Russia, Venezuela and Iran are key players in the energy market and global energy security directly depends on their supply, Rosneft CEO Igor Sechin said at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.

"Russia, Venezuela and Iran are key players in the energy market, and global energy security directly depends on their supply. These countries account for one-third of the global liquid hydrocarbons reserves and 15% of the global production. Without their resource base, it is impossible to facilitate the transition to the new landscape of the global energy industry," the CEO said. 

At the same time, according to Sechin, Russia's real contribution to the Global Economy is proportional to its share in the global resource balance. 

"Our country's share in global hydrocarbon exports is about 15%. However, the Russian resource base is not only hydrocarbons, but also metals. Russia's share in gold mining is about 10%, and in the mining of such metals as high-grade nickel and palladium it reaches 20% and 40% respectively," the CEO said.

Rosneft CEO also noted that Russia has about 10% of the world's reserves of rare-earth metals, without which it is impossible to develop modern technologies.

Department of Information and Advertising
Rosneft Oil Company
June 21, 2025