Overview

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

With the acquisition of five major Russian refineries in 2007, Rosneft took the lead in the national refining sector and significantly improved vertical integration. The Company currently owns and operates seven refineries with an aggregate annual capacity of 415 mln. barrels (56.7 mln. tonnes) and three mini-refineries, which are able to process more than 50% of crude oil produced by Rosneft. In the medium term, Rosneft will intensify efforts to further expand its refining infrastructure, including through the construction of new plants. The Company will also continue upgrading its existing refineries to foster the production of petroleum products meeting the latest environmental requirements.

The acquisition of major marketing assets in 2007 enabled the Company to extend its filling station network 2.5 times to approximately 1,700. As a result, Rosneft became the second largest national oil company by retail network, which now covers 36 regions of Russia. In future, the Company will 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. It also owns Novokuibyshevsk Oils and Additives Plant
• 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