Petroleum Product Exports

Rosneft exported 25.81 mln tonnes of petroleum products in 2010 (including products bought from other producers, but excluding bunkering business), which is 6.2% less than in 2009. Lower export volumes were due to a recovery in domestic demand. Exports accounted for 53.6% of total product sales. The Company delivered 25.51 mln tonnes of products (98.8% of total exports) to non-CIS countries and 0.3 mln tonnes to CIS countries. Fuel oil was 52% of total product exports, 32% was diesel fuel and 12% was naphta.

Railroad transportation was used for the largest part of product exports (18.0 mln tonnes or 68.1% of the total). Pipeline transport was used to export 1.1 mln tonnes. The rest was exported through the Tuapse terminal and by rivers.

Rosneft has a number of clear competitive advantages compared with other Russian oil companies as regards export of petroleum products. Two of the Company’s refineries are located directly adjacent to export markets: the Tuapse Refinery on the Black Sea coast and the Komsomolsk Refinery in the Far East. Rosneft also has its own transshipment capacities at Tuapse and Nakhodka, located near Company refineries, which significantly improves the efficiency of export deliveries.

Petroleum product export sales