Operating results

Key results and focus areas in 2020 (oil refining)

In the reporting year, Rosneft’s Russian refineries processed 93.0 mmt of crude oil (104.0 mmt with foreign assets included). The refining depth and light product yield in 2020 were 74.5% and 57.1%, respectively.

Rosneft continues to implement existing facility maintenance initiatives and refinery upgrade programmes. The total spending on Oil Refining maintenance and upgrade projects under IFRS amounted to RUB 34.4 bln in the reporting year. The Company remains focused on highly efficient projects to debottleneck the refinery configuration by overcoming production and technical constraints, and developing bitumen production, as well as increasing operational efficiency and reducing operating costs.

In 2020, the Company’s oil refining activities were aimed at satisfying the demand for quality petroleum products.