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Rosneft onshore upstream strategic objectives are production maintenance and maximum utilization of the existing fields` potential, new projects rational implementation to secure sustainable production profile and maximum recovery rate as well as economically viable development of unconventional and challenged reservoirs. The Company plans effective resources conversion into reserves and their subsequent development to maintain production at the traditional activity regions and create new oil and gas production clusters on the basis of Vankor group and East Siberia fields.
Rosneft is the leader of Russian oil and gas industry innovations – forming of a new type of high-tech oilfield services makes it possible to secure Company strategic requirements and best industry economic efficiency on the basis of its own drilling and service company RN-Bureniye with possible partners involvement and to establish a pool of innovative technologies and competences for all the key areas of further development.
Rosneft strategic priority – unique growth perspectives implementation and value creation on the basis of the largest offshore assets portfolio.
The Company will resolve this task using advanced technologies in cooperation with strategic partners – leaders of global oil and gas industry in order to secure maximum effective exploration and production and minimal environmental impact.
Rosneft plans to become the world largest development operator at the offshore fields with 45.8 bln toe prospective reserves.
Rosneft gas business development strategic objectives – long term increase of the Company shareholder value by gas production growth, secured by the highly effective long term sales portfolio.
In order to meet the objectives, the Company works in the following key strategic areas:
Strategic objectives of Rosneft Refining and Petrochemistry stream - maximum effective use of the produced oil, gas and other feedstock, production of high added value products.
The Company creates additional value for the shareholders by successful implementation of large scale refineries modernization program and new projects – VNKhK, Tuapse Refinery.
As part of international development, the Company participates in the Tianjin refining and petrochemical project in China, which will make it possible not only to supply feedstock to this company but also sell products in the Asia and Pacific region market.
The Company commerce and logistics priorities are maximum efficient oil and oil products sales, guaranteed supplies of high quality fuel to customers, optimization of logistics costs and supplies stability, constant improvement of customer offer through its own retail network and wholesale channels as well as advanced trading practices development in Russia and abroad.
Rosneft has diversified assets portfolio in the perspective regions of international oil and gas business. The target of sustainable and profitable Company global presence is to create additional shareholder value and get new knowledge and competences for more effective projects elaboration in Russia as well as to develop Company competences and trading opportunities at the international market.
Rosneft is the leader of qualitative modernization and innovative changes in the Russian oil and gas industry. The Company efforts are aimed at the industry intellectual and technological potential development based on a solid Russian oil and gas school in partnership with the leading international oil companies.
Rosneft realizes and acknowledges it social, economic and environmental responsibility at the implementation of any company project. In its HSE activities the Company is guided by Russian legislation and rules of international law. The Company applies newest technologies and modern methods of production to create safe and healthy work environment for its employees and to minimize emergencies and accidents risks.
Rosneft is the largest Russian tax payer. The Company is guided by high production and social standards. Its social focus is important for sustainable development and contributes to the reputation of a reliable and responsible employer and partner.
The Company strives to become the best Russian employer and offers optimal conditions for professional development, high social protection and health safety standards for its employees.
Rosneft corporate governance system is aimed at the protection of shareholders` rights, Company successful and sustainable development and effective and responsible management decisions.
The Company permanently strives to improve business processes and organizational efficiency.
Digital transformation is one of Rosneft strategic initiatives which is ongoing throughout the company perimeter, affects all the streams and functions and transforms business processes.
New technologies appear every day, which is why Rosneft created mechanisms to check their applicability for business tasks implementation. Rosneft actively monitors advanced developments and adapts them to Russian production processes. It arranges many-sided cooperation with universities, relevant agencies, technological partners and startups to resolve actual business tasks using advanced digital technologies.
Digital transformation contributes to processes change and efficiency improvement, transition from traditional manual production to digital production, which opens up new vistas to the Company and each of its employees.