News - https://www.rosneft.com/press/news https://www.rosneft.com/press/news ru-ru rss_generator Fri, 21 Jul 2023 08:28:22 +0300 /media/img/logo.png / <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Samotlorneftegaz, which is a part of Rosneft&rsquo;s oil production complex, allocated over 6.7 billion rubles in 2022 for environmental protection and environmental remediation measures.</p> Fri, 07 Jul 2023 12:40:00 +0300 https://www.rosneft.com/press/news/item/215023/ <p>Samotlorneftegaz, which is a part of Rosneft&rsquo;s oil production complex, allocated over 6.7 billion rubles in 2022 for environmental protection and environmental remediation measures.</p> <p>Preservation of the environment for future generations is an integral part of the corporate culture of Rosneft. The company aims to minimize its environmental impact and achieve a leading position in the field of environmentally friendly production.</p> <p>Samotlorneftegaz&rsquo;s environmental projects are focused on increasing the efficient use of associated petroleum gas, monitoring methane emissions, improving pipeline reliability, reclamation of sites of historical heritage, safe disposal of industrial waste, supporting the biological diversity of Siberian rivers and landscaping.</p> <p>The implementation of a comprehensive programme on gas infrastructure development has resulted in the rate of rational utilisation of associated petroleum gas at 99%, one of the best levels in the industry. The bulk of the feedstock goes to gas processing plants, and the network of local consumers has been expanded.</p> <p>In parallel with improving the APG utilisation rate, best practices in methane monitoring are being implemented. In 2022, ground inspections of technological facilities using infrared cameras, a laser scanner, and an ultrasonic detector included 3,300 measurements, which is 4.7 times more than in 2021. Unmanned aerial vehicles equipped with a laser gas analyser have monitored 32 production sites and around 500 km of gas pipelines.</p> <p>Samotlorneftegaz has commissioned more than 240 kilometres of linear oilfield pipelines under the Pipeline Reliability Improvement Programme. The use of modern, domestically produced materials has increased the structural strength of the new networks.</p> <p>To date, the company has restored the biological productivity of 90% of the &laquo;historical heritage&raquo; lands disturbed during the Soviet years of Samotlor field development. In 2022, ecologists restored the natural soil balance on 126 hectares of this category. The technical and biological phases of reclamation are carried out year-round through extensive use of winter reclamation and phytoreclamation techniques. Samotlorneftegaz conducts most of its operations using its own ecoservice, with unique specialised equipment for working in boggy areas.&nbsp;</p> <p>Another important area of Samotlorneftegaz work is to maintain the natural balance in the area where it operates by replenishing natural resources. The company is actively involved in implementing the regional program &laquo;Conservation of the Siberian sturgeon&raquo; within the framework of the national project &laquo;Ecology&raquo;. Last year, the company released about 1.3 million juvenile Siberian sturgeon and muksun into Western Siberian reservoirs. In just the past five years, the stocking of northern rivers has added more than 11 million fry of valuable fish species.</p> <p>The number of conifers planted by the company over the last 15 years on the territory of Ugra forestries exceeds 1.7 million, and the area covered by them is 450 hectares. In 2022, as part of an agreement on social and economic partnership between Rosneft and the Yugra government, the company&rsquo;s employees planted over 4,000 seedlings of larch, spruce and fir trees in the park zones of Nizhnevartovsk. These tree species form the basis of Western Siberia&rsquo;s green fund.</p> <p>In 2022, Samotlorneftegaz has for the third time received high praise from experts of the All-Russian Environmental Protection Leader Russia 2022 competition. The enterprise was awarded a diploma in the category &laquo;Best Environmentally Responsible Company in Oil and Gas Production&raquo;. Samotlorneftegaz also received a letter of appreciation from the deputy governor of Yugra for its successful implementation of the environmental policy and support of the &laquo;Save and Conserve&raquo; socially significant project.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for editors:</strong></p> <p>Samotlorneftegaz JSC, one of Rosneft&rsquo;s key production enterprises, operates in the Nizhnevartovsk region of Khanty-Mansi Autonomous Area-Yugra. The company is developing Russia&rsquo;s largest legendary Samotlor field and its satellite fields. The scope of license areas exceeds 3,000 square kilometres.</p> </div> <p align="right"><b>Rosneft<br />Information Division<br />July 7, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Thanks to the support of the Ryazan oil refining company (part of Rosneft), the children&rsquo;s environmental organisation &laquo;Master of Meschera&raquo; carried out a paleontological expedition to a sand pit in the Shatsk district of Ryazan region.</p> Fri, 07 Jul 2023 12:00:00 +0300 https://www.rosneft.com/press/news/item/215027/ <p>Thanks to the support of the Ryazan oil refining company (part of Rosneft), the children&rsquo;s environmental organisation &laquo;Master of Meschera&raquo; carried out a paleontological expedition to a sand pit in the Shatsk district of Ryazan region.</p> <p>Young palaeontologists have excavated more than 200 shark teeth from the Cretaceous period of the Mesozoic era (which began about 145 million years ago and lasted about 80 million years). The teeth belong to extinct shark species: Ptychodus (Ptychodus) and Cretoxyrhina mantelli (Cretoxyrhina mantelli), which is an ancestor of the white shark.</p> <p>The rare finds are of scientific interest. The specimens will be donated to the Ryazan Historical and Architectural Museum-Reserve and to one of the largest natural history museums in the world, the Yuri Orlov Paleontological Museum in Moscow. The renovated exhibitions of the museum-reserve will allow visitors to see a reconstruction of the appearance of the ancient sea and territory of the Ryazan region during the Cretaceous period of the Mesozoic era.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/04/pic_07072023_1.jpg" />The existence of an ancient sea in the Ryazan region and its inhabitants is widely known around the world. In 2021, fossils from this region were discussed at an international conference in Canada. At the time, scientists identified 34 species. In 2022, they already found over 80 species in the sediments of the quarry. The finds prove that the quarry&rsquo;s biodiversity is one of the greatest in the world and the richest in Russia. Scientists from the Bavarian Museum in Germany, the University of Atacama in Chile and the National Museum of Costa Rica, as well as from Australia, Austria, Great Britain, Poland, the USA and other countries, have been involved in examining the samples found in the quarry.</p> <table align="center" style="width: 100%;" border="0"> <tbody> <tr> <td><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/04/pic_07072023_2.jpg" /></td> <td><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/04/pic_07072023_3.jpg" /></td> </tr> </tbody> </table> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for editors:</strong></p> <p>Ryazan oil refining company has been supporting the initiatives of young volunteers since 2011. During this time, more than 150 events have been held aimed at educating schoolchildren about the environment, the world around them and the region&rsquo;s historical past. In the spring of 2023, the volunteers made three expeditions across the Ryazan region &mdash; to Lake Velikoye, to the pine forest of the village of Solotcha and to the farmstead of the village of Staroye Zimino. Under the guidance of teachers, the young ecologists studied the local flora and fauna and took part in the clean-up of natural areas.</p> <p>The teeth of pterosaurs and mosasaurs have been found in the Shatsk district of the Ryazan region for the first time. The former are flying reptiles, the latter are huge sea lizards. One of the pterosaur teeth was donated to the Darwin Museum in Moscow.</p> </div> <p align="right"><b>Rosneft<br />Information Division<br />July 7, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Rosneft enterprises took part in the All-Russian Employment Fair &laquo;Russian Jobs. Time of Opportunities&raquo;.</p> Thu, 06 Jul 2023 12:42:00 +0300 https://www.rosneft.com/press/news/item/215025/ <p>Rosneft enterprises took part in the All-Russian Employment Fair &laquo;Russian Jobs. Time of Opportunities&raquo;. Over 16,000 people from different regions of the country were given the opportunity to be interviewed by the Company&rsquo;s HR representatives and to fill in questionnaires prepared for the fair.</p> <p>Rosneft is one of Russia&rsquo;s largest employers that actively promotes labour market development in the regions where it operates. The company employs over 330,000 people, all of whom enjoy decent working conditions.</p> <p><b>Bashneft</b> presented almost 3,500 vacancies at the All-Russian Employment Fair in Ufa. Of these, 2,500 are blue-collar jobs that are becoming more and more in demand on the labour market every year.</p> <p>Young employees of the <b>Syzran Refinery</b> participated in an online job marathon, telling other job seekers about the company, job opportunities and career prospects. The marathon was broadcast on the Samara Region Employment Service&rsquo;s social media page.</p> <p><b>Komsomolsk Refinery</b> presented vacancies in five towns in Khabarovsk Territory: Komsomolsk-on-Amur, Amursk, Nikolaevsk-on-Amur, Khabarovsk and Vanino. The interview was attended by around 250 jobseekers.</p> <p>The <b>Taas-Yuryakh Neftegazodobycha</b> enterprise in Yakutsk has offered current job vacancies in blue-collar jobs at the Srednebotuobinsk oil and gas condensate field in the Mirny district of Yakutia. The field welcomes chemical analysis technicians, oil and gas production operators, dewatering and desalting plant operators, slingers, electricians for electrical equipment repair and maintenance and others. Today, the enterprise employs over 1,700 people. The main part is occupied at the Srednebotuobinskoye oil and gas condensate field and the receiving and delivery station in Lensk. The sites are staffed by employees from over 40 regions of the country.</p> <p>The <b>Achinsk refinery</b> offered over 30 vacancies at the fair. In the next few years, the plant will need around 1,000 skilled workers when the two large modern processing plants are put into operation. Not only locals, but also specialists from other parts of Russia will be able to apply for vacancies and interesting jobs. The company provides out-of-town employees not only with a relocation package, but also with furnished flats in factory-built housing.</p> <p>Rosneft&rsquo;s participation in the federal project &laquo;Russian Jobs. Time of Opportunities&raquo; is one of the effective mechanisms to fill the need for qualified personnel at the Company&rsquo;s dynamically developing enterprises. Rosneft provides job seekers with all the conditions for decent earnings and self-fulfilment.</p> <p>The initiative of Rosneft and its subsidiaries to develop the labour market in the regions of operation is regularly praised by the Russian Ministry of Labour and Social Protection. The Novokuibyshevsk, Kuibyshev, Saratov refineries and Samaraneftekhimproject have won the All-Russian High Social Performance Organisation competition in various categories in different years. In 2023, the All-Russian Industry Association of Oil and Gas Industry Employers included VSNK and the Saratov Refinery in the register of socially responsible employers in the oil and gas industry. For several years in a row, Rosneft Krasnoyarsk enterprises have become the best in the &laquo;Oil Production Industry&raquo; category of the Krasnoyarsk competition for organisation of work in the field of social partnership and labour protection.</p> <p align="right"><b>Rosneft<br />Information Division<br />July 6, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />In 2013 - 2022, Rosneft invested about 204 billion rubles in projects aimed at the beneficial use of the associated petroleum gas (APG).</p> Wed, 28 Jun 2023 17:42:00 +0300 https://www.rosneft.com/press/news/item/214885/ <p>In 2013 - 2022, Rosneft invested about 204 billion rubles in projects aimed at the beneficial use of the associated petroleum gas (APG). Implementation results of the Company's large-scale Gas Investment Program and an action plan in the field of low-carbon development are presented in the updated Public position - "Rosneft: contributing to implementation of the UN sustainable development goals".</p> <p>Confirming its status as the leader in sustainable development among Russian oil and gas companies, Rosneft implements a whole range of measures aimed at introducing innovative technologies, improving the level of industrial safety, social well-being of the regions, and care for the environment. Every year the Company provides reports on its progress in achieving the relevant UN goals and its contribution to implementation of Russia&rsquo;s national projects.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/04/pic_28062023_6.jpg" />Rosneft has achieved outstanding results in the field of carbon management. In 2022, the Company commissioned 17 production facilities as part of implementation of the Company&rsquo;s Gas Investment Program aimed at improving the beneficial use of the associated petroleum gas, including gas re-injection facilities, power generation, gas treatment and use, as well as gas pipeline infrastructure. The Program covers all the regions of Company operations and facilitates the widespread introduction of innovative, energy-saving, "green" technologies into production processes.</p> <p>Rosneft has also made a significant progress in combating greenhouse gas emissions. In 2022, Rosneft continued application of the methane leak detection technologies using unmanned aerial vehicles (drones) and ground monitoring. While implementing the Programme, 341 facilities were inspected using drones and 525 facilities were checked for methane leaks using ground-monitoring system in 24 production subsidiaries. This work resulted in development of a set of measures aimed at effective elimination of the detected methane emissions.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/04/pic_28062023_7.jpg" />Consistent and systematic work on implementing the "Rosneft-2030: Reliable Energy and Global Energy Transition" strategy has naturally led to improvement in the key environmental indicators in 2022 as compared to the previous year. In 2022, the Company reduced the absolute volume of greenhouse gas emissions by 11% vs. the base year of 2020.</p> <p>In 2022, Rosneft increased production and retail sales of high-tech fuels with improved environmental characteristics such as Euro-6 and Pulsar. Euro-6 gasoline is now available at 773 retail sites in the 12 Russian regions: the Republic of Bashkortostan, the Krasnodar Territory, the Republic of Adygea, the Nizhny Novgorod, Smolensk, Tula, Kaluga, Ryazan, Vladimir, Chelyabinsk, and Moscow regions as well as in Moscow. Pulsar branded fuel is sold at 1 233 sites of the Rosneft retail network in 31 regions of Russia. The Company also plans to increase production of RMLS 40 environmentally friendly residual marine fuel.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/04/pic_28062023_8.jpg" />Rosneft's activities in the field of sustainable development imply not just minimizing environmental impact and improving environmental friendliness of its business, but also achieving net positive impact on ecosystems. The Company undertakes additional commitments related to increasing Russia's natural wealth, restoring, and reproducing its land, water, forest, and biological resources. For example, in 2022, Rosneft remediated more than 470 hectares of land, and over 90% of this work was done using the Company's own ecoservice. In addition, more than 55 million fingerlings of valuable and commercial fish species were released in the regions of Company operations as part of measures aimed at artificial reproduction of aquatic biological resources. Over the past three years, the Group subsidiaries have planted more than 18 million seedlings and young trees. During the period from 2020 to 2022, the Company&rsquo;s total &ldquo;green&rdquo; investments reached about 156 billion rubles.</p> <p>The year of 2022 marks the 10th anniversary of Rosneft's comprehensive scientific research in the Russian Arctic. The Company is implementing the most large-scale program since the Soviet times for a comprehensive study and environmental monitoring of the Arctic region - more than 40 expeditions have already been conducted, <img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/04/pic_28062023_9.jpg" />and new projects are launched on a regular basis. Particular attention is paid to projects aimed at preserving biodiversity and studying bioindicator species of northern ecosystems - polar bear, reindeer, Atlantic walrus, and Ivory gull. Rosneft's environmental initiatives involve the country's leading profile institutes and R&amp;D centers. Thus, the Company makes a significant contribution to the development of fundamental science and promising applied disciplines, contributes to replenishing scientific databases and making reliable climate forecasts.</p> <p>The updated Public position discloses the information on the Company's activities in the field of industrial safety, implementation of corporate and social programs that ensure development of the human capital and make a significant contribution to implementation of the national projects of the Russian Federation. Rosneft aims to continue contributing to the achievement of the UN sustainable development goals and to employ its best efforts in working for the benefit of present and future generations.</p> <p align="right"><b>Rosneft<br />Information Division<br />June 28, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />The largest in Surgutsky District sports and leisure complex has been opened in Bely Yar town with the support of RN-Yuganskneftegaz, Rosneft&rsquo;s leading production enterprise. Its construction and the supply of advanced digital equipment was financed under the Agreement on Cooperation between Rosneft Oil Company and the Government of Khanty-Mansi Autonomous District&mdash;Yugra.</p> Mon, 19 Jun 2023 14:29:00 +0300 https://www.rosneft.com/press/news/item/214835/ <p>The largest in Surgutsky District sports and leisure complex has been opened in Bely Yar town with the support of RN-Yuganskneftegaz, Rosneft&rsquo;s leading production enterprise. Its construction and the supply of advanced digital equipment was financed under the Agreement on Cooperation between Rosneft Oil Company and the Government of Khanty-Mansi Autonomous District&mdash;Yugra.</p> <p>Rosneft is committed to the principles of high social responsibility, traditionally paying special attention to creating a favourable social environment in the regions of operation.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/14/01/pic_19062023_2.jpg" />An area of almost 8,000 m&sup2; of the Bely Yar cultural and leisure complex accommodates two choreographic gymnasiums, a design studio with an exhibition space, a rehearsal hall for 60 seats with its own stage. There are separate rooms for vocal and choral singing classes, as well as an art studio and a library. The complex can accommodate up to 30 creative groups.</p> <p>A large concert hall for 350 seats, equipped with a 8x5 m digital screen, light and sound systems, can host artists from Russia and all over the world. The stage&rsquo;s special surface <img style="margin: 5px; float: left;" src="/upload/site2/attach/0/14/01/pic_19062023_3.jpg" />is designed to support professional ballet performances.</p> <p>The three floors of the library house a conference room, children&rsquo;s and adult reading rooms, a local history multimedia centre, a creative ideas centre with equipment for workshops on trending areas, a comics centre and VR space, an intellectual room with National Digital Library resources for lectures and presentations, and a book repository with 60,000 items. There is a digital kiosk in the lobby where visitors can find out information about current events and book releases. <img style="margin: 5px; float: right;" src="/upload/site2/attach/0/14/01/pic_19062023_4.jpg" />Up to 170 people can visit the library per day. Access ramps are provided for people with special needs.</p> <p>The new complex will become the centre of cultural life in the entire Surgutsky District, a platform for the support and development of folk art, and a venue for exhibitions, concerts, theatre performances, lectures and other events.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for Editors:</strong></p> <p>RN-Yuganskneftegaz is a key oil production asset of Rosneft Oil Company. The company is developing over 22,000 km² of oilfields at 41 license areas in Khanty-Mansi Autonomous District&mdash;Yugra. The accumulated output of RN-Yuganskneftegaz has exceeded 2.6 billion tonnes of oil since the start of commercial operation.</p> <p>RN-Yuganskneftegaz implements important social projects in the area of its operations. Construction of cultural, leisure and sports complexes, healthcare facilities, kindergartens and schools, stadiums and sports grounds is financed under the Cooperation Agreement between Rosneft and the Government of the Khanty-Mansi Autonomous District&mdash;Yugra.</p> </div> <p align="right"><b>Rosneft<br />Information Division<br />June 19, 2023</b></p> <p>Rosneft completed its work at the XXVI St. Petersburg International Economic Forum.</p> Sat, 17 Jun 2023 23:59:00 +0300 https://www.rosneft.com/press/news/item/214823/ <p>Rosneft completed its work at the XXVI St. Petersburg International Economic Forum. A number of working meetings with partners were held and about 30 agreements were signed as part of the business program. Traditionally, Igor Sechin, the Company's Chief Executive Officer, presented the keynote speech at the Forum's Energy Panel.</p> <p>On the sidelines of SPIEF, the Company signed a number of documents aimed at development of its retail network. Rosneft and the Moscow City Tourism Committee signed a Memorandum of Cooperation on the integrated development of domestic tourism, including autotourism, promotion of the Moscow tourist potential at the facilities of the Rosneft filling stations network. A Letter of Intent was signed with companies from Venezuela on supplies of grain coffee and cocoa, as well as chocolates and other products for the retail chain cafes.</p> <p>At the forum, Rosneft also signed a Memorandum of Cooperation in the Research and Development with one of the leading China's higher schools, Tsinghua University. One of the key areas of cooperation will also be a joint research in the field of carbon management.</p> <p>Another document addressing studies in the field of low-carbon development was entered into with Innopraktika, a non-state development institute, which will generate maps of geological sites in Russia that are potentially suitable for environmentally stable CO2 storage. Rosneft, Innopraktika and RosGeo also agreed to cooperate in the study of the Russian continental shelf, which will include scientific drilling of shallow stratigraphic wells in the East Siberian Sea for core sampling. Innopraktika will also cooperate with Rosneft in expanding functionality of the RN-Digital Core corporate software system.</p> <p>Various agreements with the Ministry of Economic Development, the state corporation Roscosmos, the three Russian regions of the Siberian Federal District (Krasnoyarsk Territory, Tyumen Region, Khanty-Mansi Autonomous District-Yugra) and many others were signed during the forum.</p> <p>The key event of the industry part of the St. Petersburg International Economic Forum was traditionally the Energy Panel, where Igor Sechin, the head of Rosneft, presented the keynote speech.</p> <p>Igor Sechin in his report titled "Sodom and Gomorrah in the Energy Market: God's Wrath or Organized Chaos? Save Yourself if You Can" presented an analysis of the energy transition and climate changes. The head of Rosneft paid special attention to the volatility of the global financial and economic systems, the U.S. banking crisis and the declining role of dollar as a reserve currency. Igor Sechin also touched upon coordination within the OPEC+ and gave his outlook for the hydrocarbons market.</p> <p>Summarizing his report, Igor Sechin presented a roadmap for improving the efficiency of the Russian energy sector in the face of unprecedented external challenges, and made a number of proposals that are designed to provide the domestic economy with affordable energy, which is a key resource for sustainability and development of the domestic economy.</p> <p>The Energy Panel was attended by the heads of the world&rsquo;s largest companies and recognized market experts: CNPC Chairman Dai Houliang; Managing Director of ValPro India, Govind Kottis Satish; Chairman of the Supervisory Board of ICEF (Innovation for Cool Earth Forum), a non-profit low-carbon technology initiative of the Japanese Government; Executive Director of the International Energy Agency from 2007 to 2011 Nobuo Tanaka; President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf; Vice President of China and Asia Pacific's leading university, Tsinghua University, Member of the Chinese Academy of Sciences Jiang Peixue; Chairman and CEO of Oil &amp; Petroleum Holding International Resources (OPHIR) Pedro A. Aquino Jr.; Martin Wiewiorowski and CEO and Managing Director of Kenya National Petroleum Corporation Leparan Gideon ole Morinthat.</p> <p>The key energy session of the forum was also attended by a delegation from the Bolivarian Republic of Venezuela, led by the Head of the Central Bank, as well as representative delegations from China, Azerbaijan, Mongolia, Indonesia, Nicaragua and Brazil. Also present were the sons of the legendary Nicaraguan President Daniel Ortega (Laureano and Daniel). The Energy Panel was moderated by Alexander Dynkin, Academician of the Russian Academy of Sciences and President of the Institute of World Economy and International Relations of the Russian Academy of Sciences.</p> <p>Igor Sechin, Chief Executive Officer of Rosneft, also held a series of working meetings with foreign partners as part of the St. Petersburg International Economic Forum.</p> <p>In particular, Igor Sechin and Dai Houliang (CNPC) discussed the prospects of joint production projects, as well as cooperation in the technological area.</p> <p>The head of Rosneft also had a working meeting with Jamshid Khodjaev, Deputy Prime Minister of Uzbekistan, on the sidelines of the SPIEF. During the meeting, the parties greeted the growth of trade turnover between the two countries.</p> <p>During the meeting between Igor Sechin and Mongolian Minister of Energy Battogtokhin Chojilsuren such areas of cooperation as the supply of Russian oil products, participation of Russian companies in the modernization and development of the Mongolian electricity sector as well as joint humanitarian projects were discussed.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br /></b><b>June 17, 2023</b></p> <p>The Energy Panel was held as part of the XXVI St. Petersburg International Economic Forum, sponsored by Rosneft Oil Company</p> Sat, 17 Jun 2023 23:31:36 +0300 https://www.rosneft.com/press/news/item/214819/ <p>The Energy Panel was held as part of the XXVI St. Petersburg International Economic Forum, sponsored by Rosneft Oil Company. Igor Sechin, the Company's Chief Executive Director, gave the keynote speech at the event.</p> <p>The head of Rosneft in his report titled "Sodom and Gomorrah in the Energy Market: God's Wrath or Organized Chaos? Save Yourself if You Can" presented an analysis of the energy transition and climate changes. Igor Sechin paid special attention to the volatility of the global financial and economic systems, the U.S. banking crisis and the declining role of dollar as a reserve currency.</p> <p>Igor Sechin also presented a roadmap for improving the efficiency of the Russian energy sector in the face of unprecedented external challenges.</p> <p>The event was attended by CNPC Chairman Dai Houliang; Managing Director of ValPro India, Govinda Kottis Satish; Chairman of the Supervisory Board of ICEF (Innovation for Cool Earth Forum), a non-profit low-carbon technology initiative of the Japanese Government; Executive Director of the International Energy Agency from 2007 to 2011 Nobuo Tanaka; President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf; Vice President of China and Asia Pacific's leading university, Tsinghua University, Member of the Chinese Academy of Sciences Jiang Peixue; Chairman and CEO of Oil &amp; Petroleum Holding International Resources (OPHIR) Pedro A. Aquino Jr.; Martin Wiewiorowski and CEO and Managing Director of Kenya National Petroleum Corporation Leparan Gideon ole Morinthat.</p> <p>The Energy Panel was attended by a delegation from the Bolivarian Republic of Venezuela, led by the Head of the Central Bank, as well as representative delegations from China, Azerbaijan,<img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_9i.jpg" /> Mongolia, Indonesia, Nicaragua and Brazil.</p> <p>Also present were the sons of the legendary Nicaraguan President Daniel Ortega (Laureano and Daniel).</p> <p>The Energy Panel was moderated by Alexander Dynkin, Academician of the Russian Academy of Sciences and President of the Institute of World Economy and International Relations of the Russian Academy of Sciences.</p> <p>CONSEQUENCES OF &ldquo;GREEN ENERGY TRANSITION&rdquo;</p> <p>The climate change is an objective <b>cyclical process</b>. The climate has been changing throughout the Earth's history, including periods of both global cooling and warming, which were related to various cycles of solar activity. All the efforts of the scientific community should be focused on studying the nature of these very phenomena, in the course of an open and unbiased discussion, Igor Sechin stated in his speech.&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;</p> <p>In his opinion, the West&rsquo;s attempted utopia of a green transition has already had disastrous global consequences. "The adherents of the "green energy transition," without clearly defined goals, sound technologies, and an understanding of the long-term consequences of their actions, launched a process that created a crisis in the global energy industry and spun inflation in world markets. "All this was exacerbated by the impact of the pandemic", - Igor Sechin pointed out.</p> <p>The declared energy transition is not backed up with required resources and technologies. "Unfortunately, the declared energy transition is not backed by the necessary technologies. We are faced with the fact that "renewable energy" is in fact not renewable", - the head of Rosneft said.</p> <p>At the same time, <b>petroleum technologies</b> are currently <b>at the peak of their development</b>; they have no equals in technical and economic efficiency, and in terms of physical indicators - energy density and heat of combustion - they can be surpassed only by hydrogen and thermonuclear fusion technologies, which are still undeveloped.</p> <p><img style="margin: 5px; float: left;" src="/upload/site1/attach/0/22/03/pic_17062023_17.jpg" />According to Igor Sechin, the fallacy of <b>abandoning oil and gas</b> is recognized even by oil and gas companies, which had previously staked on an accelerated energy transition, now postponing previously announced goals. Thus, for example, <b>BP</b> <b>acknowledged</b> in February of this year <b>that the world needed oil</b> and gas more than the company had previously expected and is investing additional $8 billion in new production projects by 2030. <b>Shell has revised its strategic targets</b> with a focus on long-term stability and maintaining production that provides shareholders with higher returns compared to "green" projects. <b>ENI</b> announced a 15% increase in investment over the 4-year horizon, mainly from oil and gas exploration and production. "To date, improving technology in conventional production has a greater effect in terms of real emission reductions than investing in immature "alternative" technologies. Thus, at the current stage of the green transition, the oil and gas sector itself should become a priority", - the head of Rosneft believes.</p> <p>Also in his opinion, the key issue is the price of the energy transition. According to the assessment made by the IEA, by 2030 investment in "clean energy" should grow almost threefold from the current US$ 1.7 trillion to US$ 4.6 trillion per year, that is, from 2% to 5% of world GDP.</p> <p>McKinsey estimates that achieving Net Zero will require at least US$ 9.2 trillion in annual spending until 2050 (which is US$ 250 trillion) on major industries alone: energy, transportation, industry, utilities, agriculture and forest-climate projects, of which US$ 3.5 trillion is for new low-emission assets and associated infrastructure.</p> <p>GLOBAL WARMING AND INCREASED ENERGY CONSUMPTION</p> <p>Global warming is a significant factor in the growth of energy consumption, Igor Sechin said.</p> <p>According to him, ventilation and air conditioning already accounts for about 10% of the world's energy production.</p> <p>"And by 2050 global demand for indoor climate could triple, surpassing the US and the EU together in terms of total energy consumption", - the head of Rosneft pointed out. The Russian oil and gas industry can meet the inevitably growing demand. This includes the resources of new fields in the country's Arctic zone.</p> <p>U.S. DEFAULT - CATALYST FOR GLOBAL DISASTER</p> <p>Both global practice and our own experience show that disasters are caused by a combination of factors that were not taken into account, and some of them are simply impossible to take into account, Igor Sechin pointed out.</p> <p><img style="margin: 5px; float: right;" src="/upload/site1/attach/0/22/03/pic_17062023_12.jpg" />According to him, a chain of unforeseen circumstances is also added to these fundamental causes. "A similar unaccounted factor in the global markets decline that has already started could be, and still can be the U.S. default", - Sechin said.</p> <p>In his opinion, the systematically repeated story with the debt ceiling and the threat of a technical default by the U.S. is perceived by many as a political circus; but in fact, at the heart of the problem is <b>the real delayed bankruptcy of the US</b>. <b>"The enormous debt cannot be repaid. And the further it goes, the more impossible it will be to service it at rising rates", - the head of Rosneft believes.&nbsp; </b></p> <p>Over the past 30 years, the U.S. national debt has soared <b>tenfold</b>, from US$ 3 trillion to already <b>over US$ 31 trillion</b>. This is twice as fast as economic growth, and the cost of servicing it can reach US$ 1 trillion a year, which is 1/5 of the budget, and this figure is growing.</p> <p><b>The main holders of U.S. debt are Asia-Pacific countries, especially Japan and China.</b> <b>They are under the biggest threat and are the ones who bear the main risks, Sechin believes.</b> <b>"That is, the problem with the biggest holders of U.S. debt is that Americans have a debt problem. As a famous quote of a Russian writer Ivan Krylov goes: "It's your fault that I'm hungry." Or, as the former U.S. Treasury Secretary John Bowden Connally noted back in the early 1970s, "The dollar is our currency, but your problem", the head of Rosneft pointed out during his speech. </b><b></b></p> <p>ABANDONING THE DOLLAR MINIMIZES THE RISKS OF THE CRISIS</p> <p><b>The dollar is becoming a problem</b> both as a reserve currency and as an instrument of international payments, Sechin believes. At the same time, according to his words, the dollar will remain the main settlement instrument and the main reserve currency for a long time due to the huge dollar-based system of financial instruments and mechanisms to influence prices, exchange rate policy etc.</p> <p>"Yes, <b>the dollar</b> is losing its position at an accelerating rate, but <b>it will be dying slowly</b>, and it is necessary to be saved urgently. And here a huge <b>role belongs to central banks</b> of the countries seeking to preserve their sovereignty, to organize a system of clearing, mutual settlements, swaps, financial data transfers, and new payment and settlement systems", - the head of Rosneft said.</p> <p>Moving away from settlements in dollars, building new payment mechanisms and establishing new logistical chains will allow the minimization of new risks of crises, stated Igor Sechin.</p> <p>"New risks bring about the necessary decisions to be taken to minimize them. These include the formation of new payment mechanisms, moving away from the dollar and creating new secure supply chains to access new markets", - he said.</p> <p>According to him, now the countries of the Asia-Pacific region have started to gain the advantages that Europe used to have, and those were the basis for the competitiveness of the European.</p> <p>"Lockdowns and barriers to trade and investment have led to stagnation; cooperation has been replaced by fragmentation and regionalization. Everything that we used to think of as signs of liberal democracy and free markets is ceasing to exist", - Igor Sechin said.</p> <p>In his words, what is happening is the destruction of the foundations of the international law, in particular, the contract law, the destruction of the arbitration system, the destruction of all the institutions of a market economy.</p> <p>"Investment cycles, which in our industry have a duration of 30 to 50 years, became subordinated to short-term electoral cycles. Long-term investment tasks are replaced by short-term opportunistic goals and political demagogy. All of this is spinning the flywheel of chaos that is heading for collapse", - the head of Rosneft said.</p> <p>Igor Sechin pointed to the fact that any increase in resources today is more expensive, and we need more and more of them. "It is also necessary to take into account that all intentions, ambitions and plans for radical changes are limited by the enormous inertia of the economy, and to overcome this inertia we need additional costs and this does not guarantee the desired result", - he added.</p> <p>THE RUBLE IS ONE OF THE MOST RESOURCE-BACKED CURRENCIES</p> <p><img style="margin: 5px; float: left;" src="/upload/site1/attach/0/22/03/pic_17062023_16.jpg" />To qualify as a new reserve currency, a country must have a sufficiently large and stable economy, and free and barrier-free capital transactions as well, Igor Sechin, the Chief Executive Director of Rosneft Oil Company, pointed out.</p> <p>"The currencies backed by commodity flows, giving them weight and liquidity, become promising. Above all, it concerns the yuan. The ruble is one of the most resource-backed currencies", - he said.</p> <p>However, according to Igor Sechin, there are at least two problems &ndash; a geopolitical pressure from the current hegemon and the risks associated with the lack of the targeting of the ruble exchange rate, which does not enable it to support cross-border lending and prevents the ruble from becoming a regional settlement system.</p> <p>DEFICIT IN THE OIL MARKET</p> <p>Speaking about the problems of global energy and the economy, Igor Sechin noted that underinvestment in the oil industry will inevitably create a deficit in the market and lead to higher oil prices.</p> <p>"According to the current forecasts of the IEA and OPEC, global oil demand will grow by 2.4 mbpd in 2023, setting a new record of 102 mbpd.", - Igor Sechin said.</p> <p>In the long term, physical volumes of oil consumption are estimated to grow by about 15 mbpd (+15%) by 2045, and oil, together with natural gas, will continue to satisfy more than 53% of global demand for primary energy, he pointed out.</p> <p>Among the factors increasing the demand for energy, the head of Rosneft highlighted the underestimation of the real potential of consumption growth in Africa. Igor Sechin reminded that according to the UN forecast, by 2050 Africa's population will increase by 74% up to 2.49 billion people, while in other regions the population will grow by an average of only 10%. Africa will account for 34% of the world's population, up from 22% today.</p> <p>At the same time, the Chief Executive Director of Rosneft cited underinvestment in the industry as the key reason for the inevitable shortage of energy resources and rising oil prices. He emphasized that Underinvestment occurs not only in production, but also in exploration, which has already led to insufficient production replenishment by the addition of new reserves (the replenishment is about 90%). The scope of exploration drilling has been steadily declining, and its focus has been on increasingly deep-water areas. Today the average size of discovered fields in the world is about 15 million tons of oil equivalent, which is not comparable with the giant discoveries of the 1970s made in that time in Saudi Arabia, Russian Siberia, and the US.</p> <p>OPEX+ NEEDS MONITORING OF BOTH PRODUCTION AND EXPORTS</p> <p>As Igor Sechin noted, OPEC countries are finding it more difficult to reach common solutions due to differences in economic structure and production dynamics. For example, the Middle Eastern OPEC countries are increasing production and diversifying their economies by developing the non-oil sector, while the African OPEC countries are steadily reducing production, losing their weight in the global oil market.</p> <p>In this regard, the head of Rosneft believes it would be advisable to ensure monitoring not only of production quotas, but also of oil export volumes, given the different sizes of domestic markets. Since a number of OPEC+ countries export up to 90% of their oil production, while Russia at the same time supplies about 50% to the market, this puts our country in a less favorable position under the existing mechanism for assessing influence and access to key sales markets.</p> <p>While announcing the current voluntary production cuts, Saudi Arabia is concurrently increasing its production capacity and its drilling rig count could grow by at least 25% in the next 2 years, as evidenced by contractor companies and the scope of contracts signed for drilling and infrastructure development, the head of Rosneft noted. Consequently, about 2 million bpd of new production capacity will be commissioned in Saudi Arabia by 2025-2027.</p> <p>"Notwithstanding the record reserves life in the Middle East (Saudi Arabia and the UAE reserve-to-production ratio is about 70 years, Kuwait and Iraq - about 100 years), the mankind will face the acute problem of production capacity shortage in the years to come, and the OPEC countries will not be able to satisfy the growing demand any more", - Igor Sechin said.</p> <p>RISE IN OIL PRODUCTION</p> <p>Only some countries, including Russia, are able to increase the production of liquid hydrocarbons in the world in the long term, said Igor Sechin, Chief Executive Director of Rosneft.</p> <p>He reminded that the record oil reserves in Venezuela, exceeding those of Saudi Arabia, remain under the strongest pressure from the U.S. In this context, Chevron is working on obtaining exemptions from the sanctions regime and has resumed imports of Venezuelan oil only to the U.S., to U.S. refineries. Country risks for Venezuela are still very high, the head of Rosneft pointed out.</p> <p><img style="margin: 5px; float: right;" src="/upload/site1/attach/0/22/03/pic_17062023_13.jpg" />Anticipating a global shortage and with no potential for its own production growth, ExxonMobil is intensifying its control of resources in neighboring Guyana. In 2027, oil production capacity there will increase from the current 400,000 bpd to about 1.2 million bpd. However, the projected production growth in Guyana will be offset by production declines in Mexico, Canada, Norway and other countries, the head of Rosneft said.</p> <p>"Thus, only some OPEC countries, as well as Russia, actually have the potential for long-term growth of liquid hydrocarbons production in the world, as the resource base of their new projects is comparable to the resource base of all new prospective production regions in the world", - Igor Sechin said.</p> <p>"We are prepared to face new challenges", - he emphasized. &ndash; "As we know, Rosneft is distinguished by the lowest per unit operating costs, financial stability, and a high level of consolidation. As a result, the company's capitalization is showing decent dynamics despite the difficulties. Against this background, the corporate principles that Rosneft has always relied on are more relevant than ever: trustworthiness, long-term commitment, and respect for partners' interests!".</p> <p>ROADMAP FOR THE RUSSIAN ENERGY</p> <p>Igor Sechin pointed out that the Russian energy sector is ready for the challenges. "Our stability, despite any pressure, is guaranteed, but nevertheless, there are issues whose solution will be of great importance for providing affordable energy to industry, housing sector and agriculture", the head of Rosneft said.</p> <p>According to him, there are a number of tasks, the solution of which will improve the efficiency of the Russian energy industry and provide industry and household consumers with cheap and affordable energy.</p> <p>In particular, according to Igor Sechin, there is an urgent need to create an international payment and settlement system that would be independent of toxic currencies.</p> <p>"We cannot wait for the dollar to be replaced by one currency or another. This is a question addressed to the central banks of sovereign states and the domestic regulator", - the head of Rosneft said.</p> <p>For the development of the insurance system and cross-country cooperation the support of the Central Bank is needed, but the active involvement of the market participants themselves is also important, said Igor Sechin.</p> <p>The high cost of borrowing is the main obstacle to industrial development, and it is certainly one of the main issues of economic policy, Igor Sechin stated.</p> <p>"It is necessary to focus the banking system on crediting the economy, subject, of course, to effective control of inflationary processes", &ndash; said Igor Sechin.</p> <p>Besides, over the past 10 years, a number of systemic issues have been accumulated in the energy sector, resulting in energy price increases reaching more than 200% over this period.</p> <p>"The increase in installed capacity over the same period exceeded the growth in demand by a factor of two, which led to a decrease in the installed capacity utilization factor. However, all generation, including unused and inefficient generation, continues to be paid for capacity", - the head of Rosneft said.</p> <p>He reminded that a marginal pricing principle is applied in the market - all suppliers sell energy at the price of the last, least efficient generating company.</p> <p>"It appears very important to exclude capacity delivery agreements for projects carried out with budgetary funds", - Igor Sechin said.</p> <p>The head of Rosneft said that the reduction of tax revenues to the budget from the gas industry should not affect the redistribution of the fiscal burden in terms of increasing it in respect of oil companies.</p> <p>"The thesis that comes from our financial authorities about the loss of oil and gas revenues seems incorrect because it was gas revenues that "fell out", and this has to be treated with understanding, so it is not a reason to shift the tax burden to the oil industry", - Igor Sechin said.</p> <p>Construction of new gas pipelines heading east opens up the opportunity to tap into the vast resources of Eastern Siberia, where the reserves of independent producers exceed 4 trillion, the head of Rosneft said.</p> <p>"It becomes possible to finally create more transparent conditions for all market participants in gas production, transportation and sales", &ndash; Igor Sechin pointed out.</p> <p>According to him, opportunities for the domestic gas market development are unlocked.</p> <p>"The potential freed up should be used to stimulate domestic demand for gas and accelerate gas infrastructure expansion", - Igor Sechin noted.</p> <p>HEADS OF MAJOR ENERGY COMPANIES TOOK PART IN THE ENERGY PANEL</p> <p>Heads of major energy companies and leading market experts also took part in the Energy Panel.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_3i.jpg" /><b>Dai Houliang, the Chairman of the Board of Directors of CNCP</b> said during his speech that a meaningful energy transition must be realized. "We're not saying that we won't need traditional forms of energy in the future, just that there will be a change in the shares," he said.</p> <p>The head of CNPC said that the world was in a stage of profound change, which has not been seen in the last hundred years. "The international geopolitical situation is very complicated, it has an impact on international business, the production chains and supply of energy resources have been hit hard. And in such a difficult environment, we must do everything possible to help countries continue to cooperate with each other," he pointed out.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_4.jpg" />"In this regard, it is necessary to deepen energy cooperation between Russia and China in the field of oil and gas, as well as new energy sources," Dai Houliang said. "We must create new platforms, a new situation for such cooperation around the world. We must play the role of those countries that will promote cooperation built on the principles of openness and fairness. Once again I would like to emphasize that this is how we can solve all problems," he concluded.</p> <p><b>Vinod Kumar, Executive Director of Indian Oil,</b> also addressed the issue of the need for cooperation to ensure energy security. According to him, Russia is a time-tested partner for India, and cooperation between the countries is actively developing. "The share of Russian crude oil imports, which was less than 2% last year, has increased tenfold to 20%. I expect this figure to reach 30% in the current fiscal year," he said.</p> <p>"Thus, it is guaranteed that trade between the two countries will grow even stronger and Russia will be given a serious role in ensuring India's energy security," Vinod Kumar concluded.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_5i.jpg" /><b>Adviser to "Advantage Energy" Martin Wiewiorowski</b>, who has more than 40 years of experience in the oil and gas industry, including in Russia, called the changes taking place in the energy sector today incredibly significant. Among the main signs of these troubled times, Wiewiorowski singled out the lack of energy resources and the industry's significant underinvestment.</p> <p>"Investments are constantly decreasing, as we note this trend at the global level, and the decline is about 5% annually. At the same time, the total CAPEX in the industry has fallen by almost 40% over the last ten years, not adjusted for inflation. We're also seeing a persistent lack of financing, which is driving up the cost of new projects," he said.</p> <p>According to the expert, the Russian oil industry is doing relatively well compared to the rest of the world.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_6.jpg" />According to <b>Leparan G. Ole Morintat</b>, Africa is a very young and rapidly developing continent, which is why its countries need access to the energy sources.</p> <p>"Russia and Kenya have great prospects for cooperation in the field of the energy sector. "The competencies of Russian energy companies, especially such as Rosneft, in the field of geological exploration, production and construction of the relevant infrastructure can certainly help the National Oil Company of Kenya to more effectively monetize and develop the newly discovered fields in the country and effectively use our mandate to create an energy value chain. Undoubtedly, Russia can have an active presence in the Kenyan market, and more importantly, this may also involve the establishment of joint ventures," Ole Morintat said.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_7i.jpg" />"The report of Igor Sechin that we heard clearly shows that oil and gas will be the main sources of energy for many decades to come," <b>SOCAR head Rovshan Najaf</b> said. - "Therefore, we need to think about how to find ways not to reduce the use of fossil fuels, but to reduce emissions".</p> <p>In his view, underinvestment in the oil and gas industry has been a problem throughout the past decade and remains one today. At the same time, financial institutions have been unwilling to finance exploration and production and have been less inclined to give loans. "We have to fight, we have to explain and clarify that there is a way to achieve this goal of reducing emissions through technology development.<img style="margin: 5px; float: right;" src="/upload/site1/attach/0/22/03/pic_17062023_8.jpg" /> We need help, support and engagement from our partners," Najaf added.</p> <p>"Oil and gas operations now account for almost 15 percent of energy-related greenhouse gas emissions, and the industry has the capacity and resources to reduce them quickly and cost-effectively," said <b>Nobuo Tanaka</b>, former Executive Director of the International Energy Agency.</p> <p><a href="/upload/site2/attach/0/16/SPIEF_2023_ENG_MR.PDF">REPORT OF THE CHIEF EXECUTIVE OFFICER OF ROSNEFT I.I. SECHIN AT THE SPIEF ENERGY PANEL</a></p> <p><a href="/upload/site2/attach/0/16/SPIEF_2023_ENG.PDF">PRESENTATION OF I.I. SECHIN`S REPORT AT THE SPIEF ENERGY PANEL</a></p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br /></b><b>June 17, 2023</b></p> <p>Heads of major energy companies and leading market experts took part in the energy panel "World Energy Transformation" under the XXVI St. Petersburg International Economic Forum</p> Sat, 17 Jun 2023 16:17:43 +0300 https://www.rosneft.com/press/news/item/214811/ <p>Heads of major energy companies and leading market experts took part in the energy panel "World Energy Transformation" under the XXVI St. Petersburg International Economic Forum.</p> <p>The event, sponsored by Rosneft, featured speeches by Dai Houliang, Chairman of the Board of Directors of CNPC; Martin Vayvirovsky, Independent Expert; Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan;<img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_9i.jpg" /> Leparan Gideon Ole Morintat, CEO of The National Corporation of Kenya; Vinod Kumar, Executive Director of Indian Oil Corporation Limited; and Nobuo Tanaka, Chairman of ICEF Supervisory Board and former IEA Executive Director. The session was moderated by Alexander Dynkin, Academician of the Russian Academy of Sciences and President of the Institute of World Economy and International Relations of the Russian Academy of Sciences.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_3i.jpg" /><b>Dai Houliang, the Chairman of the Board of Directors of CNCP </b>said during his speech that a meaningful energy transition must be realized. "We're not saying that we won't need traditional forms of energy in the future, just that there will be a change in the shares," he said.</p> <p>The head of CNPC said that the world was in a stage of profound change, which has not been seen in the last hundred years. "The international geopolitical situation is very complicated, it has an impact on international business, the production chains and supply of energy resources have been hit hard. And in such a difficult environment, we must do everything possible to help countries continue to cooperate with each other," he pointed out.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_4.jpg" />&ldquo;In this regard, it is necessary to deepen energy cooperation between Russia and China in the field of oil and gas, as well as new energy sources,&rdquo; Dai Houliang said. "We must create new platforms, a new situation for such cooperation around the world. We must play the role of those countries that will promote cooperation built on the principles of openness and fairness. Once again I would like to emphasize that this is how we can solve all problems," he concluded.</p> <p><b>Vinod Kumar, Executive Director of Indian Oil</b>, also addressed the issue of the need for cooperation to ensure energy security. According to him, Russia is a time-tested partner for India, and cooperation between the countries is actively developing. "The share of Russian crude oil imports, which was less than 2% last year, has increased tenfold to 20%. I expect this figure to reach 30% in the current fiscal year," he said.</p> <p>&nbsp;"Thus, it is guaranteed that trade between the two countries will grow even stronger and Russia will be given a serious role in ensuring India's energy security," Vinod Kumar concluded.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_5i.jpg" /><b>Adviser to "Advantage Energy" Martin Wiewiorowski, </b>who has more than 40 years of experience in the oil and gas industry, including in Russia, called the changes taking place in the energy sector today incredibly significant. Among the main signs of these troubled times, Wiewiorowski singled out the lack of energy resources and the industry's significant underinvestment.</p> <p>"Investments are constantly decreasing, as we note this trend at the global level, and the decline is about 5% annually. At the same time, the total CAPEX in the industry has fallen by almost 40% over the last ten years, not adjusted for inflation. We're also seeing a persistent lack of financing, which is driving up the cost of new projects," he said.</p> <p>According to the expert, the Russian oil industry is doing relatively well compared to the rest of the world. "We see that the world's oil reserves are constantly decreasing - this is especially noticeable from the data for the last ten years. At the same time, we haven't heard about serious, big discoveries of fields for a long time. Unlike Russia, which was able to discover important fields for the world. This is certainly impressive. Siberia and offshore opportunities, the Russian Arctic and the Far East. The Arctic is very interesting in this respect, especially in the context of the development of the Northern Sea Route, which can certainly make the logistics for the Arctic fields extremely attractive," said Wiewiorowski.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/03/pic_17062023_6.jpg" />According to <b>Leparan G. Ole Morintat</b>, Africa is a very young and rapidly developing continent, which is why its countries need access to the energy sources.</p> <p>"Russia and Kenya have great prospects for cooperation in the field of the energy sector. "The competencies of Russian energy companies, especially such as Rosneft, in the field of geological exploration, production and construction of the relevant infrastructure can certainly help the National Oil Company of Kenya to more effectively monetize and develop the newly discovered fields in the country and effectively use our mandate to create an energy value chain. Undoubtedly, Russia can have an active presence in the Kenyan market, and more importantly, this may also involve the establishment of joint ventures," Ole Morintat said.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/03/pic_17062023_7i.jpg" />"The report of Igor Sechin that we heard clearly shows that oil and gas will be the main sources of energy for many decades to come," <b>SOCAR head Rovshan Najaf said</b>. - Therefore, we need to think about how to find ways not to reduce the use of fossil fuels, but to reduce emissions".</p> <p>In his view, underinvestment in the oil and gas industry has been a problem throughout the past decade and remains one today. At the same time, financial institutions have been unwilling to finance exploration and production and have been less inclined to give loans. "We have to fight, we have to explain and clarify that there is a way to achieve this goal of reducing emissions through technology development.<img style="margin: 5px; float: right;" src="/upload/site1/attach/0/22/03/pic_17062023_8.jpg" /> We need help, support and engagement from our partners," Najaf added.</p> <p>"Oil and gas operations now account for almost 15 percent of energy-related greenhouse gas emissions, and the industry has the capacity and resources to reduce them quickly and cost-effectively," said <b>Nobuo Tanaka</b>, former Executive Director of the International Energy Agency.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br /></b><b>June 17, 2023</b></p> <p>Igor Sechin, Chief Executive Officer of Rosneft, held a number of working meetings during the XXVI St. Petersburg International Economic Forum</p> Fri, 16 Jun 2023 23:59:00 +0300 https://www.rosneft.com/press/news/item/214765/ <p>Igor Sechin, Chief Executive Officer of Rosneft, held a number of working meetings during the XXVI St. Petersburg International Economic Forum.&nbsp;</p> <p>Igor Sechin and Dai Houliang, Chairman of the Board of Directors of China National Petroleum Corporation (CNPC), discussed potential joint production projects and technological cooperation.</p> <p>One of the key areas of cooperation between Rosneft and CNPC is oil supplies, the volume of which reaches 40 million tons per year under existing contracts. At the same time, the companies have now switched to payments for crude oil in national currencies. Cooperation between Rosneft and CNPC makes a significant contribution to achieving the $200 billion trade target set by the leaders of the two countries. The volume of trade between Russia and PRC is expected to exceed this level as early as in 2023.</p> <p>An important area of Rosneft and CNPC joint activity is the holding of the Russian-Chinese Energy Business Forum. A direct dialogue between Russian and Chinese energy companies remains one of the most effective tools for increasing the bilateral trade turnover. The Forum is officially supported by the leaders of the two countries - the President of the Russian Federation Vladimir Putin and the President of the People's Republic of China Xi Jinping. The fifth anniversary forum will welcome its guest in China in the autumn of 2023.</p> <p>On the sidelines of SPIEF 2023 Igor Sechin also had a working meeting with Jamshid Khodjaev, Deputy Prime Minister of the Republic of Uzbekistan. During the meeting, the parties noted with satisfaction the growth of trade turnover between the two countries. At the end of 2022, Russia became Uzbekistan's largest trade partner accounting for 18.6%. The growth of mutual trade amounted to 26% and exceeded $8.7 billion. At the same time, Russia remains one of the main suppliers of energy resources to Uzbekistan, its share in imports being about 32%.</p> <p>In early 2023, the Presidents of Russia and Uzbekistan set a goal to expand cooperation in the energy sector. To this end, the parties discussed the possibility of increasing Rosneft's supplies of oil products to Uzbekistan.&nbsp;</p> <p>Igor Sechin and Mongolian Minister of Energy Battogtokhin Chojilsuren discussed such areas of cooperation as the supply of Russian oil products, participation of Russian companies in the modernization and development of the Mongolian electric power industry, and joint humanitarian projects as well.</p> <p>Rosneft has been operating in Mongolia's oil products market since 2005, providing reliable fuel supplies to the country.</p> <p>Since 2014, Rosneft has supported studies of Mongolian students in Bachelor Programs at Russian universities (Lomonosov Moscow State University, Moscow Institute of International Relations of the Ministry of Foreign Affairs of Russia (MGIMO), National University of Oil and Gas &ldquo;Gubkin University&rdquo;). Presently, 30 people have successfully graduated and received Bachelor Degrees. Another 39 people continue their studies.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br /></b><b>June 16, 2023</b></p> <p>On June 17, Rosneft Chief Executive Officer Igor Sechin is going to deliver a speech at the Energy Panel of the XXVI St. Petersburg International Economic Forum with a report &ldquo;Sodom And Gomorrah on the Energy Markets: Wrath of God or Organzied Chaos? Save Yourself if You Can."</p> Fri, 16 Jun 2023 20:30:09 +0300 https://www.rosneft.com/press/news/item/214763/ <p>On June 17, Rosneft Chief Executive Officer Igor Sechin is going to deliver a speech at the Energy Panel of the XXVI St. Petersburg International Economic Forum with a report &ldquo;Sodom And Gomorrah on the Energy Markets: Wrath of God or Organzied Chaos? Save Yourself if You Can."</p> <p>As part of the report, the head of Rosneft will present an analysis of the energy transition and climate change problem. The oil and gas industry, which is the guarantor of energy security, is increasingly becoming the target of aggressive actions by regulators that do not take into account the specifics of field operation and investment cycles of projects. Energy transition only exacerbates the situation as it increases the dependence of mankind on mineral resources and does not solve the problem of energy provision. In addition, it is not supported by the necessary technologies.</p> <p>Igor Sechin will pay special attention to the instability of the global financial and economic system, the US banking crisis and the declining role of the dollar as a reserve currency. Can something replace the dollar and how quickly? The answer to this question can be given during the Energy Panel.</p> <p>It is expected that the head of Rosneft will raise issues of actions coordination within OPEC+ and make a forecast regarding the hydrocarbon market prospects.</p> <p>Igor Sechin will also present a roadmap to improve the efficiency of the Russian energy sector in the face of unprecedented external challenges, and will make proposals that are designed to provide the domestic economy with affordable energy, a key resource for its sustainability and development.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br /></b><b>June 16, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Rosneft announced the winners of the Best Mentor 2022 competition in Moscow.</p> Tue, 06 Jun 2023 09:56:00 +0300 https://www.rosneft.com/press/news/item/214963/ <p>Rosneft announced the winners of the Best Mentor 2022 competition in Moscow.</p> <p>The Best Mentor competition is an annual event that assesses how effective each mentor is with their mentees and measures the effectiveness of the development of the mentoring system within the participating enterprises. At the same time, the competition is an opportunity to share experiences and best mentoring practices that can be implemented across the Company.</p> <p>In 2022, the competition involved more than 9,000 mentors of young workers and young professionals from 98 Company enterprises. In the final stage of the competition, 419 of the best mentors participated, of which 55 were identified as winners in the Company&rsquo;s 6 business blocks:</p> <ul> <li>&laquo;Upstream&raquo;,</li> <li>&laquo;Refining and Oil &amp; Gas Chemistry&raquo;,</li> <li>&laquo;In-house services&raquo;,</li> <li>&laquo;Corporate Services (CSIS)&raquo;,</li> <li>&laquo;Oil product supply&raquo;,</li> <li>&laquo;Shipbuilding and Ship Repair&raquo;.</li> </ul> <p>In 2023, development events were organised for all finalists based on the results of the competition.&nbsp; Fifty-five mentors from the 36 enterprises &ndash; winners, runners-up and nominees from the second stage of the competition &ndash; were invited to a business conference in Moscow. For the remaining mentors in the second stage, the development activities &ndash; seminars and training sessions &ndash; are delivered remotely.</p> <p>Mentoring is an essential element in the accumulation and transfer of professional knowledge, skills and experience to young employees. The corporate mentoring system includes: training and development of novice and experienced mentors, monitoring of mentoring system indicators, participation of mentors in corporate, industry and international professional skills competitions and championships.</p> <p>2023 has been declared the Year of the Teacher and Mentor by Presidential Decree No. 401 of 27 June 2022, and mentoring has been defined as a national value and idea.</p> <p align="right"><b>Rosneft<br />Information Division<br />June 6, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Environment Day is celebrated around the world every year on 5 June.</p> Mon, 05 Jun 2023 10:03:00 +0300 https://www.rosneft.com/press/news/item/214965/ <p>Environment Day is celebrated around the world every year on 5 June. The aim is to raise awareness of the responsible use of natural resources. The main theme of this year&rsquo;s eco-date was tackling plastic pollution and introducing the principles of a &laquo;circular economy&raquo;.</p> <p>At the end of 2022, Rosneft&rsquo;s green investments amounted to about 57 billion roubles, an increase of 4% year-on-year. The total over the past three years has been almost 156 billion roubles. Funds have been used to improve pipeline reliability, wastewater management, waste management and the reclamation of disturbed land, including &laquo;historic heritage&raquo;.</p> <p>The Company has prioritised a strategic initiative to achieve a net positive impact on ecosystems. This is achieved through the comprehensive implementation of circular economy measures, biodiversity conservation, the elimination of environmental &laquo;historical legacies&raquo; (contaminated land and waste generated by previous site owners), etc.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_05062023_3.jpg" />Rosneft is improving the efficiency of its waste management processes and introducing &laquo;circular economy&raquo; principles: developing metrics for monitoring, training Company employees and reducing the types of consumables. Rosneft enterprises separately collect secondary raw materials (plastics, paper, cardboard, scrap metal, etc.), which are transferred to specialised organisations for disposal. The Syzran refinery, for example, collected over 9 tonnes of waste paper and 200 kg of plastic for recycling in 2022.</p> <p>Last year, Rosneft ‑Lubricants became a member of the Waste Recycling Association, which allows it to meet targets for improving the environmental friendliness of production, developing an environmental culture and improving waste management processes.</p> <p>Rosneft has set itself the goal of eliminating the &laquo;historical legacy&raquo; by 2035, which will be achieved through the activities of an environmental &laquo;historical legacy&raquo; elimination programme.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_05062023_6.jpg" />Careful and sensible use of water resources is Rosneft&rsquo;s priority in environmental protection. For example, Bashneft&rsquo;s biological wastewater treatment plant is one of the largest in Eurasia in terms of wastewater treatment volume. The plant provides the highest level of wastewater treatment, allowing us to increase the volume of water reused in technological processes and significantly reduce the volume of water taken from natural sources.</p> <p>Samotlorneftegaz and Samaraneftegaz have completely stopped drawing water from natural reservoirs to maintain reservoir pressure. The Achinsk refinery&rsquo;s wastewater treatment plant system is now 99.8% efficient.</p> <p>Angarsk Petrochemical Company is also implementing measures to reduce the consumption of &laquo;fresh&raquo; water. Angarsk Petrochemical Company ‑is the first company in Eastern Siberia to abandon chlorination and switch to a more environmentally friendly method of waste treatment using ultraviolet light.</p> <p>Biodiversity conservation ‑is another important area of Rosneft&rsquo;s environmental activities. The Company carries out activities to replenish aquatic bio-resources, as well as large-scale scientific research on bio-indicator species and unique fauna.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_05062023_8.jpg" />Each year, the Company&rsquo;s subsidiaries replenish populations of sterlet, muksun, thymallus, peled, common carp, silver carp and other valuable fish species. For example, under an agreement with the government of the Khanty-Mansiysk Autonomous District &ndash; Yugra, Samotlorneftegaz and Kondaneft are implementing a project to preserve the Siberian sturgeon, which is listed as an endangered species in the Red Book. In total, more than 55 million fry of this valuable and commercially important fish were released into water bodies by 2022.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_05062023_4.jpg" />Komsomolsk Refinery is working with specialists from the Zapovednoe Priamurie nature reserve to conserve and restore the population of the red-listed Steller&rsquo;s sea eagle as part of the &laquo;Under Strong Wing&raquo; conservation project. The Sakhalinmorneftegaz-Shelf (Sakhalin-1 project) includes effective measures to protect grey whales, a rare species found in the enterprise&rsquo;s area of operations.<img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_05062023_10.jpg" /> The measures to protect the ecosystem have been developed by the oil companies based on many years of research and observations by leading biologists.</p> <p>RN-Uvatneftegaz launched a programme to study and protect the forest reindeer population in the Uvat district of the Tyumen region in 2022 and supported the publication of a unique book on specially protected natural areas in the Tyumen region. With the help of oil workers, specialists from Tyumen State University are studying the ornithological fauna and the state of populations of rare bird species listed in the Red Books of Russia and the Tyumen region.</p> <p>RN-Vankor launched a grant programme in 2022 to support scientific research of applied importance in the Taimyrsky Dolgano-Nenetsky District of Krasnoyarsk Territory, where the world&rsquo;s greenest production project, Vostok Oil, is being implemented. Scientists will assess the status of aquatic biological resources in the Yenisey Bay of the Kara Sea and goose-bird resources in the Western Taimyr, and develop measures for their conservation and rational use. The project will also assess the status and dynamics of the vegetation cover of the western part of the Taimyr.</p> <p>With the support of Vostsibneftegaz, the Tunguska State Nature Reserve continues to study the maral, the red deer. The enterprise is also implementing a grant programme to study the vegetation cover affected by natural fires in the territory of Evenkia. As part of the project, researchers will assess the rate of re-vegetation and develop recommendations for effective regeneration of these areas.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_05062023_9.jpg" />Much attention is paid to the restoration and compensation of forest plantations, which contribute to the sustainable development of ecosystems and the conservation of biodiversity. In total, Rosneft subsidiaries planted more than 7 million seedlings of various tree species last year.</p> <p>The number of participants in the volunteer movement is growing, and environmental projects are particularly popular, including Green Spring, &laquo;Live, Forest!&raquo;, Memory Tree and many others. Not only employees, but also their families, young people and schoolchildren are actively involved.</p> <p>Orenburgneft employees and Rosneft-classes schoolchildren held a joint environmental action. Thanks to the volunteers, about 40 km² of the banks of the Sorochinskoye Reservoir and the Buzuluk River have been cleaned.</p> <p>The successful environmental activities of Rosneft&rsquo;s subsidiaries received high public recognition: Angarsk Petrochemical Company, Samotlorneftegaz, RN-Vankor, Syzran, Novokuibyshevsk and Kuibyshev refineries won the Leader of Environmental Protection in Russia national contest in different years.</p> <p align="right"><b>Rosneft<br />Information Division<br />June 5, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />On the International Children&rsquo;s Day, Rosneft sums up the results of its activities related to supporting and developing children&rsquo;s social projects.</p> Thu, 01 Jun 2023 10:12:00 +0300 https://www.rosneft.com/press/news/item/214967/ <p>On the International Children&rsquo;s Day, Rosneft sums up the results of its activities related to supporting and developing children&rsquo;s social projects. Over the past three years, the Company&rsquo;s enterprises have organised more than a thousand activities for children. The Company allocated significant funds to construct and reconstruct sports, medical, educational, musical and artistic institutions, to develop children&rsquo;s and youth sports, to support large families, orphanages and social rehabilitation centers.</p> <p>Under the cooperation agreements with various regions of the Russian Federation, the Company implements projects for the social infrastructure development aimed at creating a friendly environment for ensuring a full life, health protection, education and upbringing of children.</p> <p>Employees of Rosneft&rsquo;s enterprises take an active part in various charitable campaigns, both nationwide and regional, targeting children, such as the New Year&rsquo;s Tree of Wishes, Help to Go to School, Caps of Kindness, Christmas Tree, Spring Week of Kindness, Giving Warmth to Children, First-Grader&rsquo;s Backpack, Getting Ready for School, No Child Is a Stranger, Father Christmas to Every Home, Gift for School, Father Christmas&rsquo;s Gift.&nbsp;</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_01062023_3.jpg" />In 2022, more than 15,000 Company volunteers actively participated in national and regional charity events to help orphans, the disabled and families in need.</p> <p>RN-Vankor supports adaptive sports activities for children with disabilities every year. With the help of oil workers, the Yenisei Ice children&rsquo;s sledge hockey tournament is held in the Krasnoyarsk Territory, and the national charity project Ski Dreams, which uses skiing to rehabilitate and socialise disabled children, is successfully implemented. Around 3,000 training sessions have been provided for children diagnosed with cerebral palsy as part of this unique project.</p> <p>Krasnoyarsk&rsquo;s educational institutions also receive ongoing support from RN-Vankor. Over several years, the enterprise has supported the renovation of schools in Igarka and Turukhansk, the Igarka Children&rsquo;s and Youth Sports School, and the construction of sports and playgrounds in villages, schools and kindergartens in the north of the Krasnoyarsk Territory. To celebrate Children&rsquo;s Day, RN-Vankor organised interactive playgrounds and sports competitions for children in Krasnoyarsk.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_01062023_4.jpg" />At the expense of the Achinsk Oil Refinery, the only modern surdology room in Achinsk was set up at the boarding school No. 3 for diagnostic, corrective and developmental work with children with hearing and speech disorders. In the regional rehabilitation centre for children and teenagers with disabilities, there is a unique space for the social rehabilitation of children with disabilities.</p> <p>The Achinsk Oil Refinery funded the purchase of medical equipment for the inpatient department of the Krasnoyarsk Regional Centre for Maternity and Child Protection and the renovation of the surgical wards.</p> <p>With the support of the refinery, playgrounds in the city&rsquo;s kindergartens have been improved and areas for sports activities organised. The building of Lyceum No. 1 has been renovated and the &laquo;Read! Do! Dream!&raquo; complex was created, where students can engage in academic disciplines, engineering, project work and creativity. Do! Dream!&raquo; complex was created, where students can engage in academic disciplines, engineering, project work and creativity.</p> <p>Bashneft has financed the construction and reconstruction of more than 10 large social institutions for children in the Republic of Bashkortostan. New buildings and grounds of the Ufa Falcon sports centre for training young athletes have been built in the Republic&rsquo;s Blagoveshchensky district. The sports centre welcomes around 3,000 children each season. They take part in 62 different sports.</p> <p>A polylingual boarding school for 300 children was opened in Neftekamsk. The building has been restored and equipped with all the modern conveniences. An educational facility of 2,300 m2 is a base platform for linguistic education in Neftekamsk with more than 130,000 citizens and dozens of other settlements of the Republic of Bashkortostan.</p> <p>Bashneft also contributed to the construction of a sports stadium at the Neftekamsk Oil College, where more than 2,500 people study. The stadium is equipped with outdoor multipurpose courts for football, volleyball and basketball.</p> <p>A neurostudio for children was opened in Ufa at the Lyubimy Malysh (Beloved Kid) Habilitation Center, also financed by the company. The renovated medical facility serves more than 50 young patients daily. The Habilitation Centre and Neurostudio, unique medical facilities, play an important role in working with children with special needs.</p> <p>A new 800 m² cultural centre has also been built in the village of Karayar, Karaidel district, which is used by more than 1,500 local people. A drama, singing and dance group is based at the cultural centre.</p> <p>Over the past three years, with the support of RN-Uvatneftegaz, three sports facilities have been opened in the Tyumen Region &ndash; a skateboard park, outdoor fitness equipment and jungle gyms, as well as five computer and robotics classes in general education schools. Uvatneftegaz has been cooperating with the Tyumen branch of the Russian Children&rsquo;s Fund for many years. The Uvatneftegaz charity program finances various federal and regional organisations, such as the Bank for the Orphans Needs, Help for Children with Disabilities and Hurry to Do Good.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_01062023_5.jpg" />Another important initiative of RN-Uvatneftegaz is the Key to Life social partnership project. The project provides targeted assistance to seriously ill children whose parents cannot afford to pay for expensive treatment, rehabilitation and medication. The enterprise also helps children receive unique high-tech surgeries at leading Russian medical centres.</p> <p>Samaraneftegaz has implemented more than 40 socially significant projects in the region. Among the largest is the construction of a new building and extensive renovation of a children&rsquo;s art school in the town of Otradny, which has 150 students. The enterprise provided financial support for the construction of the Petushok kindergarten for 170 children in the village of Surgut. It has become the most modern pre-school in the Sergievsky district. In addition, the Kolos children&rsquo;s sanatorium in the village of Kinel-Cherkassy was refurbished and the Ostrov kindergarten health camp in the town of Otradny was supported. In the children&rsquo;s institution, the buildings and canteen facades were completely renovated, and multimedia equipment was purchased. Over 500 children spend their holidays at the renovated camp each year.</p> <p>RN-Yuganskneftegaz has implemented a number of projects over three years to support general education, pre-school and leisure facilities. Thanks to employees support, kindergartens, sports and recreation facilities, children&rsquo;s playgrounds, creative workshops and conference halls have been built or renovated in a number of towns and communities.</p> <p>A new kindergarten has been built in the village of Singapai, Nefteyugansk District, Khanty-Mansiysk Autonomous District &ndash; Yugra. The funds for the construction of the facility were provided by RN-Yuganskneftegaz under the cooperation agreement between Rosneft Oil Company and the district government. The pre-school has a capacity of 120 children. The kindergarten is equipped with multimedia equipment for hearing-impaired children, and conditions have been created for the integration of disabled people with &laquo;Accessible Environment&raquo; programme.</p> <p>A new 1,500 m&sup2; sports and recreation complex was also opened in the village of Singapai. Thanks to modern technical solutions, such as the transforming grandstand, the multi-purpose sports hall can be used for a variety of sports, such as judo, volleyball, basketball and futsal. The complex fully meets the sporting needs of the village&rsquo;s 3500 inhabitants.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_01062023_5.jpg" />With the participation of Samotlorneftegaz, Ekokvant, a modern environmental youth club, and InzhenerUm, the first school technopark in Nizhnevartovsk, were opened with themed rooms for children&rsquo;s extra-curricular education. More than 5,000 children have visited the centres since they opened.</p> <p>A roller rink has also been opened in the capital of Samotlor for young people to take part in active sports. The facility can accommodate more than 11,000 children per year.</p> <p>Rosneft is creating and developing a system of pre-university training and career guidance for schoolchildren. Rosneft specialised classes are being created in the regions where the Company operates. In their activities, they take into account the specifics of the development of the territorial economy and the needs of the local labour market. More than 1,100 students graduated from Rosneft classes in 2022.</p> <p align="right"><b>Rosneft<br />Information Division<br />June 1, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />On the eve of the International Children&rsquo;s Day in Nizhnevartovsk, a rollerdrome for active sports popular with young people was opened.</p> Tue, 30 May 2023 10:19:00 +0300 https://www.rosneft.com/press/news/item/214969/ <p>On the eve of the International Children&rsquo;s Day in Nizhnevartovsk, a rollerdrome for active sports popular with young people was opened. The facility was completely rebuilt with the support of Samotlorneftegaz under a cooperation agreement between Rosneft and the government of the Khanty-Mansiysk Autonomous District &ndash; Yugra.</p> <p>The enterprise takes an active part in the social and economic development of the areas of its production activities. Supporting mass sports in the regions of operation is one of the key areas of Rosneft&rsquo;s social policy. <img style="margin: 5px; float: right;" src="/upload/site2/attach/0/58/02/pic_30052023_2.jpg" />The Company finances the construction of ice arenas, sports complexes and multipurpose sports grounds in the regions where it operates. Rosneft also supports amateur and professional sports and carries out extensive work to promote sports and healthy lifestyles, both among its own employees and the population in the regions of operation.</p> <p>The rollerdrome has become a significant social facility for the capital of Samotlor. The youth of Nizhnevartovsk took the initiative to renovate it. The renovation has created over 400 m² of space for a cascade of jumps, acceleration and glide zones and other elements for performing tricks on roller skates, skateboards, scooters and bicycles. The complex has a pool, the only one of its kind in the region, measuring 10 by 15 metres and 1.5 metres deep.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/58/02/pic_30052023_3.jpg" />The second part of the rollerdrome is a year-round sports field. It will be used for playing sports in the summer and as an ice rink in the winter. An equipment hire shop has been built with warm changing rooms and a cafeteria.</p> <p>The facility will be able to accommodate more than 16,000 action sports enthusiast children and adults each year.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for Editors:</strong></p> <p>Samotlorneftegaz, one of Rosneft Oil Company&rsquo;s main production enterprises, is developing the iconic Samotlor field. The scope of its license areas amounts to some 3,000 square kilometres.</p> <p>Under the cooperation agreement between Rosneft and the Government of the Khanty-Mansiysk Autonomous District &ndash; Yugra, Samotlorneftegaz makes a significant contribution to the social development of the region, including support for mass sports.</p> <p>A ski centre with a specialised biathlon shooting range is being built in Nizhnevartovsk at the Raduga sports and recreation complex. The enterprise has also recently participated in the construction of a modern rope park in Samotlor, and a multipurpose sports complex has been opened in Khanty-Mansiysk.</p> </div> <p align="right"><b>Rosneft<br />Information Division <br />May 30, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Rosneft held a major competition among its employees to meet the standards of the All-Russian Physical Culture and Sports Complex &laquo;Ready for Labour and Defense&raquo; (GTO).</p> Mon, 29 May 2023 15:08:00 +0300 https://www.rosneft.com/press/news/item/214663/ <p>Rosneft held a major competition among its employees to meet the standards of the All-Russian Physical Culture and Sports Complex &laquo;Ready for Labour and Defense&raquo; (GTO). 600 amateur athletes from 53 Rosneft subsidiaries operating in five federal districts took part in the competition.</p> <p>Teams of three (2 men and 1 woman) competed to win the functional all-around, performing strength, agility and endurance exercises. The GTO programme consisted of 12 events: 60m, 100m, 1, 2 and 3km running, high and low bar pull-ups, kettlebell lifting, floor standing push-ups and other exercises.</p> <p>The winners (in age categories) were the teams from Novokuibyshevsk Petrochemical Company, Komsomolsk Refinery and Bashneft-Dobycha.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/02/pic_29052023_3.jpg" />Second place went to teams from Verkhnechonskneftegaz, Saratov Refinery, Purneftegaz and Uvatneftegaz. Taas-Yuryah Neftegazodobycha, Angarsk Petrochemical Company, Samotlorneftegaz and the Syzran Refinery took third place.</p> <p>Diplomas, prizes, medals and trophies were awarded to the medalists and winners. Rosneft is developing the Energy of Life sports and fitness movement, which involves employees in regular sports and competitions. The movement has already attracted more than 106,000 employees.</p> <table align="center" style="width: 100%;" border="0"> <tbody> <tr> <td><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/02/pic_29052023_4.jpg" /></td> <td><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/02/pic_29052023_5.jpg" /></td> </tr> <tr> <td><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/02/pic_29052023_4.jpg" /></td> <td><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/02/pic_29052023_5.jpg" /></td> </tr> </tbody> </table> <p></p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br />May 29, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />RN-Purneftegaz, part of Rosneft&rsquo;s oil and gas production complex, has planted more than 590,000 pine seedlings on 159 hectares in the Yamalo-Nenets Autonomous District in 2022.</p> Mon, 29 May 2023 11:12:00 +0300 https://www.rosneft.com/press/news/item/214665/ <p>RN-Purneftegaz, part of Rosneft&rsquo;s oil and gas production complex, has planted more than 590,000 pine seedlings on 159 hectares in the Yamalo-Nenets Autonomous District in 2022. It is the absolute record in the enterprise&rsquo;s history.</p> <p>Rosneft devotes considerable attention to reforestation activities, thereby contributing to the sustainable development of ecosystems, preserving biodiversity, and combating climate change. Employees of the Company and its subsidiaries have planted more than 18 million seedlings of various tree species over the past three years.</p> <p>Forest areas for afforestation are designated by the YNAO&rsquo;s Department of Natural Resources and Environment. Most of the land provided was formerly forest that had died from natural causes unrelated to human industrial activity. The area covered by the seedlings is equivalent to more than two hundred and twenty football fields.</p> <p>According to ecologists, the Yamal forest grows very slowly: due to climatic conditions, the pine grows an average of 15 centimetres per year. The employees regularly visit the reforestation area to monitor the survival rate of the trees. RN-Purneftegaz plans to plant more than 150 hectares of Scots pine seedlings over the next three years.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br />May 29, 2023</b></p> <p align="right"><strong>ы</strong></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />More than a thousand schoolchildren and students from Krasnoyarsk took part in Rosneft Day, which was organised by the Company's enterprises operating in the region*, at the Institute of Oil and Gas of the Siberian Federal University.</p> Fri, 26 May 2023 14:59:00 +0300 https://www.rosneft.com/press/news/item/214661/ <p>More than a thousand schoolchildren and students from Krasnoyarsk took part in Rosneft Day, which was organised by the Company's enterprises operating in the region*, at the Institute of Oil and Gas of the Siberian Federal University.</p> <p>At Rosneft Day, the children were introduced to the Company's activities and learned about internship and employment opportunities, as well as the most in-demand professions. Future oil workers took part in talks and themed competitions, workshops, job fairs, careers tests and the Oil and Gas Quest game. In addition, RN-Vankor representatives conducted professional and technical tests of the participants in a number of oil and gas areas, such as Oil Preparation, Development and Exploitation of Oil and Gas Fields, Operation of Oilfield Pipelines, etc.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/02/pic_26052023_2.jpg" />Working with the younger generation is one of the priorities of the Company's youth policy. Youth programmes are designed to attract new skilled personnel to the Company and to effectively integrate young professionals into the workplace.</p> <p>As part of this programme, Rosneft is providing comprehensive support to the Institute of Oil and Gas of the Siberian Federal University (SFU): developing the institution's facilities, supporting teachers and students with corporate grants and scholarships, and providing students with internships in its enterprises.</p> <p>Around 200 future oil workers will visit the production facilities of RN-Vankor (the operator of the Vostok Oil project) this year. In total, around 3,000 students have received practical and pre-graduate training since the enterprise began operations, and more than 1,500 young professionals have found jobs at RN-Vankor.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/02/pic_26052023_3.jpg" />In order to provide the Vostok Oil project with qualified personnel, an extensive training programme is being implemented in the region. The training will take place in eight educational institutions in the Krasnoyarsk region: Siberian Federal University, E.A. Demyanenko Achinsk College of Oil and Gas, Krasnoyarsk Construction College, Krasnoyarsk College of Welding Technology and Energy, Krasnoyarsk College of Transport and Service, Yemelyanovo Road Construction College, Igar Multidisciplinary Technical School and Taimyr College.</p> <p>In addition, 30 specialised training areas have been created in secondary vocational education institutions for the Vostok Oil project. Extensive recruitment has been undertaken in a wide range of specialist and related areas. This year alone, RN-Vankor plans to hire more than 4,000 core specialists. TBS Logistika, which operates the Vostok Oil Project, is looking to fill another 7,000 vacancies.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for Editors:</strong></p> <p>Rosneft's flagship Vostok Oil project in the north of the Krasnoyarsk Territory is unprecedented in terms of the scale of construction and the number of specialists involved. The project will become not only the largest source of oil supplies to the world market, but also a powerful engine for the development of a number of sectors of the Russian real economy. The project will create around 400,000 jobs during construction and around 130,000 jobs during operation.</p> <p>*In the Krasnoyarsk Territory, the Company is represented by major enterprises such as RN-Vankor, Vostsibneftegaz, Slavneft-Krasnoyarskneftegaz, Achinsk Refinery, RN-Burenie, RN-KrasnoyarskNIPIneft, RN-Krasnoyarsknefteproduct.</p> </div> <p align="right"><b>Rosneft<br />Information Division<br />May 26, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Employees of Rosneft enterprises in the Samara Region held an environmental action on Volga Day to clean the coastal areas &ndash; they cleaned 210 thousand m² of the banks of Russia&rsquo;s main river, collected and removed about 10 tonnes of waste carried by the current.</p> Mon, 22 May 2023 14:51:00 +0300 https://www.rosneft.com/press/news/item/214659/ <p>Employees of Rosneft enterprises in the Samara Region held an environmental action on Volga Day to clean the coastal areas &ndash; they cleaned 210 thousand m² of the banks of Russia&rsquo;s main river, collected and removed about 10 tonnes of waste carried by the current.</p> <p>More than 200 employees of Rosneft&rsquo;s Samara Group refineries &ndash; Novokuibyshevsk Refinery, Kuibyshev Refinery, Syzran Refinery, Novokuibyshev Petrochemical Company, Novokuibyshevsk Oils and Additives Plant, as well as Samaraneftegaz, SamaraNIPIneft and the Middle Volga Refining Research Institute &ndash; participated in the event. This year, workers have not only improved the banks of the Volga, but also the banks of the Sok and Tatjanka rivers.</p> <p>Environmental volunteering is an integral part of the ongoing environment-oriented initiatives of Rosneft&rsquo;s subsidiaries. The Samara group of enterprises has been running volunteer campaigns for several years to collect plastic lids, waste paper and batteries and other environmental initiatives.</p> <p><img style="margin: 5px; float: right;" src="/upload/site2/attach/0/22/02/pic_22052023_2.jpg" />Water conservation is an important part of the Company&rsquo;s environmental work. Rosneft&rsquo;s enterprises are implementing measures to improve the efficiency of wastewater treatment and develop a water recycling system.</p> <p>The Kuibyshev refinery has reduced its use of Volga water by 20% over the past six years. At the same time, the volume of waste water fell by almost 10%. The share of recycled water in the enterprise&rsquo;s water supply has reached 91.5% thanks to the modernisation of the recycled water units. This has significantly reduced energy consumption as well as the environmental impact</p> <p>Samaraneftegaz has completely stopped drawing water to maintain reservoir pressure and does not discharge any wastewater into water bodies.</p> <p>At the Novokuibyshevsk Petrochemical Company, the use of recycled water has been increased to almost 96%, while the use of river water has been reduced by 10.6%.</p> <p>Modernisation of the biological and physico-chemical waste water treatment facilities at the Syzran refinery continues. The recycled water usage rate for 2022 is 94.5%.</p> <p><img style="margin: 5px; float: left;" src="/upload/site2/attach/0/22/02/pic_22052023_3.jpg" />Rosneft&rsquo;s plants are making a significant contribution to reducing the environmental impact of Volga vessels. The Syzran refinery has significantly increased production of the highly environmentally friendly marine fuel RMLS 40 in recent years. The Novokuibyshevsk refinery has increased production of environmentally friendly TMS type A fuel for river and sea vessels. Oil products quality is fully compliant with the International Convention for the Prevention of Pollution from Ships (MARPOL).</p> <p>Efforts to replenish aquatic bioresources to conserve biodiversity and increase the fish population in the Volga Basin are ongoing. In 2022, the Samara Region enterprises released about 370 thousand fry of valuable fish species into the Volga: sterlets, carps and silver carps. And 1.7 million fish fry in the last three years.</p> <p>As part of a socio-economic partnership, Samaraneftegaz is helping communities to address issues related to the restoration and development of springs. Such projects have been implemented in nine districts of the region.</p> <p align="right"><b>Rosneft<br />Information Division<br />May 22, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />RN-Uvatneftegaz (part of Rosneft's oil and gas production complex) has allocated grants for environmental projects of practical importance to the Tyumen region.</p> Fri, 19 May 2023 14:43:00 +0300 https://www.rosneft.com/press/news/item/214657/ <p>RN-Uvatneftegaz (part of Rosneft's oil and gas production complex) has allocated grants for environmental projects of practical importance to the Tyumen region. The projects are aimed at studying the region's rare animal and bird species as well as educational activities.</p> <p>Responsible attitude towards the environment is an integral part of the Rosneft's corporate culture and one of the key principles of its business.</p> <p>As part of the RN-Uvatneftegaz grant programme, the V.I. Shpilman Research and Analytical Centre for Rational Use of Subsoil will monitor large lakes in the Tyumen region. Scientists will use satellite imagery to create a unified database of lake ecosystems and monitor possible changes. The data obtained will make it possible to identify lakes in need of special protection and restoration measures.</p> <p>This year, with the support of RN-Uvatneftegaz, specialists from the Tyumen State University will continue to study the ornithological fauna and the state of populations of rare bird species listed in the Red Books of Russia and the Tyumen region. These include white-tailed sea eagle, Eurasian curlew, black-throated loon, mute swan, osprey and others.</p> <p>Scientists will map and monitor the nests of rare bird species. As a result of the study, ornithologists will develop a set of measures to increase the population of rare bird species.</p> <p>In 2021, a study of Lake Solyonoye was carried out with the support of Rosneft. The Company's subsidiaries &ndash; Tyumenneftegaz, RN-Uvatneftegaz and TPRC &ndash; have drawn public attention to the need to preserve the lake, whose water and sludge have unique properties. Its hydrochemical composition is comparable to that of the water and mud of the Dead Sea. The lake is visited by thousands of tourists every year, also for balneotherapy. Over the past five years, special environmental projects carried out by Company's Tyumen enterprises have cleaned the shores of such large lakes in the region as Andreevskoye, Krugloye and Pesyanoye.</p> <p>In 2022, RN-Uvatneftegaz launched a programme to study and protect the forest reindeer population in the Uvat district of the Tyumen region. The enterprise also supported the publication of the first-ever book on the region's protected areas and the red-listed birds and animals that inhabit them.</p> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br />May 19, 2023</b></p> <p><img width="28" height="30" style="margin: 0 3px 0px 0; float: left;" src="/upload/site1/attach/0/10/17/eco_s.jpg" />Bashneft (part of Rosneft) increased its own power generation in 2022 by 3.3 million kWh compared to 2021, to 71.5 million kWh.</p> Tue, 16 May 2023 14:40:00 +0300 https://www.rosneft.com/press/news/item/214655/ <p>Bashneft (part of Rosneft) increased its own power generation in 2022 by 3.3 million kWh compared to 2021, to 71.5 million kWh. Bashneft-Dobycha&rsquo;s energy centres use associated petroleum gas as a fuel, bringing the level of rational use of APG to 96% and reducing the overall carbon footprint of oil production.</p> <p>Improving the efficiency of production facilities is one of the key elements of Rosneft 2030: Sustainable Energy and the Global Energy Transition. The Company systematically implements targeted programmes for the rational use of energy resources, focusing on the use of associated gas in heat and power generation and gas chemistry.</p> <p>Bashneft-Dobycha tripled its share of APG for power generation in 2022, with a total volume of over 6 mln m3. The enterprise operates three power plants using only APG as fuel. The electricity they generate is used to power oil and gas production facilities in energy-poor regions and areas remote from infrastructure.</p> <p>The cost of 1 kWh of electricity generated by the enterprise&rsquo;s own power plants was 21% lower than the tariffs charged by external energy suppliers.</p> <div style="border-left: #7f7f7f 5px solid; background: #f3f3f3; margin-left: 15px; padding: 16px;"> <p style="border-bottom: #c2c2c2 1px dashed; padding-bottom: 7px; margin-bottom: 10px;"><strong>Note for Editors:</strong></p> <p>Bashneft is one of the oldest oil and gas companies in the country and operates a full production cycle &ndash; producing oil and gas, refining it and outputing oil products and petrochemicals. Bashneft&rsquo;s main production facilities are located in the Republic of Bashkortostan. Bashneft is also developing fields in the Khanty-Mansi and Nenets Autonomous Districts, the Orenburg Region and the Republic of Tatarstan.</p> <p>LLC Bashneft-Dobycha is Bashneft&rsquo;s main production asset. It is developing 190 hydrocarbon fields. Since 2012, the enterprise has been implementing a targeted gas programme aimed at increasing the utilisation of APG.</p> </div> <p align="right"><b>Rosneft<br />&nbsp;Information Division <br />May 16, 2023</b></p>