Rosneft is the world’s largest public oil company in terms of proven hydrocarbon reserves and hydrocarbons output.
2013 was a record and defining year for Rosneft both regarding reaching high production and financial indicators and implementing strategic initiatives that assign the development dynamics for the Company and the sector itself for the coming decades. The company completed a number of key acquisitions the synergistic effect of which amounted to more than RUB 27 bln. A serious work was carried out by Rosneft on successfull integration of the acquired assets of TNK-BP, Itera, and Sibneftegas.
During 2013 Rosneft significantly increased its performance in the international projects – currently the Company carries out its activities in Belarus, Ukraine, Kazakhstan, Turkmenistan, China, Vietnam, Mongolia, Germany, Italy, Norway, Algeria, Brazil, Canada, Venezuela, UAE, and Armenia.
The company continues working on improving its business performance, preparing to launch major projects and ensuring long-term profitability for its shareholders in 2014.
The strategic goal of Rosneft in the area of onshore exploration and production is to maintain production and to use the existing fields with maximum efficiency, to rationally implement new projects for ensuring a stable production profile and maximum HC recovery factor, as well as to develop economically feasible unconventional and complex reservoirs. The company plans to effectively transfer its resources into reserves and to subsequently develop them in order to maintain production in the traditional areas of activity, as well as to create new clusters of oil and gas production on the basis of Vankor and eastern Siberia fields.
Rosneft is the leader of innovative changes in Russian oil and gas industry. The goal of the Company is to create an advanced oil business of new type, that would allow fulfilling strategic needs of the Company and provide the best financial viability on the basis of its own drilling and service company RN-Burenie with the possibility of attracting partners, as well as to create a pool of innovative technologies and competence on all the key directions of future development.
The strategic priority of Rosneft is implementation of its unique growth prospects, as well as creation of value on the basis of the largest offshore assets portfolio.
The Company will perform this task using advanced technologies in collaboration with strategic partners, the leaders of the world oil and gas industry in order to ensure most efficient hydrocarbon exploration and production as well as minimum impact on the environment.
Rosneft plans to become the world largest operator of offshore fields development, the prospective resources of which amount to 45.8 bln tones of o.e.
Rosneft is the third largest gas producer in the Russian Federation. The Company develops significant gas reserves in Western and Eastern Siberia and has a unique portfolio licenses for the development hydrocarbon resources of the Russian continental shelf. The strategic goal of Rosneft is to ensure effective development and marketing of gas resources and to significantly increase the contribution of gas business to boost the Company shareholder value.
By 2020 gas production level is supposed to reach 100 bln cubic meters on the basis of the planned development of existing gas projects portfolio.
The strategic goal of Rosneft oil refining and petrochemistry unit is to use produced oil, gas and other raw materials effectively, as well as to create products with high added value.
The Company creates additional value for shareholders through successful implementation of the large program of oil enterprises modernization as well as through carrying out new projects – Eastern petrochemical company, Tuapse refining company.
As a part of its international development the Company participates in the project of Tianjin refinery and petrochemical complex in China, which will allow supplying the complex with raw materials as well as taking part in product sales on the markets of Asian-Pacific Region.
The Company’s priorities in the area of commerce and logistics are maximization of oil and oil products sales efficiency, guaranteed supplying consumers with high-quality fuels, optimizing costs for delivery and supplies stability, constant improvement of offer for customers via its own retail network and wholesale outlets, as well as developing modern techniques of trading activity in Russia and abroad.
Rosneft possesses a diversified asset portfolio in promising regions of international oil and gas business. The aim of building stable and profitable international presence of Company is to create an added value for shareholders and obtain new knowledge and competence to make elaboration of new projects in Russia more effective.
Rosneft is a leader in the process of high-quality modernization and innovational changes in the petroleum industry of Russia. The Company’s efforts are focused on the development of intellectual and technological potential of the industry on the strong basis of the Russian oil and gas training – one of the best in the world – and in partnership with leading companies of international petroleum business.
Rosneft realizes and recognizes the whole social, economic and ecological responsibility, arising in the course of implementation of any of Company’s projects. In the sphere of industrial and occupational safety, environmental protection Rosneft follows regulations of Russian law and international rule. The Company employs state-of-the-art technologies and modern production methods to create safe and healthy working space for its employees and minimize the risks of emergency situations and accidents.
Rosneft is the largest taxpayer of the Russian Federation. The Company is always guided by the high standards not only in the area of production, but also in the social sphere. Social orientation of its policies is one of conditions that guarantee sustainable development, making for reinforcement of reputation of reliable employer and partner.
The Company aims at becoming the best employer of the Russian Federation, offering its employees optimal conditions for professional development as well as high standards of the social security system and health protection.
The corporate management system of Rosneft sets for protecting shareholders’ rights, successful and sustainable development of the Company and providing the process of effective and responsible decision-making by the Company’s management.
The Company aims at constantly increasing the efficiency of its business processes and management performance.