Rosneft is the leader of Russia's oil industry and one of the largest oil and gas producers in the world, and the largest by volume of proven reserves of oil and gas condensate.
Rosneft currently accounts for:
- over 22% of oil output in Russia;
- 21% of primary refining in Russia;
- over 23% of refined products supplies to the domestic market; and
- over 21% of Russian exports of oil and refined products.
Rosneft's corporate structure comprises over 500 subsidiaries, including 17 oil and gas producing companies, seven major refineries, four sea terminals for transhipment of oil and oil products, and about 1,700 petrol stations.
Rosneft was the first Russian oil company with annual output exceeding 100 million metric tons of oil in 2007, which is an important landmark. In 2008, the company produced 110.1 million tons of oil and gas condensate. The company is planning further increase in production, primarily through commissioning of new oilfields in Western and Eastern Siberia, in Russia's Far East, in northern and southern European Russia, and from off-shore oil assets in the Sea of Okhotsk, the Caspian Sea, the Sea of Azov, and the Black Sea.
The company is now intensively developing East Siberian oilfields, where the large Verkhnechonskoye field began production in 2008. But Rosneft's key asset in the region is the giant Vankorskoye field in East Siberia's Krasnoyarsk Territory and the adjacent oil-rich areas, an entirely new oil and gas field discovered since Soviet times. Vankor's proven oil reserves are estimated at over 520 million metric tons in Russian reserve classification. Commercial production is to begin before the end of 2009.
Along with leadership in oil production, Rosneft annually delivers to consumers over 12 billion cubic meters of natural gas, which makes the company one of Russia's largest independent gas producers.
The group includes seven major oil refineries - in Komsomolskon-Amur, Tuapse, Novokuibyshevsk, Kuibyshev, Syzran, and Achinsk, and the Angara petrochemical company, as well as several minor refineries. Rosneft processed about 50 million metric tons of crude at its own refineries in 2008.
The company's refineries have advantageous geographic locations, making product distribution especially efficient. As of now, the company is breaking ground for a new refinery project, Primorsky, near Russia's Pacific port of Nakhodka - the terminal point of the East Siberia-Pacific Ocean pipeline.
Rosneft is also actively developing its oil and lubricant manufacturing. Motor oils are produced at its Angara Petrochemical Company and the Novokuibyshevsk Plant of Oils and Additives, which is technologically linked with the local refinery, and the Moscow plant Nefteprodukt, a narrowly specialised facility producing unique oils and lubricants for specific uses.
As of today, Rosneft has the country's largest network of petrol stations totalling over 1,700 in 38 Russian regions - from Murmansk in the north to North Caucasus in the south, from Smolensk in the west to Sakhalin in the east. The company plans to develop its petrol station chain in regions where its refineries and oil farms are located - the Sakhalin and Chita Regions; the Khabarovsk, Primorye and Krasnoyarsk Territories; the Samara Region; and the Samara, Stavropol and Krasnodar Territories - and in the two most rapidly developing markets, Moscow and St Petersburg.
Rosneft's petrol station chain in Moscow and the Moscow Region currently includes about 100 outlets. In the next few years, the company plans to expand its control of the market by building or acquiring more stations, as well as modernising the existing ones.