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Rosneft

Address: 26/1, Sofiyskaya Embankment, 1, GSP-8 117997 Moscow

Tel: +7 (499) 517-88-99

Web: www.rosneft.com

Company description

Rosneft is primarily engaged in hydrocarbon exploration and production, production of petroleum products and petrochemicals and marketing of these outputs. Initially, Rosneft was established in 1993 as a state enterprise on the basis of assets previously held by Rosneftegaz, the successor to the USSR Ministry of Oil and Gas, and transformed in a JSC in 1995, by State Decree. By 2007, Rosneft was included in the Russian Federationn Government’s List of Strategic Enterprises. The state holds a little over 75% in the Company, approximately 15% of shares are free-floated. As of December 31, 2007, Rosneft’s proved reserves totaled 17,513 mln barrels of crude oil and 711 bln cu. m. of gas. Rosneft performs large-scale exploration and production in all the key hydrocarbon regions of Russian Federation — West Siberia, Southern and Central Russian Federation, Timan-Pechora, East Siberia, and the Far East. In addition, the Company participates in several exploration projects in Kazakhstan, Algeria, and Turkmenistan.

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