News - https://www.rosneft.com/press/news https://www.rosneft.com/press/news ru-ru rss_generator Fri, 07 Aug 2026 12:17:07 +0300 /media/img/logo.png / <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />The 5th Summer Project School for students of the &lsquo;Rosneft Classes&rsquo; has been launched at the University Gymnasium of Lomonosov Moscow State University</p> Thu, 16 Jul 2026 11:58:00 +0300 https://www.rosneft.com/press/news/item/224497/ <p>The 5th Summer Project School for students of the &lsquo;Rosneft Classes&rsquo; has been launched at the University Gymnasium of Lomonosov Moscow State University. Eighty Year 10 students of the &lsquo;Rosneft Classes&rsquo; from 13 regions of Russia have commenced their studies. Participants were selected through a competitive process based on the results of a multi-stage assessment and a distance learning course.</p> <p>The Summer School is a joint project between Rosneft and MSU aimed at supporting talented young people. <img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_16072026_02.jpg" />The programme is designed to provide students with a foundation in research, as well as practical skills in teamwork and project implementation across Rosneft&rsquo;s key areas of activity.</p> <p>Over the course of two weeks, the students will work in groups specialising in four areas: mathematics, engineering, geology and natural sciences, and will also take part in various soft skills training sessions and creative workshops.</p> <p>The career guidance track aims to foster a desire to build a professional career at Rosneft&rsquo;s enterprises among programme participants. <img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_16072026_03.jpg" />To familiarise themselves with the Company&rsquo;s activities, the students will visit Rosneft&rsquo;s Arctic Research Centre and the laboratories of the Joint Research and Development Centre (RN-CIR Ltd), as well as relevant faculties and museums at Lomonosov Moscow State University and the Gubkin Russian State University of Oil and Gas. At the end of the Summer Project School, the students will present their projects.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>For reference:</strong></p> <p>In order to build an external talent pool and ensure a steady influx of highly educated young specialists into the Company, Rosneft established the &lsquo;School &ndash; University &ndash; Enterprise&rsquo; corporate system of continuing education in 2005. Currently, with the Company&rsquo;s support, more than 3,000 school students from 20 regions across the country are studying in the &lsquo;Rosneft Classes&rsquo;. The curriculum features in-depth study of mathematics, physics, chemistry and computer science, delivered by the best teachers.</p> </div> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />July 16, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/unity.png" />Tyumenneftegaz (part of Rosneft's oil production complex) has awarded a grant to develop educational materials for learning the Tundra Nenets language</p> Wed, 15 Jul 2026 11:41:00 +0300 https://www.rosneft.com/press/news/item/224474/ <p>Tyumenneftegaz (part of Rosneft's oil production complex) has awarded a grant to develop educational materials for learning the Tundra Nenets language. The objective of this initiative is to preserve the cultural heritage, traditions and unique language of one of the indigenous peoples of the North.</p> <p>The research and development of teaching materials will be carried out by specialists from the Department for the Affairs of the Indigenous Peoples of the Yamal North, in collaboration with the Association of Teachers of the Native Languages and Literatures of the Indigenous Peoples of the North, Siberia and the Far East of Russia.</p> <p>As part of the project, the Argish of Knowledge educational game set will be designed for pre-school and school-age children. For the nomads of the North, the argish is not merely a traditional means of transport &ndash; a caravan of reindeer-drawn sledges &ndash; but the foundation of life and survival in the tundra.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/13/pic_15072026_02.jpg" />The set's play-based format has been selected as the primary method for children to learn the vocabulary of the Tundra Nenets. The Argish of Knowledge will consist of cards covering key concepts relating to the daily life, way of life and natural environment of the inhabitants of the Yamal North. This approach will enable children to learn the names of objects and characters, as well as fostering the development of authentic pronunciation skills, which are crucial for preserving the language. The materials will also comprise an educational brochure, which will include the alphabet, a concise history of the people, and an explanation of their traditions.</p> <p>Following approval by the relevant authorities, the material will be used in extracurricular programmes at national boarding schools in Yamal.</p> <p>The project is being implemented during the Year of Unity of the Peoples of Russia. Rosneft is consistently implementing projects that enhance the quality of life in the tundra. These projects encompass educational programmes, medical care and the conservation of the indigenous environment. The Company is committed to enhancing the quality of life for indigenous communities in the North who reside in the regions where the Company operates.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />July 15, 2026</strong></p> <p>Scientists have completed their research into the fish fauna of the Yenisey River estuary</p> Fri, 10 Jul 2026 11:45:00 +0300 https://www.rosneft.com/press/news/item/224475/ <p>Scientists have completed their research into the fish fauna of the Yenisey River estuary. Rosneft's Tamura corporate programme provided support for the expedition. The studies concluded the series of fieldwork conducted as part of the environmental programme.</p> <p>The Tamura project was launched in 2024 and is scheduled to run until 2027. Scientists are studying the Kara subpopulation of polar bears, wild reindeer and valuable species of birds and fish in western Taymyr. The data collected will help update information on the condition of key fauna species in the Far North.</p> <p>The primary objective of the new expedition was to study the current state of the fish fauna in the estuary of the Yenisey River and its food supply during the summer.</p> <p>The expedition assembled leading researchers from the Lomonosov Moscow State University Centre for Marine Research, the Murmansk Marine Biological Institute of the Russian Academy of Sciences, and Rosneft's Arctic Research Centre. Specialists conducted a biological assessment of the Yenisey&rsquo;s most widespread and precious fish species, including muksun, whitefish, and omul.</p> <p>The first stop for the expedition was the most remote net-setting station in the Tanalau River area. The research vessel proceeded along the Yenisey, concluding its journey in Dudinka. In total, the scientists completed work at six stations, and the expedition covered a distance of over 500 kilometres. The work was conducted in a number of areas, including the main riverbed itself, as well as the major branches &ndash; Ushakov and Tolstaya Zemlya &ndash; and its tributaries, including the Bolshaya Kheta, Tanalau and Muksunikha.</p> <p>Key size and weight indicators, as well as feeding characteristics, were determined for each species. This data will make it possible to evaluate the condition of the fish during their feeding migrations, assess their habitat conditions, and significantly complement the findings obtained during the 2025 studies.</p> <p>In addition, the research team attended the Fisherman's Day celebrations in the Nosok settlement on the banks of the Ushakov branch. Ichthyologists carried out a comprehensive biological analysis of the fish caught during the Taymyr Fishermen competition, and also interviewed local residents to gather information about their catches &ndash; fish numbers, species diversity and catch dynamics over the last few years.</p> <p>Once the fieldwork has been completed, the collected samples, including scales and fins, will be sent to specialist laboratories for office analysis. As fish grow, annual growth rings form on their scales and fins. These rings can be used to determine the age of the fish and reconstruct the characteristics of their individual growth. To evaluate the species composition of the fish, molecular genetic testing of water samples will be conducted.</p> <p>The initial stage of work studying the Yenisey River's precious fish species in 2025 comprised a comprehensive suite of research, including an assessment of the population status of the most precious fish species and the environmental conditions of their habitats, but during the autumn period. Scientists covered over 600 km of the Yenisey estuary, including its most vital and major tributaries&mdash;the Bolshaya Kheta, Pelyatka, Dudinka, Tanalau, and Muksunikha rivers.&nbsp; A biological analysis of the fish was performed in an on-board laboratory. Research locations were selected following a review of ichthyological and hydrobiological studies published over the past 90 years.</p> <p>Rosneft pays special attention to biodiversity conservation, implementing the most extensive Arctic research programme since Soviet times. Since 2012, 65 expeditions have been conducted, during which scientists have studied the hydrometeorological, geological, and biological features of the region. It has been the source of a unique body of information on Arctic climate, nature and wildlife.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />July 10, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/unity.png" />In anticipation of the Day of Family, Love and Fidelity, the Company's enterprises organised themed events that brought staff and their families together for sports tournaments, volunteering initiatives and educational excursions to their local areas</p> Wed, 08 Jul 2026 16:11:00 +0300 https://www.rosneft.com/press/news/item/224477/ <p>In anticipation of the Day of Family, Love and Fidelity, the Company's enterprises organised themed events that brought staff and their families together for sports tournaments, volunteering initiatives and educational excursions to their local areas.</p> <p>As part of the Year of Unity of the Peoples of Russia, proclaimed by the President, a series of festive events were held across the country. The family provides a solid foundation, a source of inspiration and support, which helps us to achieve professional success. This day emphasises the importance of family values and embodies respect for the country's traditions and culture.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_08072026_2.jpg" />As part of the initiatives organised to mark the holiday, the Company's staff and their families organised numerous events across the country. Oil workers cleaned up and decorated the grounds of children&rsquo;s community centres with flower beds, laid cedar-lined avenues and planted ornamental shrubs in public spaces. They organised clean-up days at water bodies, with separate waste collection, and participants using SUP boards cleared the water and the shoreline. In addition, employees used recycled materials to create art installations.</p> <p>As part of the festive celebrations, charitable events were organised to support large families and children in care: they were gifted with clothes, toys, stationery and board games.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_08072026_3.jpg" />One of the primary subjects of the event was the importance of generational continuity. At Orenburgneft, the focus of the holiday centred on the industry: the children of oil workers and representatives of family dynasties visited the chemical analysis laboratory and the training ground. The young guests gained valuable insights into their parents' occupation and discovered some interesting facts about the history and development of the industry. They were even given the opportunity to undertake a drilling simulation.</p> <p>Kharampurneftegaz employees and their families participated in educational excursions to local history museums in Tyumen and Ufa, as well as to the Kharampur national village in the Yamalo-Nenets Autonomous District. During the visit, guests had the opportunity to understand how the customs of the forest Nenets encourage cooperation in the challenging environment of the North. In Pskov, RN-North-West volunteers organised a games marathon: teams in traditional costumes competed in agility and reaction speed in Karelian games and other traditional pastimes.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_08072026_4.jpg" />One of Rosneft&rsquo;s key priorities is to foster the wellbeing of employees and their families. The Company's enterprises provide social support measures aimed at strengthening the family and supporting parents with many children. The benefits package includes programmes for the health and leisure of staff, the promotion of physical activity and sport amongst employees and their families, the provision of educational loans, and a private pension scheme.</p> <p>Rosneft is committed to providing support for families with many children. The Company's subsidiaries offer additional paid leave and payments upon the birth of a child. By the end of 2025, nearly 15,000 families had enhanced their living standards through participation in the corporate mortgage initiative.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_08072026_5.jpg" />The Company focuses on delivering medical support and fostering of the health of its employees and their families. By the end of 2025, over 300,000 workers were covered by voluntary health insurance policies. The Company conducts regular corporate medical screenings. In addition, Rosneft is enhancing its healthcare system, including the introduction of modern technologies to provide emergency and routine medical care to staff, and is developing a corporate telemedicine service at industrial and remote sites.</p> <p>A key part of Rosneft's social policy is its commitment to supporting corporate volunteering initiatives. Over 108,000 of the Company&rsquo;s employees are taking part in the Platform of Good Deeds programme. In 2025, the programme provided assistance to over 17,000 children. As part of the Energy of Life corporate sports and wellness initiative, the Company regularly organises various competitions and training sessions for its employees and their families. In 2025, over 96,000 employees of the Company and around 21,500 of their family members participated in these events.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />July 8, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Rosneft's Scientific Institute organised the 19th conference for young professionals in the Science and Gas Business sectors in Tyumen</p> Wed, 01 Jul 2026 16:17:00 +0300 https://www.rosneft.com/press/news/item/224478/ <p>Rosneft's Scientific Institute organised the 19th conference for young professionals in the Science and Gas Business sectors in Tyumen. A total of 130 innovators from the Company's enterprises presented the projects.</p> <p>Projects involving information technology and the application of artificial intelligence in the oil and gas sector were the primary focus of the participants' attention. Experts from the Tyumen research institute have proposed a methodology involving neural network analysis for the purpose of accurately estimating oil and gas reserves. By comparing seismic survey data with geophysical well log data, the neural network improves the accuracy of the geological model by 10&ndash;20%, even under challenging geological conditions. The methodology has already been tested at several of the Company's fields and has proven its efficiency.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_01072026_2.jpg" />An AI assistant project was also recognised for its innovative approach, utilising specialised algorithms to automate the planning and optimisation of drilling programmes for fields in the late stages of development. When testing was conducted using data from drilled wells, the digital assistant demonstrated an accuracy rate exceeding 80%, thus underlining its high reliability. This intelligent solution offers a number of key benefits, including the ability to calculate flow rate more quickly, facilitate well placement planning, and conduct a technical and economic assessment of field development.</p> <p>Experts from the Ufa research institute have unveiled an online service for the digitalisation of production processes involved in the interpretation of hydrodynamic well studies, including the use of machine learning methods. The programme automatically collects and processes data from oil wells and ranks those wells where geological and engineering measures are required to increase oil production. By the end of 2025, this technology had increased the number of studies conducted at RN-Yuganskneftegaz's fields without requiring additional resources. The efficiency of geological and engineering measures has increased by 5%.</p> <p>In addition to innovative ideas in the field of smart technologies, the young professionals presented over 100 projects in the following subject areas: geology and geological exploration, well and rock research, hydrogeology, the exploration of gas and gas condensate fields, and scientific experiments.</p> <p>An employee of a research institute based in Moscow has developed a method for optimising the industrial gas drying process. In order to achieve this objective, he proposed an approach combining the calculation of the plant's operating parameters (material and heat balances of the flows) with computational fluid dynamics (CFD) modelling. Adopting this approach has significantly increased the average service life of the plant prior to its scheduled major overhaul and reduced operating costs by a factor of 6.5.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_01072026_3.jpg" />A specialist at Rosneft's research institute in Krasnoyarsk has developed two new methods for interpreting seismic data. These methods improve the accuracy of predictions regarding the reservoir properties of rocks by 30%. These new methods have been recommended for implementation in fields in Eastern Siberia.</p> <p>An expert panel has selected the technological solutions with the greatest potential for implementation within the industry. The winners of this conference stage will present their projects in Moscow. Over the two decades that such conferences have been held, young professionals from the Company's enterprises have presented over 4,000 projects, a quarter of which were recommended for implementation in production and generated economic benefits exceeding 5.6 billion roubles.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />July 1, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Supported by Rosneft, a scientific expedition studying precious fish species in the Yenisey River has set sail from the Port of Dudinka</p> Tue, 30 Jun 2026 16:21:00 +0300 https://www.rosneft.com/press/news/item/224479/ <p>Supported by Rosneft, a scientific expedition studying precious fish species in the Yenisey River has set sail from the Port of Dudinka. The research will mark the conclusion of the fieldwork carried out under the Company's Tamura corporate environmental programme.</p> <p>The Tamura project was launched in 2024 and is scheduled to run until 2027. Scientists are studying the Kara subpopulation of polar bears, wild reindeer and valuable species of birds and fish in western Taymyr. The data collected will help update information on the condition of key fauna species in the Far North.</p> <p>The Taimyr Peninsula expedition assembled leading researchers from the Lomonosov Moscow State University Centre for Marine Research, the Murmansk Marine Biological Institute of the Russian Academy of Sciences, and Rosneft's Arctic Research Centre.</p> <p>The primary objective of the new expedition is to study the present state of the Yenisey River estuary's ichthyofauna during the summer period, along with its food base&mdash;phyto- and zooplankton communities, as well as macrozoobenthos. Specialists will conduct a biological assessment of the Yenisey&rsquo;s most widespread and precious fish species, including muksun, whitefish, and omul. Key size and weight indicators, as well as feeding characteristics, will be determined for each species. This data will make it possible to evaluate the condition of the fish during their feeding migrations, assess their habitat conditions, and significantly complement the findings obtained during the 2025 studies.</p> <p>Following the completion of the field stage, the collected materials will be sent to specialised laboratories for desk study and data analysis. To evaluate the species composition of the fish, molecular genetic testing of water samples will be conducted.</p> <p>The initial stage of work studying the Yenisey River's precious fish species in 2025 comprised a comprehensive suite of research, including an assessment of the population status of the most precious fish species and the environmental conditions of their habitats, but during the autumn period. Scientists covered over 600 km of the Yenisey estuary, including its most vital and major tributaries&mdash;the Bolshaya Kheta, Pelyatka, Dudinka, Tanalau, and Muksunikha rivers. A biological analysis of the fish was performed in an on-board laboratory. Research locations were selected following a review of ichthyological and hydrobiological studies published over the past 90 years.</p> <p>Rosneft pays special attention to biodiversity conservation, implementing the most extensive Arctic research programme since Soviet times. Since 2012, more than 60 expeditions have been conducted, during which scientists have studied the hydrometeorological, geological, and biological features of the region. It has been the source of a unique body of information on Arctic climate, nature and wildlife.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 30, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Staff at Rosneft's enterprises participated in Youth Day, a nationally recognised holiday in Russia</p> Mon, 29 Jun 2026 17:15:00 +0300 https://www.rosneft.com/press/news/item/224481/ <p>Staff at Rosneft's enterprises participated in Youth Day, a nationally recognised holiday in Russia. The Company's employees organised a series of events focused on professional and personal development, as well as sporting and environmental activities, in support of the Year of Unity of the Peoples of Russia.</p> <p>Young professionals and workers from Orenburgneft participated in a clean-up operation of the area around the Arboretum in the Buzuluk Forest and took part in a series of themed quiz games. Other highlights in the run-up to the celebrations included the enterprise's staff taking part in the &ldquo;Together We Are Russia&rdquo; corporate festival and the youth gathering, both organised to mark the Year of Unity of the Peoples of Russia.</p> <p>In Nizhnevartovsk, Samotlorneftegaz played an active part in organising Youth Week. The oil workers organised a variety of workshops, sporting activities and an intellectual games club for the visitors. In Victory Park, which has been refurbished as part of an agreement between Rosneft and the Yugra government, the enterprise's staff organised a music and dance event called &ldquo;Party to the Records&rdquo;. In addition, oil workers established an exhibition area, showcasing examples of innovative technology and industrial equipment from the Samotlor field. For younger visitors, a creative area was set up where children could colour in cubes depicting the culture and history of the peoples of Russia.</p> <p>One of the most significant voluntary initiatives implemented by young professionals in corporate research institutes in Ufa is the &ldquo;Social Tutor&rdquo; programme. Young oil workers are offering free tuition to schoolchildren from low-income families, and the number of childre has now exceeded 200.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_29062026_2.jpg" />A group of young professionals from the Saratov Oil Refinery organised a cycle ride in the Kumysnaya Polyana Nature Park. The young specialists invited refinery employees and their families to participate in a sports challenge. Guided by professional instructors, the participants completed a 15-kilometre cycling route, navigating routes of varying difficulty. The Syzran Oil Refinery employees participated in the city's Youth Day celebrations. One of the interactive platforms organised by oil workers proved particularly popular &ndash; the facility's mobile environmental laboratory, equipped with cutting-edge equipment for environmental monitoring. Laboratory technicians at the refinery demonstrated their process for taking air samples and analysing them for key parameters. The event provided an opportunity for all participants to put their skills to the test as laboratory assistants specialising in ecology.</p> <p>Kharampurneftegaz employees organised workshops as part of the Tyumen city festival. Young oil workers trained guests to cook traditional dishes from across Yamal, and also organised competitions in weightlifting, badminton and table tennis.</p> <p>Tyumenneftegaz organised a music quiz for its young staff, the enterprise's mentors and activists from the Tyumen Region Students' Council.</p> <p>In collaboration with volunteers from the Movement of the Firsts, staff from Taas-Yuryakh Neftegazodobycha undertook the renovation of the grounds and painting of enclosures at the Orto-Doidu Zoo in the Khangalassky District of Yakutia &ndash; the home of polar bears under the care of Rosneft.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_29062026_3.jpg" />In the Khabarovsk Region, the Komsomolsk Oil Refinery set up a careers guidance stand at the city festival. Young residents of Komsomolsk-on-Amur were given the opportunity to familiarise themselves with the industry's required professions, observe some fascinating chemistry experiments and try on the special clothing worn by factory workers.</p> <p>Rosneft's enterprises are committed to the regular implementation of various initiatives and programmes. These are aimed at developing the younger generation, fostering patriotism and an active approach to life. The enterprises also engage in systematic cooperation with the national Movement of the Firsts.</p> <p>The Company's human resources policy is centred on the steady influx of professionally trained young people and the swift and effective integration of these individuals into enterprises. In order to address issues in youth policy, the Company operates a corporate education system known as &ldquo;School&ndash;College/University&ndash;Enterprise&rdquo;. This system enables Rosneft to build up an external talent pool comprising students from schools and universities in the regions where it operates. In 2025, the Company organised over 950 events to provide career guidance, including seminars, enterprise tours, meetings with young professionals, thematic quests and quizzes. Partner schools participate in a programme of pre-specialisation education for schoolchildren in grades 5&ndash;8. The programme involves 660 school classes.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_29062026_4.jpg" />A fundamental aspect of youth policy is the identification, encouragement and support of gifted schoolchildren. Encouraging students to participate in academic competitions is an effective way of achieving this goal. In the 2024/2025 academic year, 930 students participated in subject-based competitions at various levels, with 373 of them declared winners or awarded prizes.</p> <p>The Company is committed to the professional development of young people: by providing opportunities for professional development, organising youth-focused scientific and practical conferences and professional skills competitions, as well as large-scale hackathons. In June 2026, the 19th cluster conference for young professionals was held, bringing together 1,300 young employees from nine enterprises. The event featured 67 specialist sections where attendees presented their research projects. Rosneft is creating opportunities for young people's professional and personal development, thereby laying a solid foundation for the future of the country's oil industry.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 29, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Regional stages of the 21ST Rosneft Summer Sports Games were held in Krasnoyarsk, Moscow and Ufa, with 22 teams and over 860 athletes taking part</p> Fri, 26 Jun 2026 12:04:00 +0300 https://www.rosneft.com/press/news/item/224498/ <p>Regional stages of the 21ST Rosneft Summer Sports Games were held in Krasnoyarsk, Moscow and Ufa, with 22 teams and over 860 athletes taking part.</p> <p>The oil industry workers competed in mini-football, volleyball, basketball, two-event powerlifting, table tennis, chess, kettlebell lifting, shot put, running, billiards, rifle shooting, tug-of-war, darts and swimming. Following the competitions, the winners in the individual and team events were announced, and they received their well-deserved medals and trophies.</p> <p>The games in Krasnoyarsk were organised by RN-Vankor, the largest oil production enterprise in the Krasnoyarsk Territory. <img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_26062026_02.jpg" />This year&rsquo;s spectacular and large-scale tournament saw the participation of athletes from the Company&rsquo;s subsidiaries in Krasnoyarsk, Irkutsk, Novy Urengoy and Yuzhno-Sakhalinsk.</p> <p>In the team evaluation, the Angarsk Petrochemical Company (Angara) team emerged as the undisputed leader of the games at the Krasnoyarsk venue, with Verkhnechonskneftegaz taking second place and the Sakhalinmorneftegaz-Shelf team finishing third.</p> <p>In Moscow, the teams from the oil and gas production companies Uvatneftegaz and Udmurtneft, <img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_26062026_03.jpg" />as well as the team from the RN-Proektirovanie Dobycha research institute, confidently secured their places in the final stage of the Summer Sports Games.</p> <p>Athletes from Bashneft, RN-Transport, Bashneft-Stroy, and RN-Technologies competed in Ufa. The top three teams remained the same as last year. Bashneft-Pererabotka took first place again, taking top spots in all sports. Ufaorgsintez improved its performance, taking second place, while Bashneft-Dobycha, which won silver a year ago, ranked last among the medalists this time.</p> <p>The winners of the regional stages will face each other in the finals, which will take place this autumn, to determine the top athletes of the 21ST Summer Games.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_26062026_04.jpg" />Supporting mass, professional, and corporate sports, as well as promoting a healthy lifestyle, is one of Rosneft&rsquo;s key priorities. The Company creates facilities for its employees to engage in physical activity, develops sports infrastructure, and organizes large-scale competitions in the regions where it operates. Winter and Summer Sports Games, regular training sessions, and corporate tournaments help employees improve their health, foster team spirit, and achieve high results both in sports and in their professional careers.</p> <table align="center" style="width: 100%;" border="0"> <tbody> <tr> <td><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_26062026_05.jpg" /></td> <td><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_26062026_06.jpg" /></td> </tr> </tbody> </table> <p></p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 26, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />RN-Yuganskneftegaz, a key production asset of Rosneft, has released 200,000 Siberian sturgeon fry into the waters of the Irtysh river</p> Thu, 25 Jun 2026 17:23:00 +0300 https://www.rosneft.com/press/news/item/224482/ <p>RN-Yuganskneftegaz, a key production asset of Rosneft, has released 200,000 Siberian sturgeon fry into the waters of the Irtysh river. The species is included in the Red Book. The only way to remove it from the endangered species list is through artificial breeding.</p> <p>On request from RN-Yuganskneftegaz, a fish farm in Yugra incubates black caviar and rears fish fry for one and a half months. When the fry are released, they are counted and weighed; each must weigh at least three grams. Along with the oil industry workers, scientists and specialists from the Federal Agency for Fishery and the Federal Service for Supervision of Natural Resources are also participating in the fish stocking process.</p> <p>The chosen location for the release of fish fry into the river was near the village of Bobrovsky in the Khanty-Mansiysky District. Easy access to the river, gentle currents, water quality and temperature were all taken into account of this choice. Experts note that the survival rate of fry in the wild exceeds 80%. It used to take approximately ten years for the sturgeon to reach spawning age. With recent climate changes, the water is getting warmer which allows fish to spawn at an earlier age.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_25062026_2.jpg" />This year&rsquo;s first release of sturgeon fry is just the start of RN-Yuganskneftegaz&rsquo;s major environmental programme to replenish aquatic biological resources. The release of the fry of particularly valuable species &ndash; sterlet sturgeon, nelma and muksun &ndash; into the rivers of the Ob-Itrysh basin is planned during the summer season. RN-Yuganskneftegaz is progressively implementing a comprehensive environmental protection programme. Over the past three years, over 18.8 million of valuable fish species' fry was released into the rivers of Yugra.</p> <p>Environmental protection and conservation for future generations is an integral part of Rosneft&rsquo;s corporate culture. The Company&rsquo;s operations are aimed at improving the environmental sustainability of its production and reducing environmental impact. Rosneft has been working consistently to preserve biological diversity and replenish the country's aquatic bio-resources.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>For reference:</strong></p> <p>RN-Yuganskneftegaz is a key oil production asset of Rosneft. The enterprise is developing deposits in the Khanty-Mansi Autonomous District&ndash;Yugra, covering a total area of over 21,000 km&sup2;.</p> </div> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 25, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Rosneft's enterprises operating in the Irkutsk Region and the regional government have signed a partnership agreement to establish the &ldquo;Chemical Industry&rdquo; Education and Production Cluster as part of the federal &ldquo;Professionality&rdquo; project</p> Mon, 22 Jun 2026 17:29:00 +0300 https://www.rosneft.com/press/news/item/224483/ <p>Rosneft's enterprises operating in the Irkutsk Region and the regional government have signed a partnership agreement to establish the &ldquo;Chemical Industry&rdquo; Education and Production Cluster as part of the federal &ldquo;Professionality&rdquo; project.</p> <p>The cluster is being established on the basis of three technical colleges in Angarsk: the Polytechnic College, the Industrial College, and the College of Advertising and Industrial Technologies. The objective of this initiative is to strengthen the talent pool within the petrochemical industry. The federal project's industrial partners include four Rosneft enterprises: the Angarsk Petrochemical Company, the Angarsk Polymers Plant, the Angarsk Catalysts and Organic Synthesis Plant, and RN-RemStroyEngineering.</p> <p>The &ldquo;Chemical Industry&rdquo; cluster will provide the Company's enterprises with training for skilled workers in 11 specialisms and over 30 occupations, with a total of over 1,200 trainees and up to 400 specialist graduates per year.</p> <p>Experts, skilled workers and mentors from Rosneft's enterprises will participate in the modernisation of the teaching resources and facilities at secondary vocational education institutions in Angarsk. This will enhance the learning experience for students by developing practical skills in state-of-the-art laboratories and at enterprises' production sites. This will raise the standard of training for future specialists and give them a competitive advantage in their careers.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_22062026_2.jpg" />Rosneft's enterprises are among the Irkutsk Region's leading employers. The partnership agreement represents a significant development in the efforts to strengthen cooperation with educational institutions in Angarsk, particularly with our long-standing partner, the Angarsk Polytechnic College.</p> <p>As part of its corporate system of lifelong learning, &ldquo;School&ndash;College/University&ndash;Enterprise&rdquo;, Rosneft collaborates with 206 educational institutions. These include 84 Russian and international universities, 66 colleges, and 56 schools. Since 2005, the programme has aimed to build an external talent pool from among school pupils and students in the regions where the Company operates.</p> <p>As a reliable industrial partner, the Company is actively involved in the development of the flagship project for secondary vocational education &ndash; the federal &ldquo;Professionality&rdquo; project. Between 2022 and 2025, Rosneft sponsored the creation of eight &ldquo;Professionality&rdquo; education and industry clusters.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 22, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />In 2025, RN-Vankor (part of Rosneft&rsquo;s oil and gas production complex) achieved an energy saving effect of over 55 million kWh through the implementation of its energy conservation programme measures</p> Tue, 16 Jun 2026 16:23:00 +0300 https://www.rosneft.com/press/news/item/224480/ <p>In 2025, RN-Vankor (part of Rosneft&rsquo;s oil and gas production complex) achieved an energy saving effect of over 55 million kWh through the implementation of its energy conservation programme measures.</p> <p>This result was achieved through the introduction of new technologies, the use of highly efficient equipment, and the optimisation of operating modes for surface and bottomhole pumping units. In total, approximately 700 measures were implemented in 2025 under the Mechanized Extraction programme. Equipping oil-producing wells with higher-efficiency pumps combined with low-load electric motors and optimal cross-section cables yielded an energy-saving effect of 31 million kWh.</p> <p>Switching the separators of the FWKO South unit at the Vankorskoye field to cold separation mode&mdash;thereby reducing the load on heating equipment&mdash;saved approximately 7 thousand metric tons of standard fuel equivalent.</p> <p>An effective Energy Management System, the rational use of energy resources, and reduced energy consumption have enabled RN-Vankor to rank first in energy efficiency among Rosneft&rsquo;s oil and gas production enterprises for the fifth consecutive time. RN-Vankor&rsquo;s energy management system is certified under the national standard GOST R ISO 50001:2023.</p> <p>Improving process energy efficiency and implementing high-tech solutions have been integral to RN-Vankor&rsquo;s operations since the start of development at the Vankorskoye field in the north of the Krasnoyarsk Territory. The effect of the Energy Saving Programme implemented by the enterprise since 2014 has exceeded 692 million kWh of electricity, amounting to 1.77 billion rubles in monetary terms.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 16, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/unity.png" />RN-Yuganskneftegaz (Rosneft's largest oil production asset) is implementing an educational programme called &ldquo;The Source of Knowledge: From Traditions to the Future&rdquo; in partnership with the Quantorium children's technology park</p> Wed, 10 Jun 2026 12:44:00 +0300 https://www.rosneft.com/press/news/item/224485/ <p>RN-Yuganskneftegaz (Rosneft's largest oil production asset) is implementing an educational programme called &ldquo;The Source of Knowledge: From Traditions to the Future&rdquo; in partnership with the Quantorium children's technology park. The project is designed to combine cutting-edge engineering expertise with the region's ethnocultural heritage, offering young people living in remote areas access to valuable IT skills.</p> <p>The Ugut Boarding School, a leading educational institution in the region, provides year-round accommodation and a structured education programme from September to May for children from the indigenous peoples of the North, served as the pilot site for the educational initiative.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_10062026_03.jpg" />The programme's first substantive module provided students with an in-depth introduction to 3D modelling technologies. Guided by an experienced mentor, the students mastered the fundamental principles of engineering design and created their first 3D digital models.</p> <p>The skills acquired are key both for choosing a promising career in IT, engineering or architecture, and for their practical value in the day-to-day running of remote family estates. For instance, the young residents of the settlements can design and make their own fishing and hunting equipment, which is indispensable in a traditional way of life.</p> <p>Following the conclusion of the school year, when students return home, they will be able to continue their studies. Indigenous children can now access online classes from their camps. <img style="margin: 5px; float: left;" src="/upload/site2/attach/0/20/05/pic_10062026_04.jpg" />They will work with the teachers and students of the summer engineering camp based at Quantorium to develop their own projects. The educational programme will conclude with an exhibition of collaborative works and achievements.</p> <p>An integral part of the initiative is the creation of a fully-fledged distance learning environment to be established directly within family farmlands. Oil workers will equip the camps participating in the training programme with a specialised hardware and software package, comprising high-precision 3D printers, consumables and a laptop with broadband internet access. This solution provides ongoing access to the resources of the children's technology park and will enable students to take part in joint engineering and cultural and educational activities on an equal footing with their peers in the city, regardless of the time of year or how far away they live.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 10, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Bashneft (Rosneft subsidiary) has allocated 6.9 billion roubles for environment-oriented projects in 2025</p> Tue, 09 Jun 2026 12:49:00 +0300 https://www.rosneft.com/press/news/item/224486/ <p>Bashneft (Rosneft subsidiary) has allocated 6.9 billion roubles for environment-oriented projects in 2025. The funds were allocated to finance specific environmental programmes and the conservation of biodiversity.</p> <p>The implementation of Bashneft's gas programme resulted in an associated petroleum gas utilisation rate of 96.1% in 2025, surpassing the statutory minimum of 95%.</p> <p>Another pivotal aspect of Bashneft's environmental protection efforts is its initiative to enhance the reliability of its pipelines. In addition to the proactive replacement of pipes, in 2025 a pipeline made of composite materials was commissioned for the first time in Bashkortostan. The use of plastic pipes instead of traditional steel ones significantly improves the environmental and industrial safety of pipelines, as well as the efficiency of oil transport.</p> <p>The environmental departments of Bashneft monitor the environment on a consistent basis. In 2025, they took and analysed over 168,000 air, water and soil samples. The enterprise also operates two automated air quality monitoring stations in a residential area in the northern part of Ufa to monitor the city's environmental conditions.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/20/05/pic_09062026_07.jpg" />Bashneft continued to implement measures to conserve biodiversity in the regions where it operates. Over 323,000 fry of salmon and sturgeon species were released into water bodies across the Republic of Bashkortostan, Tatarstan, the Khanty-Mansi Autonomous District&ndash;Yugra, and the Nenets Autonomous District.&nbsp; In the Republic of Bashkortostan and the Tyumen Region, 255,000 pine and spruce seedlings were planted over an area of over 73 hectares.</p> <p>One of Rosneft's major environmental projects is the biological treatment plant at the Ufa Group of Oil Refineries. They ensure the complete treatment of industrial, storm water and domestic sewage. Membrane bioreactor technology removes all impurities and microorganisms from wastewater. As a result, the water quality meets the standards for fishery water bodies. In 2025, the treatment facilities processed over 23 million cubic metres of sewage, which resulted in the volume of water reused in industrial processes being increased by 2.5 times.</p> <p>Environmental protection and conservation for future generations is an integral part of Rosneft&rsquo;s corporate culture. The Company&rsquo;s operations are aimed at improving the environmental sustainability of its production and reducing environmental impact.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>For reference:</strong></p> <p>Bashneft is one of the oldest oil and gas enterprises in the country engaged in oil extraction and processing. The key assets of Bashneft, including the refinery and petrochemical complex, are located in the Republic of Bashkortostan.</p> <p>Oil and gas exploration and production are also carried out in Khanty-Mansi Autonomous District &mdash; Yugra, Nenets Autonomous District, Orenburg Region and the Republic of Tatarstan.</p> </div> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 9, 2026</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/unity.png" />Rosneft's Samara Group of Enterprises conducted a major campaign to clean up and improve the condition of springs in the Samara Region</p> Mon, 08 Jun 2026 09:43:00 +0300 https://www.rosneft.com/press/news/item/224490/ <p>Rosneft's Samara Group of Enterprises conducted a major campaign to clean up and improve the condition of springs in the Samara Region. The campaign is dedicated to the Year of Unity of the Peoples of Russia, and the Kinelsky District has been chosen as the venue, as it is the most ethnically diverse area in the region, home to representatives of 43 nationalities. This environmental initiative is taking place for the tenth time this year, with the support of the Samara Region's Ministry of Forestry, Environmental Protection and Natural Resource Management.</p> <p>It is estimated that the Samara Region currently has over 1,500 springs. They are vital in ensuring the region's residents have access to clean drinking water, as they replenish water bodies, maintain the natural water balance and ensure the functioning of all ecosystems. The conservation of these resources is of great importance for the region as a whole, socially and environmentally.</p> <p>Employees of Samaranneftegaz, the Novokuybyshevsk Oil Refinery, the Kuybyshevsk Oil Refinery, the Novokuybyshevsk Petrochemical Company and the Novokuybyshevsk Oil and Additives Plant have restored two historic springs, which have been known since the early 18th century. The first of these is the Holy Spring in the Bogdanovka village, which is located adjacent to a bathing area and a chapel dedicated to the Venerable Seraphim of Sarov. This scenic location is popular with the local population, as well as pilgrims and tourists. The second one is the Barsky Spring, which is renowned for the exceptional quality of its water and serves as a vital natural water source for the nearest settlements.</p> <p>As part of the campaign, volunteers cleared the surrounding areas of rubbish and dead wood, tidied up the gazebos, bathing pools and paths leading down to the water, and put up information boards. The selection of spring water samples for laboratory analysis was a key stage of the campaign. Based on the results, official guidelines on water use will be established for residents across the region. This ensures that the restored springs are not only aesthetically pleasing but also safe for domestic use.</p> <p>To commemorate the Year of Unity among the Peoples of Russia, volunteers organised an Encyclopaedia of Our Native Land educational quiz. The participants gained valuable insights into the history, culture and customs of the region's ethnic groups and peoples, as well as notable figures connected with the Samara Region.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>For reference:</strong></p> <p>For many years, Rosneft&rsquo;s Samara Group of Enterprises has been carrying out consistent work to replenish the Volga basin's aquatic biological resources. In 2025 alone, almost 370,000 fry of valuable and commercially important fish species were released into the Volga.</p> <p>Oil workers at the Company actively participate in environmental initiatives every year to clean up coastal areas, rivers and springs, and to restore and improve natural water sources and the surrounding areas. These initiatives include &ldquo;Water of Russia&rdquo;, &ldquo;Green Spring&rdquo;, &ldquo;Springs of the Samara Region&rdquo;, &ldquo;Volga Day&rdquo; and others.</p> </div> <p align="right"><strong>Department of Information and Advertising<br />Rosneft<br />June 8, 2026</strong></p> <p>The Energy Panel was held within the framework of the XXIX St. Petersburg International Economic Forum</p> Sat, 06 Jun 2026 18:14:27 +0300 https://www.rosneft.com/press/news/item/224256/ <p>The Energy Panel was held within the framework of the XXIX St. Petersburg International Economic Forum. Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security Igor Sechin presented the keynote report "The Beginning of the End or the End of the Beginning: What&rsquo;s left at the Bottom of Pandora's Box?".</p> <p>During the speech, a comprehensive analysis of the current situation in global energy markets and the global economy as a whole was presented, as well as a forecast for the development of the industry against the backdrop of growing systemic risks.</p> <p>The moderator of the discussion, renowned American journalist and RT TV channel host Rick Sanchez, noted that Igor Sechin's speeches at SPIEF are invariably distinguished by the depth of expert assessments, the boldness of forecasts, uncompromising nature, and unwavering reliance on fundamental analysis. <img style="margin: 5px; float: right;" src="/upload/site2/attach/0/08/pic_06062026_06.jpg" />According to him, Igor Ivanovich's reports rightfully become the subject of the closest attention from the international industry community, leading mass media, and a wide range of professionals on both sides of the Atlantic.</p> <p>PANDORA'S BOX IS OPENED</p> <p>Opening the Energy Panel, Sechin drew a parallel between the development of the global economy and the ancient Greek myth of Pandora's box, which brought disasters and suffering to humanity. According to him, the so-called "rules-based order," where "rules" were dictated by an unquestionable hegemon, has completely collapsed. "An attempt is in evidence to replace the global legal system with the legal system of one country," stated Sechin, noting that such international institutions as the UN, WTO, IMF, and the World Bank have turned into "zombies." At the same time, new leaders have come to the forefront: now the global economy is an absolute hostage to political decisions that are made in the interests of large corporations - mainly technological, military, and financial. It is they who have formed a closed circle of beneficiaries.</p> <p>"Along with such tools of influence as pandemics, disruption of supply chains, sanctions, embargoes, interference with internal affairs, political provocations, economic strangulation, hijacking of ships, blow-ups of pipelines, orchestration of coups d'&eacute;tat, etc., the use of armed forces has been added," told Sechin.</p> <p>He stated: " Pandora's Box opened and the troubles and misfortunes that escaped from it will not go back. The key question is what problems are still left at the bottom of Pandora&rsquo;s Box. What else do we have to face?".</p> <p>According to Igor Ivanovich, the rapid growth of sanctions pressure causes particular concern. The speaker announced that over the past 12 years, 32 thousand sanctions have been introduced against Russia, with the leadership belonging to the US (more than 7,400 restrictions). Russian foreign exchange reserves worth over 300 billion dollars were effectively confiscated and are being used to finance military actions against our country.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/08/pic_06062026_01.jpg" />Sanctions pressure has become the norm and turned into an instrument of coercion. Sechin recalled how back in 2007 in his famous Munich speech, the President of Russia warned: "Independent legal norms are, as a matter of fact, coming increasingly closer to one state&rsquo;s legal system. One state and, of course, first and foremost the United States, has overstepped its national borders in every way. This is visible in the economic, political, cultural and educational policies it imposes on other nations."</p> <p>THE WORLD ON THE VERGE OF A FOOD CRISIS</p> <p>Significant attention in the report was paid to the consequences of the conflict in the Middle East. The blockade of the Strait of Hormuz, in addition to oil and gas, created serious risks for the export of other goods, for example, fertilizers. In just the first four months of 2026, prices for fertilizers soared by almost 60%, which will inevitably lead to a jump in food prices in the next six months. The most vulnerable turned out to be India, the countries of Africa, and Southeast Asia.</p> <p>Igor Sechin also warned that other "bottlenecks" of global logistics may also be under threat &mdash; the Straits of Malacca, Bab-el-Mandeb, and Gibraltar, the Suez and Panama canals. Under these conditions, the Arctic acquires special significance: the Northern Sea Route allows for reducing cargo delivery times by one and a half to two times and lowering costs by 20-30%.</p> <p>GROWTH OF FICTITIOUS CAPITAL</p> <p>The global economy has entered a zone not just of volatility, but of strategic risks. Problems are snowballing. The Head of Rosneft drew attention to the hypertrophied growth of fictitious capital, the volume of which exceeded 500 trillion dollars &mdash; almost five times more than global GDP. Global debt has effectively doubled over the past 15 years. According to the estimate of the International Monetary Fund, by the end of the current year, the total national debt of Japan will reach almost 205% of GDP, the US &ndash; almost 130%, France &ndash; 120%, the UK &ndash; 105%. This phenomenon has not bypassed our financial system either - in Russia, this indicator is already approaching 100% of GDP, noted Sechin.</p> <p>The debt of most countries today is not backed by real financial assets, believes Igor Sechin. Even the physical gold located in US vaults (and this is more than 14 thousand tons) covers only five percent of the 39 trillion dollars of American debt. At the same time, a significant part of the gold stored in America does not belong to it &ndash; more than 40% of these reserves were transferred from other countries for safekeeping.</p> <p>The situation is worsened by the use of the dollar as a sanctions instrument. Sechin believes that if this continues, the process of creating alternatives will accelerate. "The growth of the US government debt and budget deficit, the weakening of the dollar have already led to significant changes in the reserves of global central banks. For the first time since 1996, the share of gold in their reserves has approached 30%, exceeding the share of US Treasury bonds," he told. " I should note that the share of gold in the Bank of Russia's reserves is growing at an accelerated pace: over the past four years, it has increased from 21% to 45%. However, if this process had begun earlier, Russia would have been able to profit from the rise in gold prices by over $400 billion and would have preserved a significant portion of its reserves," emphasized Igor Sechin.</p> <p>Due to sanctions, payment instruments are diversifying. "Over the past five years, the scope of transactions conducted through China's Cross-Border Interbank Payment System has more than tripled, reaching nearly one trillion yuan per day.&nbsp; The Hormuz crisis significantly accelerated this process," noted the speaker.</p> <p>MILITARIZATION OF THE WORLD</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/08/pic_06062026_07.jpg" />A separate place in the report Sechin devoted to the problem of the militarization of the world. According to him, global military spending has been continuously growing over the past 11 years. In Europe, Germany stands out, whose military spending over the past three years has doubled &ndash; to 114 billion dollars. He stated that Germany has begun transitioning its economy to a war footing.</p> <p>"Berlin&rsquo;s bid to host the 2036 Olympics became the peak of cynicism. Apparently, there is a desire to celebrate the centenary of the previous Berlin Olympics, conceived as a large-scale propaganda project to showcase the achievements of the Hitler regime," ironizes Igor Sechin. According to him, a simple chain has formed: political pressure leads to an increase in budget expenditures, which push up the market capitalization of a tightly intertwined triad: respectively, the military-industrial complex, high-tech corporations, and the financial sector. "It is this triad that draws a significant share of global investment resources," believes the speaker.</p> <p>HIGH-TECH BUBBLE</p> <p>Along with the military-industrial complex, the technology sector also attracts massive investments, told Sechin. This year alone, the four largest technology companies will direct about 700 billion towards the development of computing capacity.</p> <p>"Today, artificial intelligence-related companies are actually consuming a significant portion of investment resources, to the detriment of the rest of the economy. The share of capital expenditures of the American tech sector in total investment has already reached a record 35%. Just 15 years ago, it was measured in a few percent," told Sechin.</p> <p>" Clearly, the world is on the brink of the largest financial market bubble in history since the US railroad boom of the 19th century," stated Igor Sechin.</p> <p>At the same time, the main generator and beneficiary of the approaching crisis is the financial sector of Western countries, which only yesterday was promoting a completely different - "green" - agenda: Blackrock, Vanguard, State Street. "The circle has closed," added Sechin. Significant growth in labor productivity is expected from artificial intelligence, but the numbers demonstrate a different situation. As Sechin told, about 70% of companies worldwide actively use artificial intelligence in their work. However, in 90% of cases over the past three years, the application of these technologies has had no effect on labor productivity.</p> <p>He recalled that this phenomenon was described 40 years ago by Nobel laureate in economics Robert Solow. His statement reads, &ldquo;you can see the computer age everywhere except in productivity statistics." The Solow paradox is that in the US in the seventies and eighties of the last century, labor productivity growth slowed by two percentage points, to 1%, despite a nearly 100-fold increase in computing power.</p> <p>New technologies form a transition to a new socio-economic order - we are talking about fundamental changes in the development of the entire society, when robots replace people. "Demographics and a human being as a personality could lose their significance in the face of an army of machines if we just passively watch. We must clearly understand what kind of genie we're letting out of the lamp," warned Sechin.</p> <p>He noted that religious authorities are already talking about the risks associated with artificial intelligence. In particular, it was exactly this topic that the first encyclical " Magnifica humanitas" by Pope Leo XIV was dedicated to, literally calling that "AI must serve humanity not concentrate power"</p> <p>ENERGY TRANSITION AND RESOURCE DEFICIT</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/08/pic_06062026_05.jpg" />Illusions of an accelerated energy transition have led to the underfunding of the industry: over the past 10 years, investments in fossil fuels have decreased by more than 20%. At the same time, a new energy market model "from molecules to electrons" is forming, the key element of which is data centers. According to forecasts, in the next five years, global demand for data center capacity could nearly triple &mdash; up to 220 gigawatts.</p> <p>By 2035, global electricity demand will increase by almost 40%. Already today, data centers consume about 500 terawatt-hours per year, which exceeds the total electricity consumption of France. At the same time, the unbalanced development of "green" energy has led to an increase in electricity prices: in the US over the past 5 years &mdash; by more than 30%, in Europe &mdash; by 35-45%.</p> <p>Power grids remain the key constraint: the need for their expansion and modernization will reach 60 million kilometers by 2035. Total investments in power grids in the next 25 years could amount to almost 16 trillion dollars.</p> <p>Metals are also critically important for the development of a new type of energy system. Copper &ndash; the key metal of the "new" economy &ndash; is of particular importance. According to forecasts, copper consumption in power grids could grow by 65% by 2040 and exceed seven million tons, which is equal to a quarter of all consumption of this metal at the moment. At the same time, in the next 20 years, it will be necessary to mine a volume of copper comparable to production over the previous ten thousand years.</p> <p>Access to water is becoming an additional constraint: in the US, a 100-megawatt data center requires about two million liters of water per day. "This is equal to the consumption of 6,500 households. By 2030 water consumption by data centers could nearly double," told Igor Sechin.</p> <p>CHINA: AN EXAMPLE OF A BALANCED APPROACH</p> <p>A separate place in the report was devoted to the experience of China. " In recent decades, China demonstrated not only economic success but also remarkable science and technology advances, enabling it to become a global energy power," stated Sechin.</p> <p>Moreover, China turned out to be the most prepared for the Hormuz crisis and the rise in fuel prices - thanks to its balanced approach to ensuring energy security.</p> <p>China has created cheap urban and intercity transport infrastructure for the domestic consumer. Sechin noted that after the blockade of the Strait of Hormuz, this allowed motor fuel consumers to painlessly use available alternatives, such as electric cars, electric buses, gas trucks, the subway, electric trains, and electric taxis.</p> <p>In addition, China has a tangible competitive advantage in electricity prices: it is about 9 cents per kilowatt-hour for industry (72% lower than in Germany, and 59% lower than in France) and about 7 cents per kilowatt-hour for the population (58% lower than in the US). " Only Russia stands at a similar level," added Igor Sechin.</p> <p>Over 10 years, solar and wind energy generation in China has grown 10 times &mdash; to 2,300 terawatt-hours (22% of the country's energy balance). At the same time, the country continues the construction of thermal power plants: last year alone, 78 gigawatts of coal generation were put into operation. China is also implementing the largest program for the development of nuclear generation: 39 reactors are being built &mdash; more than half of all nuclear power plants under construction in the world. Energy storage plays an important role in ensuring the flexibility of the energy system - China also leads in this sector. In parallel, China leads in investments in power grids, investing about 100 billion dollars in this sector.</p> <p>INDIA AS A DRIVER OF DEMAND GROWTH</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/08/pic_06062026_04.jpg" />In his report, Sechin also separately highlighted India. "Today, India's economy is one of the key drivers of global energy consumption growth. According to the International Energy Agency&rsquo;s projections, over the next 10 years, this country will account for about 15% of the global increase in electricity demand. By 2035, consumption in India is expected to grow by 80% to nearly 3,000 terawatt-hours, making it nearly equal to that of the European Union," he told.</p> <p>A special place, according to Sechin, is also occupied by India in the oil market: "over the next 10 years, the country will account for approximately half of global oil demand growth." According to the estimate of the International Energy Agency, by 2035 oil consumption in India will reach nearly eight million barrels per day. This is a growth of 44%, while global demand will grow by only 5%.</p> <p>OPEC+: LOST POTENTIAL</p> <p>Special attention in the report was paid to the situation in OPEC+, which, according to Igor Sechin's assessment, has undergone significant changes. With the exit of the United Arab Emirates, and prior to that Qatar, Ecuador, and Angola, " OPEC+ has lost part of its potential." Over the past ten years, OPEC+ production has decreased from 58 to 37 million barrels per day.</p> <p>As the head of Rosneft noted, if we take into account that Iran, Venezuela, and Libya initially did not participate in the production restrictions, and Iraq and Kazakhstan significantly exceed the established quotas, then the production of the alliance member countries that comply with the restrictions actually amounts to 27 million barrels per day &mdash; less than a third of global production.</p> <p>At the same time, Russia, having taken upon itself obligations to limit production, strictly fulfilled them and fully contributed to solving the alliance's tasks. However, the Russian oil industry has all this time been under sanctions that deprived the country of advantages that other participants received. As Igor Sechin emphasized, most major OPEC+ participants increased production during the period of the agreement. In Russia, however, over the period of restrictions, oil production decreased by 1.5 million barrels per day &mdash; a drop of 15%, which will have to be compensated for by necessary investments in the amount of at least 10 trillion rubles.</p> <p>Particular concern, according to the speaker, is caused by the fact that, despite the support received by major participants in the alliance, their investment cooperation with Russia has not been developed.</p> <p>RUSSIA &mdash; GUARANTOR OF GLOBAL ENERGY SECURITY</p> <p>Igor Sechin emphasized that Russia cannot be excluded from global supply chains. Our country possesses the world's largest oil and gas reserves in the amount of about 60 billion tons of oil equivalent (14% of global reserves). Russian oil supplies bring a tangible economic effect to partners: since April 2022, its combined value for China and India has exceeded 40 billion dollars.</p> <p>At the same time, the Russian oil and gas industry is affected not only by external restrictions but also by unfavorable macroeconomic conditions. The current level of interest rates leads to a significant increase in debt servicing costs, and the strengthening of the national currency, according to calculations by the Russian Academy of Sciences, led to losses of the federal budget of more than two trillion rubles last year alone.</p> <p>WHAT&rsquo;S LEFT AT THE BOTTOM OF PANDORA'S BOX?</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/08/pic_06062026_02.jpg" />Concluding the report, Igor Sechin answered the key question of his speech: at the bottom of Pandora's box, humanity will inevitably discover a global shortage of electricity, a shortage of food, a shortage of copper and other metals, and a water shortage. It is these challenges that will determine the new face of the global economy.</p> <p>" Those that are best prepared for this will survive. This will be, in essence, "the end of the beginning", when empty hopes, illusions and salvatory chimeras will disappear forever," noted the head of Rosneft. "The real end of the systemic crisis and the formation of a new normality are still very far away. Not everyone will see it come."</p> <p><a href="/upload/site2/attach/0/10/29/pdf_06062026_01_en.pdf">REPORT OF EXECUTIVE SECRETARY OF THE RUSSIAN FEDERATION PRESIDENTIAL COMMISSION FOR STRATEGIC DEVELOPMENT OF THE FUEL AND ENERGY SECTOR AND ENVIRONMENTAL SECURITY I.I. SECHIN AT THE SPIEF ENERGY PANEL</a></p> <p><a href="/upload/site2/attach/0/10/29/presentation_06062026_01_en.pdf">PRESENTATION TO THE REPORT OF I.I. SECHIN AT THE SPIEF ENERGY PANEL</a></p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p> <p>The Energy Panel, organized within the framework of SPIEF-2026, concluded with the traditional forecast of oil prices for the coming year from its participants</p> Sat, 06 Jun 2026 14:19:48 +0300 https://www.rosneft.com/press/news/item/224238/ <p>The Energy Panel, organized within the framework of SPIEF-2026, concluded with the traditional forecast of oil prices for the coming year from its participants. This year, the forecast was presented by Igor Sechin, Minister of Energy of the Republic of Uzbekistan Jurabek Mirzamahmudov, former head of the International Energy Agency (IEA) Nobuo Tanaka, and President of the TOFS Group of Companies David Gadzhimirzaev.</p> <p>According to Sechin, the determining factor for the medium-term dynamics of the market is the current situation in the Strait of Hormuz. "If you tell me exactly how long the crisis in the Strait of Hormuz will last, then it will be easier for us to determine the level of impact of the dropout of 16 million barrels per day on the price," he stated.</p> <p>In his opinion, "if the lifting of restrictions (associated with the conflict in the Strait of Hormuz - ed.) happens now, then, perhaps, by the end of the year the average price will reach the level of 95 and 96 dollars per barrel."</p> <p>"It will take about six months to restore positive dynamics. And then in a year we will observe about 80-85 dollars per barrel. Because restoring supplies alone requires significant time and investments. Thus, by the second half of 2027, it will probably be possible to talk about a return to the fundamental indicators of the market. It seems to me this will be a more objective approach to pricing issues," said Igor Sechin.</p> <p>At the same time, he also voiced expectations under another scenario of events &ndash; in case if new sanctions are yet again imposed on Russian oil. "If 7 million of Russian oil exports are added to the 16 million barrels of already restricted volume, then another 100 dollars will be added to the level of 150-160," stated Sechin.</p> <p>However, the authors of the new sanctions proposals must understand, believes Igor Ivanovich, that out of the specified volume of 7 million barrels, Russia will nevertheless retain a significant part of the exports.</p> <p>"And their plan is unlikely to be implemented the way they would like. The increased price level will compensate for the shortfall of sanctioned volumes. Therefore, one probably shouldn't step on a rake here, because it can cause you damage," said Sechin.</p> <p>"There are a lot of risks. And given that political decisions are beginning to shape fundamental indicators - anything is possible. But we are ready for this. And I think that we will compensate for a significant part of those restrictions that may be introduced. At the same time, what will be the cost of petroleum products at gas stations in California? That also remains to be seen," he summarized, answering to the question.</p> <p>In turn, the former head of the IEA and recognized energy expert Nobuo Tanaka believes that due to a lack of supply, the price of oil in the coming months will most likely be very high. "And I think that it could reach a historical level - more than 170 dollars per barrel, and even higher, before it starts to decline. This is a very, very serious situation. And I believe that Russia will become a very important player in the context of increasing supply," noted Mr. Tanaka.</p> <p>Minister of Energy of Uzbekistan Jurabek Mirzamahmudov in his answer noted the necessity of forming a stable and predictable price. Answering the corresponding question, he did not rule out a return of quotes in the future to the level of 60 dollars per barrel. David Gadzhimirzaev also noted the difficulty in forecasting exact figures. According to him, the world's largest banks, based on the Middle East crisis, predict a variation from 78 to 90 dollars per barrel, and taking into account absence of&nbsp;various shocks, the forecast is 60&ndash;70 dollars. At the same time, he emphasized that the price should not fall below 60 dollars per barrel.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p> <p>Leading industry experts, politicians, and heads of major international energy companies discussed the current challenges and prospects for the development of the global energy market at the Energy Panel of the XXIX St. Petersburg International Economic Forum</p> Sat, 06 Jun 2026 14:15:36 +0300 https://www.rosneft.com/press/news/item/224237/ <p>Leading industry experts, politicians, and heads of major international energy companies discussed the current challenges and prospects for the development of the global energy market at the Energy Panel of the XXIX St. Petersburg International Economic Forum.</p> <p>The discussion took place after the keynote report by Igor Sechin, Executive Secretary of the Commission under the President of Russia for Strategic Development of the Fuel and Energy Sector and Environmental Security, titled "The Beginning of the End or the End of the Beginning: What&rsquo;s left at the Bottom of Pandora's Box?".</p> <p>The speakers highly appreciated the presented analysis: the report was called brilliant, deep, and uncompromising, and its informativeness and comprehensive nature were noted. The discussion participants repeatedly referred to the theses and facts presented in the report, using them as a basis for their own speeches and further discussion.</p> <p>The event was attended by Ricardo Men&eacute;ndez, Vice President for Planning of the Bolivarian Republic of Venezuela; Karim Badawi, Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt; Jurabek Mirzamahmudov, Minister of Energy of the Republic of Uzbekistan; Nobuo Tanaka, longtime Head of the International Energy Agency; David Gadzhimirzaev, President of the TOFS Group of Companies; as well as representative delegations from China, India, and other countries.</p> <p>ENERGY SECURITY REQUIRES COLLECTIVE ACTION&nbsp;</p> <p>Speaking to the discussion participants, Ricardo Men&eacute;ndez, Vice President for Planning of the Bolivarian Republic of Venezuela, stated that respect is of paramount importance for the development of the energy industry and the formation of balance in the world. He noted that Venezuela is facing not just sanctions, but serious aggression, which caused a dramatic drop in hydrocarbon production in the country and, as a consequence, a decrease in revenues</p> <p>"From 56 billion in revenues from the oil industry, we went to 700. That is, we lost 99% of oil revenues. This places the country before a very difficult choice. We need to ensure the social protection of the population, maintain logistical links, and social services," emphasized Men&eacute;ndez.</p> <p>Venezuela, according to him, is developing a new plan for reforming the government structure based on democratic principles. "Technology, productive diversification, and sovereignty are the keys to the transformative processes that are currently taking place on the territory of our country," the Vice President added.</p> <p>As noted in Igor Sechin's report, sanctions pressure in the world has become the norm, and trade barriers have ceased to be an exceptional measure. Over the past four years, the application of restrictions has grown manifold, and the volume of global commodity imports subject to various restrictions has reached almost three trillion dollars.</p> <p>THE HORMUZ CRISIS IS A HISTORICAL SHOCK</p> <p>Nobuo Tanaka, longtime Head of the International Energy Agency, called the blockade of the Strait of Hormuz the "fourth oil shock," the consequences of which are much more serious than all previous ones.</p> <p>"2 billion barrels pass through there. Compensating for these volumes by releasing strategic reserves is simply impossible. These consequences are much higher than the previous oil shocks we have faced before. This is a historically large-scale shock," stated Tanaka.</p> <p>He emphasized that no single country can achieve energy security alone&mdash;it must be of a collective nature. At the same time, according to the expert, all countries today are trying to diversify energy sources so as not to be limited to the Middle East.</p> <p>"Many in Asia have now turned to Russian oil. Russia in this context is a very stable and reliable partner and supplier of energy resources," noted Tanaka, expressing hope that Russia and the IEA will play an important role in stabilizing the oil market.</p> <p>In his report, Igor Sechin dwelled in detail on the consequences of the Hormuz crisis, noting that the blockade of the strait became an attempt to change the regulation of the global energy market in the interests of the US, but it hit the entire world. Western countries are experiencing a double price shock: electricity has been joined by the rising cost of motor fuel, prices for which in the US have grown by more than 50%, and in Europe&mdash;exceeded 20%.</p> <p>NUCLEAR ENERGY AND REGIONAL COOPERATION</p> <p>Minister of Energy of the Republic of Uzbekistan Jurabek Mirzamahmudov noted that Russia is a strategic partner of his country. Cooperation is carried out both in the field of supplying oil and gas raw materials and petroleum products, and in the field of personnel training&mdash;12 branches of leading Russian technical universities operate in Uzbekistan.</p> <p>"You noted the development of nuclear energy for the long term. Being fifth in the world in uranium mining, it would be a sin (for Uzbekistan - ed.) not to use this resource," noted the Minister, addressing Igor Sechin. He added that coal will also remain part of the country's energy balance, however, it will replace old blocks with more modern and environmentally friendly ones.</p> <p>Special attention, according to Mirzamahmudov, must be paid to the development of power grids. "Absolutely, without them the integration of renewable energy and capacity balancing is impossible," he emphasized, also noting the importance of regional interaction within the framework of the unified energy ring of Central Asia.</p> <p>Igor Sechin emphasized in his report that power grids and energy storage remain the key constraint on the development of the energy system. The need to expand and modernize networks will reach 60 million kilometers by 2035, and total investments in power grids in the next 25 years could amount to almost 16 trillion dollars.</p> <p>EGYPT AS A REGIONAL HUB</p> <p>Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt Karim Badawi thanked Igor Sechin for the invitation to the Energy Panel and noted the strong partnership relations between Egypt and Russia, which have lasted for many decades.</p> <p>"Egypt today is not going to compete with Russia in terms of gas production volume. However, Egypt would like to concentrate its efforts on acting as a regional hub &lt;...&gt; to extract the maximum effect from Egypt's geographical location," stated Badawi.</p> <p>He emphasized that Egypt strives for a balance between the use of natural gas and renewable energy sources, which should provide about 42% in the country's energy mix by 2030. "Egypt understands that it cannot cope alone, because the requirements in the field of energy are extremely large. We need to establish partnerships with other countries, the private sector, and technology companies," the Minister summarized.</p> <p>In his report, Igor Sechin noted that the Hormuz crisis created risks not only for the oil and gas market, but also for the global food complex. Supply disruptions of fertilizers, a significant volume of whose exports passes through the strait, increase the risk of a global food crisis. Prices for fertilizers soared by almost 60% in the first four months of the year, which will inevitably lead to a jump in food prices.</p> <p>TECHNOLOGICAL SOVEREIGNTY AND INVESTMENTS</p> <p>President of the TOFS Group of Companies David Gadzhimirzaev, speaking at the panel, noted that Russia is successfully responding to current challenges in drilling and production.</p> <p>"In Russia, 90% of all oilfield service&nbsp;producing companies are domestic. In the world&mdash;only 20% are local companies. If we compare 2022 and 2025 in terms of technology localization, in 2022 localization was 35%. To date, localization exceeds 70%," stated Gadzhimirzaev.</p> <p>He emphasized that compared to last year, the level of production drilling fell by 3%, but horizontal drilling grew by 4%. "This suggests that the country has learned to drill complex wells, extended wells, and for this we have all the technologies in our country," he emphasized.</p> <p>Speaking about long-term investments in R&amp;D, Gadzhimirzaev noted a chronic shortage of funds in this area. "This is a very complex element that requires support not only from the oilfield service, science, and the subsoil user, but also huge support from the state," he said.</p> <p>Igor Sechin in his report also drew attention to the problem of underfunding of the industry. Over the past 10 years, investments in fossil fuels have decreased by more than 20%, with the bulk of the drop falling on the oil sector, where capital expenditures fell by 35%. This decline is part of a broader trend of reducing investments in industrial production.</p> <p>The topic of the lack of funding was covered in detail in Igor Sechin's report. He noted that the Russian oil and gas industry is negatively affected not only by external restrictions but also by unfavorable macroeconomic conditions: the current level of interest rates leads to a significant increase in debt servicing costs, worsening the financial stability of companies; the inexplicable mechanism of forming the ruble exchange rate reduces the revenues of exporters and the federal budget&mdash;according to calculations by the Russian Academy of Sciences, budget losses from the strengthening of the national currency last year alone exceeded 2 trillion rubles; in addition, pressure on the industry is exerted by the growth of natural monopoly tariffs outstripping inflation.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p> <p>Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, concluding his speech at the Energy Panel during the XXIX St. Petersburg International Economic Forum, noted that the formation of the global economy will be significantly affected by the lack of critical natural resources</p> Sat, 06 Jun 2026 12:01:00 +0300 https://www.rosneft.com/press/news/item/224253/ <p>Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, concluding his speech at the Energy Panel during the XXIX St. Petersburg International Economic Forum, noted that the formation of the global economy will be significantly affected by the lack of critical natural resources.</p> <p>"So, what is left under the lid at the bottom of Pandora's Box? According to Hesiod, it is hope. And in a more accurate translation of this myth, it's empty hopes and vain expectations," Sechin said, continuing the comparison of the global economy with the ancient Greek myth.</p> <p>" In our case, at the bottom of the box we will inevitably discover a global energy shortage, deficit of food, copper and other metals, shortage of water, which will determine the new face of the global economy. Is everyone ready to face new threats?" he said.</p> <p>The one who is better prepared for this than others will survive. " This will be, in essence, "the end of the beginning", when empty hopes, illusions and salvatory chimeras will disappear forever," the Executive Secretary of the Presidential Commission on the Fuel and Energy Complex believes.&nbsp;</p> <p>At the same time, Igor Sechin quoted the poet and philosopher Stanislaw Jerzy Lec: "Eternity is a temporary solution until the beginning and the end are determined."</p> <p>" The real end of the systemic crisis and the formation of a new normality are still very far away. Not everyone will see it come.Nevertheless, as Ecclesiastes reads: &lsquo;The end of a matter is better than its beginning, and patience is better than pride'," Igor Sechin concluded his report "The Beginning of the End or the End of the Beginning: What&rsquo;s left at the Bottom of Pandora's Box?"</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p> <p>The oil sector remains the key donor of the Russian economy, stated Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, speaking with a keynote report at the Energy Panel during SPIEF-2026</p> Sat, 06 Jun 2026 12:00:00 +0300 https://www.rosneft.com/press/news/item/224252/ <p>The oil sector remains the key donor of the Russian economy, stated Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, speaking with a keynote report at the Energy Panel during SPIEF-2026.</p> <p>"The oil sector remains a key donor to the Russian economy: it generates about 40% of all export revenue and creates a significant multiplier effect, ensuring demand for products from other industries," he shared.</p> <p>In confirmation, Sechin provided following data: last year, the total tax revenues of the oil and gas complex and related industries amounted to about 17 trillion rubles &ndash; almost a quarter of the consolidated budget revenues.</p> <p>At the same time, Igor Sechin noted that the Russian oil and gas industry is affected not only by external restrictions but also by unfavorable macroeconomic conditions. " The current level of interest rates leads to a significant increase in debt servicing costs, which worsens financial stability," the Executive Secretary of the Commission on the Fuel and Energy Complex said. "The inexplicable mechanism for setting the ruble exchange rate reduced the incomes of exporters and the Russian budget. According to calculations of the Russian Academy of Sciences, the federal budget's losses from the strengthening of the national currency last year alone amounted to two trillion rubles," Igor Sechin stated.</p> <p>In his opinion, pressure on the industry is also exerted by the growth of natural monopoly tariffs outstripping inflation, which increases pro-inflationary risks and limits the development of the real economy.</p> <p>"Reasonable solutions of these issues will bolster the economy and quickly yield results which our country so desperately needs," Igor Sechin concluded.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p> <p>Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, believes that today Russia is the guarantor of global energy security and the country cannot be excluded from global supply chains</p> Sat, 06 Jun 2026 11:59:00 +0300 https://www.rosneft.com/press/news/item/224251/ <p>Igor Sechin, Executive Secretary of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security, believes that today Russia is the guarantor of global energy security and the country cannot be excluded from global supply chains.</p> <p>"Our country has the world's largest oil and gas reserves, amounting to approximately 60 billion tons of oil equivalent , or 14% of global reserves. Our country ranks fifth in the world in terms of coal reserves," he stated, speaking with a keynote report at the Energy Panel during the XXIX St. Petersburg International Economic Forum.</p> <p>Russia cannot be excluded from global supply chains.</p> <p>"Against the backdrop of recent developments in the global oil industry, Russia's economic partnership with China and India guarantees stable supplies to both countries. Russian oil supplies bring tangible economic benefits to our partners. Since April 2022, its combined value for China and India has exceeded 40 billion dollars," Sechin emphasized.</p> <p align="right"><strong>Department of Information and Advertising<br />Rosneft Oil Company<br />June 6, 2026</strong></p>