Rosneft Net Worth is$79.6 B
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Native Name: ?????????

Company Slogan: Energy For Growth

Type: Public company (Open Joint-Stock Company)

Traded As: ROSN, ROSN

Foundation: 1993

Industry: Oil and gas industry

Products: Petroleum, Petrochemicals

Location City: Moscow

Location Country: Russia

Key People: Igor Sechin (CEO),

Revenue: operating income

Net Income: {{profit US$12.4 billion (2011)

Owner: government of Russia (75%)

Num Employees: 106,000 (2011)

Parent: Rosneftegaz


Rosneft (Russian: ? ? 3/4 N?? 1/2 ?uI?N?N?N?, IPA: [rE?E?snE?eftE?]; MCX: ROSN, LSE: ROSN) is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow's Balchug district near the Kremlin, across the Moskva River. Rosneft became Russia's leading extraction and refinement company after purchasing assets of former oil giant Yukos at state-run auctions.
Rosneft conducts oil and gas exploration and production activities on Sakhalin island, Siberia, Timan-Pechora field and in southern Russia, including Chechnya. It owns and operates two refineries. The refinery in Tuapse, on the Black Sea, focuses on refining high-gravity oil from western Siberia. Another plant in Komsomolsk-on-Amur is the easternmost refinery in Russia. The Komsomolsk Refinery benefits from its technological integration with Nakhodkanefteprodukt, while the Tuapse Refinery is noted for its favorable location on the Black Sea coast and is part of an integrated complex with Tuapsenefteprodukt. Rosneft operates shipping (Arkhangelsknefteprodukt), pipeline and marketing companies. As of 29 December 2006, the company's market value was US$83.908 billion. Rosneft net income fell 20% for the first quarter of 2009 from $2.56 billion to $2.06 billion due to the weakness of oil price. Rosneft is 75.16% owned by the Russian state, while around 15% of the shares are in free float.
Rosneft was established in 1993 as a Unitary enterprise on the basis of assets previously held by Rosneftegaz, the successor to the Soviet Union's Ministry of Oil and Gas. During the early 90s almost all Russian local oil companies and refineries were extracted from Rosneft to form ten integrated companies. Later their number was halved as a result of acquisitions. On 29 September 1995, a Government of Russia Resolution a??971 transformed Rosneft into an open joint stock company. In October 1998, the Russian government appointed Sergey Bogdanchikov as president. The company had only

Rosneft Latest News

Essar Oil completes Rosneft deal for $12.9 billion

Essar Energy and Oil Bidco have concluded the sale of Essar Oil Ltd to Rosneft and Trafigura-UCP consortium for $12.9 billion. According to Essar Energy, the deal includes Vadinar refinery, 3,500 retail outlets, a power plant and port. Almost a year after ...
Posted: August 20, 2017, 11:32 pm

NK Rosneft' : Russia's Rosneft closes deal to buy 49 percent stake in India's Essar Oil

An investment consortium comprising Trafigura and UCP has also announced the closure of their acquisition of a separate 49 percent share of EOL. "Together with our partners we intend to support the company to significantly improve its financial performance ...
Posted: August 20, 2017, 11:30 pm

Rosneft Develops Cooperation With Chinese Partners

MOSCOW, Aug 16, 2017 (PR Newswire Europe via COMTEX) -- MOSCOW, August 16, 2017 /PRNewswire/ -- China, for over six years, has been the largest trading partner of Russia and Russia is one of the main sources of import of energy resources for China.
Posted: August 15, 2017, 5:01 am

Rosneft consortium announce acquisition of Essar Oil for $12.9 billion

Rosneft will get a 49 percent stake in Essar and the two investors, European trader Trafigura and a Russian fund UCP, will hold another 49 percent in equal parts. The purchase is the biggest foreign acquisition ever in India and Russia's largest outbound deal.
Posted: August 20, 2017, 11:26 pm

Rosneft, partners to announce acquisition of India's Essar Oil completed

NEW DELHI/MUMBAI: A consortium led by Russian oil major Rosneft will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel ...
Posted: August 20, 2017, 10:59 pm
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