Operating results

Promising foreign projects

In order to expand its presence in the growing high-margin markets, Rosneft is carrying out a number of promising oil refining and petrochemicals projects in Indonesia and China.

Refinery and Petrochemical Complex Construction in Tuban

The project is implemented in cooperation with Pertamina, an Indonesian oil and gas company, through the establishment of a joint venture named РТ Pertamina Rosneft Pengolahan dan Petrokimia (45% owned by Rosneft and 55% by Pertamina) on 28 November 2017.

Its design capacity will be up to 15 mmtpa for primary oil refining, over 1 mmtpa for ethylene production and 1.3 mmtpa for aromatic hydrocarbons production.

In October 2019, РТ Pertamina Rosneft Pengolahan dan Petrokimia signed a contract with Spanish Tecnicas Reunidas SA on the basic (BED) and front-end engineering design (FEED) for an oil refining and petrochemical complex in Tuban (Java, Indonesia). The complex is scheduled to be commissioned in 2026.

PetroChina-Rosneft Orient Petrochemical Company, Tianjin (joint venture)

The ownership structure of the Tianjin Refinery includes:

  • Rosneft (49%);
  • China National Petroleum Corporation (51%).

The refinery’s design capacity is 16 mmtpa.

The Board of Directors of PetroChina-Rosneft Orient Petrochemical has approved process configurations of the refinery and the aromatic hydrocarbons complex. Following a change in the Chinese petroleum product market, the parties agreed to update the project’s feasibility study.

PetroChina-Rosneft Orient Petrochemical