Overview

Ongoing development of the downstream segment is among Rosneft’s key strategic priorities. To increase the efficient sales of better-quality and higher value-added products to end customers, the Company constantly upgrades and expands its refining and marketing infrastructure.

The Company currently owns and operates seven large refineries in Russia with an aggregate annual capacity of about 400 mln barrels (54 mln tonnes) and three mini-refineries. Rosneft’s plants are able to process about 50% of crude oil produced by the Company. In the medium term, Rosneft will intensify efforts to further expand its refining infrastructure, including through the possible construction of new plants. The Company will also continue upgrading its existing refineries to foster the production of petroleum products meeting the latest environmental standards.

Rosneft is currently the second largest national oil company by retail network, which covers 38 regions of Russia and includes approximately 1,700 service stations. In future, the Company plans to maintain its focus on extending and optimizing the marketing network.

Rosneft also owns several large marine terminals that enjoy favorable locations and ensure efficient exporting of crude oil and petroleum products. Seeking to improve the balance between its export capacity and planned crude oil and petroleum product output, the Company implements a comprehensive program to upgrade and further expand its marine terminals.

• The De-Kastri terminal in the Khabarovsk Region exports crude oil produced by Sakhalin-1
• The Nakhodka terminal in the Primorsky region is a major petroleum product export hub of the Russian Far East
• Komsomolsk Refinery, located in the Khabarovsk Region, plays a pivotal role in supplying petroleum products to the Russian Far East
• The Angarsk Refinery is the ninth largest refinery in Russia and plays an important role in supplying petroleum products to the Siberian market
• Achinsk Refinery is the only major refinery in the Krasnoyarsk Territory, and is a key petroleum product supplier to the neighboring regions
• The Arkhangelsk oil terminal and the Belokamenka floating oil terminal export crude oil produced in Timan-Pechora
• Rosneft has three major refineries in the Samara Region: Kuibyshev, Novokuibyshevsk, and Syzran
• Rosneft exports oil through the Caspian Pipeline Consortium, where it holds an equity stake
• The Tuapse Terminal exports significant amounts of petroleum products produced by Rosneft
• The Tuapse Refinery is the largest oil refinery in Southern Russia