2.1 Business Model
ROSNEFT BUSINESS MODEL ENSURES SHAREHOLDER WEALTH GROWTH, USING THE COMPANY’s COMPETITIVE ADVANTAGES
Competitive advantages and investment appeal:
- First-class resource base in the Russian Federation;
- The largest public oil producer;
- Efficient monetization of gas resources;
- Integrated oil-and-gas business model;
- Diversified sales channels and growing share of long-term contracts;
- Perspective offshore resource base in Russia and international business expansion opportunities;
- Strategic development of oil service and infrastructure;
- Costs control and high business efficiency.
EXPLORATION ANd LICENSING
RESERVES REPLACEMENT
Development of in-house oil service business to improve the quality of services and cost control
Development and application of advanced production technologies
Refineries upgrading program
Refining at OWN AND THIRD PARTY plants
Value creation due to vertical integration
Increase in supply volumes of long-term contracts
Growth of superb margin sales channels
Trading business development to improve sales profitability
Filling stations network upgrading
RETAILS
LAUNCH OF NEW PROJECTS AND MAINTENANCE OF THE OUTPUT AT MATURE FIELDS
OIL PRODUCTION
Oil sales in domestic and world market
PETROLEUM PRODUCTS SALES IN RUSSIA AND ABROAD
GAS PRODUCTION
GAS REFINING
GAS REFINERY PRODUCTS SALES
Trading business development to improve sales profitability
GAS SALES
Growth of domestic market share ensured by the portfolio of long-term contracts
Higher value added products manufacturing
SPECIFIC PETROLEUM PRODUCTS SALES
WHOLESALE
ROSNEFT CRUDE OIL, GAS AND OIL PRODUCTS BALANCE
189.9
Crude oil production*
13.3
Crude oil purchase in Russia including production of associated companies and JVs
9.6
Crude oil purchases abroad
Crude oil resources**, mmt
109.1
Crude oil export
5.4
Crude oil sales in Russia
84.7
Oil refining throughput in Russia
12.2
Oil refining throughput abroad
82.9
Petroleum products output in Russia
12.5
Petroleum products output abroad
2.5
Petroleum products purchases
Petroleum products resourses,** m tons
61.5
Petroleum products sales abroad
18.8
Petroleum products wholesales in Russia
10.9
Petroleum products retail sales in Russia
3
Bunker fuel sales
3.2
Petrochemical products sales
55.6
Gas production by subsidiaries and proportionally consolidated entities**
11.5
Gas purchases including production ofassociated companies and joint ventures
Gas resources,** bcm
58.0
Gas sales in Russia
0.7
Gas sales abroad
* Production per subsidiaries and proportionally consolidated entities.
** Difference between oil, petroleum products and gas resourses and sales volumes is due to utilization of the such resourses for the own needs, in-group supplies as well as changes in reserves volumes and technological losses.
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