2.1 Business Model
ROSNEFT BUSINESS MODEL ENSURES SHAREHOLDER WEALTH GROWTH, USING THE COMPANY’s COMPETITIVE ADVANTAGES
Competitive advantages and investment appeal:
- First-class resource base in the Russian Federation;
- The largest public oil producer;
- Efficient monetization of gas resources;
- Integrated oil-and-gas business model;
- Diversified sales channels and growing share of long-term contracts;
- Perspective offshore resource base in Russia and international business expansion opportunities;
- Strategic development of oil service and infrastructure;
- Costs control and high business efficiency.
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EXPLORATION ANd LICENSING
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RESERVES REPLACEMENT
Development of in-house oil service business to improve the quality of services and cost control
Development and application of advanced production technologies
Refineries upgrading program
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Refining at OWN AND THIRD PARTY plants
Value creation due to vertical integration
Increase in supply volumes of long-term contracts
Growth of superb margin sales channels
Trading business development to improve sales profitability
Filling stations network upgrading
RETAILS
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LAUNCH OF NEW PROJECTS AND MAINTENANCE OF THE OUTPUT AT MATURE FIELDS
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OIL PRODUCTION
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Oil sales in domestic and world market
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PETROLEUM PRODUCTS SALES IN RUSSIA AND ABROAD
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GAS PRODUCTION
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GAS REFINING
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GAS REFINERY PRODUCTS SALES
Trading business development to improve sales profitability
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GAS SALES
Growth of domestic market share ensured by the portfolio of long-term contracts
Higher value added products manufacturing
SPECIFIC PETROLEUM PRODUCTS SALES
WHOLESALE
ROSNEFT CRUDE OIL, GAS AND OIL PRODUCTS BALANCE
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189.9
Crude oil production*
13.3
Crude oil purchase in Russia including production of associated companies and JVs
9.6
Crude oil purchases abroad
Crude oil resources**, mmt
![](images/diag1.png)
109.1
Crude oil export
5.4
Crude oil sales in Russia
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84.7
Oil refining throughput in Russia
12.2
Oil refining throughput abroad
![](images/diag3.png)
82.9
Petroleum products output in Russia
12.5
Petroleum products output abroad
2.5
Petroleum products purchases
Petroleum products resourses,** m tons
![](images/diag4.png)
61.5
Petroleum products sales abroad
18.8
Petroleum products wholesales in Russia
10.9
Petroleum products retail sales in Russia
3
Bunker fuel sales
3.2
Petrochemical products sales
![](images/diag5.png)
55.6
Gas production by subsidiaries and proportionally consolidated entities**
11.5
Gas purchases including production ofassociated companies and joint ventures
Gas resources,** bcm
![](images/diag6.png)
58.0
Gas sales in Russia
0.7
Gas sales abroad
* Production per subsidiaries and proportionally consolidated entities.
** Difference between oil, petroleum products and gas resourses and sales volumes is due to utilization of the such resourses for the own needs, in-group supplies as well as changes in reserves volumes and technological losses.
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