20 am
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