Rosneft

Rosneft is the leader of the Russian petroleum industry, and ranks among the world’s top publicly traded oil and gas companies. The Company is primarily engaged in hydrocarbon exploration and production, production of petroleum products and petrochemicals, and marketing of these outputs. In 2007, Rosneft was included in the Russian Government’s List of Strategic Enterprises and Organizations. The state holds a little over 75% in the Company, while approximately 15% of shares are free-floated.

Rosneft performs large-scale exploration and production activities in all key hydrocarbon regions of Russia — West Siberia, Southern and Central Russia, Timan-Pechora, East Siberia, and the Far East. In addition, the Company participates in several exploration projects in Kazakhstan, Algeria, and Turkmenistan. Rosneft’s seven major refineries enjoy convenient locations throughout the country, from the Black Sea coast to the Russian Far East, while the Company’s retail network covers 36 regions of the Russian Federation.