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Vershinin

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Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Rosneft activities include hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad.

3Business Geography

Rosneft conducts its exploration and production activities in all key hydrocarbon provinces of Russia including West Siberia, Southern and Central Russia, Timan-Pechora, East Siberia, Far East, and Russian continental shelf including the Arctic region. The Company is also embarking on and implementing a number of projects in Venezuela, Brazil, USA, Canada, UAE, Algeria, Norway, Kazakhstan, Vietnam and Abkhasia.

4Oil Production

Rosneft accounts for more than 40% of the Russian oil production. The Company successfully pursues its strategy of sustainable production growth, which includes, among other things, the introduction of state-of-the-art technologies. In 2013, production of oil and other liquid hydrocarbons has grown by 72% year-on-year and amounted to 4,196 th. bpd.

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Based on 2013 performance, Rosneft became the third largest gas producer in Russia, having produced 38.17 bcm of gas.

Gas Production

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In 2013, the Company refineries in Russia and abroad processed more than 90 million tons of oil, with domestic refining volumes accounting to almost one-third of the country’s total refining output. Rosneft’s structure includes nine large oil refining enterprises on the territory of Russia: Komsomolsk refinery, Tuapse refinery, Kuibyshev refinery, Novokuibyshevsk refinery, Syzran refinery, Achinsk refinery, Saratov refinery, Ryazan Refining Company and Angarsk Petrochemical Company.

Refining

7Export Terminals

A distinctive feature of Rosneft is its own export terminals in Tuapse, De-Kastri, Nakhodka, and Arkhangelsk, which make the Company export operations much more efficient, improve the planning process and help to optimize costs.

8Retail Network

One of Rosneft's strategic objectives is to increase direct sales of its products to end consumers. With that in view, the Company consistently develops its retail network.

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Corporate Governance

Rosneft’s development strategy includes both increasing the Company shareholder value and attaining the highest corporate governance standards. The Company strongly believes that those two goals are inter-related.

One of the most convincing illustrations of the practical implementation of principles of strong corporate governance is the composition of the Company Board of Directors and its committees.

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Board of Directors

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Management Board

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In 2015, Rosneft continued working on enhancing its intellectual and technological advantage by funding cutting-edge in-house R&D development, supporting Russia’s leading universities and R&D centers, and creating joint R&D centers with leading international companies.

13Rosneft and ExxonMobil within the framework of the Sakhalin-1 consortium put into operation the Berkut platform at the Arkutun-Dagi field having successfully installed topside at gravity base structure.

The Berkut Platform at the Arkutun-Dagi Field

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