Rosneft

ROSNEFT OIL COMPANY: Rosneft and CNPC agreed to cooperate in the field of low carbon development

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Friday, February 4, 2022
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Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development.

Key Points: 
  • Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development.
  • Signatures under the document were affixed by Igor Sechin, the Chief Executive Officer of Rosneft, and Dai Houliang, the Chairman of the Board of Directors of CNPC.
  • Parties also consider other areas of potential cooperation in the field of low carbon development as well.
  • The Company develops cooperation with foreign partners in the field of carbon management and sustainable development.

ROSNEFT OIL COMPANY: Rosneft and CNPC strengthen oil supply cooperation

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Friday, February 4, 2022
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Crude oil will be processed at factories in northwest China to meet the country's needs for petroleum products.

Key Points: 
  • Crude oil will be processed at factories in northwest China to meet the country's needs for petroleum products.
  • The Company's total supplies to China since 2005 amounted to 442 million tons of oil.
  • Rosneft is the leading oil exporter to PRC, providing 7% of the country's total demand in raw annually.
  • Energy cooperation of Rosneft with Chinese partners is integral, covering all business segments.

ROSNEFT OIL COMPANY: Rosneft and SPIMEX sign an agreement on cooperation in the development of exchange trading in carbon units

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Wednesday, January 19, 2022
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Rosneft and St. Petersburg International Mercantile Exchange (SPIMEX) signed a Cooperation Agreement.

Key Points: 
  • Rosneft and St. Petersburg International Mercantile Exchange (SPIMEX) signed a Cooperation Agreement.
  • The Agreement provides for cooperation between the parties in the area of carbon management and development of exchange trade in carbon units resulting from the implementation by Rosneft of projects to reduce greenhouse gas emissions.
  • As part of cooperation, the Company and SPIMEX will explore an opportunity of holding test auctions of Rosneft carbon units.
  • The Agreement provides for development and introduction of new tools for exchange trading in low-carbon oil and petroleum products.

ROSNEFT OIL COMPANY: Rosneft is the best Russian oil and gas company in the RAEX-Europe ESG rating

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Tuesday, December 28, 2021
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In 2021, 155 Russian companies took part in RAEX-Europe ESG rating.

Key Points: 
  • In 2021, 155 Russian companies took part in RAEX-Europe ESG rating.
  • The Company has been recognized as a leader of Bloomberg's ESG rating among the oil and gas industry majors (ESG informational transparency was rated).
  • Rosneft became one of the leaders among global oil and gas companies taking part in the CDP (Carbon Disclosure Project) international climate rating.
  • Global financial analytics and credit rating company S&P Global Corporate Sustainability Assessment upgraded Rosneft's sustainability rating to 47.

ROSNEFT OIL COMPANY: Rosneft Board of Directors Approves 'ROSNEFT-2030' Strategy

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Tuesday, December 21, 2021
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Rosneft Board of Directors approved the new strategy "Rosneft-2030: Reliable Energy and Global Energy Transition".

Key Points: 
  • Rosneft Board of Directors approved the new strategy "Rosneft-2030: Reliable Energy and Global Energy Transition".
  • Rosneft achieved most of the targets set in "Rosneft-2022" strategy ahead of schedule by the end of 2021.
  • Commenting on the approval of the "ROSNEFT-2030" strategy, Rosneft CEO Igor Sechin said: "The Board of Directors approved new strategy and laid the foundation for Company's development for decades to come.
  • Commenting on the results of the Board meeting, Robert Dudley, Chairman of the Strategy and Sustainable Development Committee of the Board of Directors of Rosneft, pointed out: "I am glad to contribute to the development of new strategy.

ROSNEFT OIL COMPANY: Rosneft Upgraded its Position in S&P Global's International ESG Rating

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Monday, December 20, 2021
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The financial analytics and credit rating company S&P Global upgraded Rosneft's industry sustainability S&P Global ESG Scores rating by 14 points to 68 percentile while the overall Company's score was upgraded to 47. Business and corporate ethics, environment protection information disclosure and social responsibility performance of Rosneft received the highest scores.

Key Points: 
  • The financial analytics and credit rating company S&P Global upgraded Rosneft's industry sustainability S&P Global ESG Scores rating by 14 points to 68 percentile while the overall Company's score was upgraded to 47. Business and corporate ethics, environment protection information disclosure and social responsibility performance of Rosneft received the highest scores.
  • In 2021 the number of companies that participated in the S&P Global ESG Scores was 1 843 which is almost one third more versus 2020.
  • Rosneft continues to improve its position in the international ESG ratings.
  • Rosneft has been recognized as a leader of Bloomberg's ESG rating among the oil and gas industry majors (ESG informational transparency was rated).

ROSNEFT OIL COMPANY: Rosneft is among the Best Performing Oil and Gas Companies in CDP's International Climate Rating

Retrieved on: 
Monday, December 20, 2021
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Rosneft is among the oil and gas industry leaders who participated in CDP international climate rating (Carbon Disclosure Project).

Key Points: 
  • Rosneft is among the oil and gas industry leaders who participated in CDP international climate rating (Carbon Disclosure Project).
  • After an independent survey Rosneft was given a B score which is one level above the average score of the global climate rating participants.
  • Rosneft has been recognized as a leader of Bloomberg's ESG rating among the oil and gas industry majors (ESG informational transparency was rated).
  • The Company's performance is better than 90% of the international oil and gas industry practitioners (ICB supersector) with a score of 3.9 while the top score is 5.

ROSNEFT OIL COMPANY: Financial results for Q3 2021

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Friday, November 12, 2021
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2The calculation includes interest expense on the prepayments on the long-term oil and petroleum products supply agreements.

Key Points: 
  • 2The calculation includes interest expense on the prepayments on the long-term oil and petroleum products supply agreements.
  • Commenting on 9M 2021 financial results Rosneft's Chairman of the Management Board and Chief Executive Officer Igor Sechin said:
    "In the third quarter of 2021 the Company demonstrated a strong financial performance.
  • The implementation of measures aimed at further improvement of the financial stability enabled the reduction of Net financial debt and trading liabilities by USD 8.4 bln in 9M 2021.
  • The high level of financial stability was supported by the consistently low short-term component of the financial debt and the considerable liquid financial assets, which significantly exceeded the short-term debt.

ROSNEFT OIL COMPANY: Operating results for Q3 2021

Retrieved on: 
Friday, November 12, 2021
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As a result, Rosneft became the only Russian oil and gas company announced as the Global Compact LEAD.

Key Points: 
  • As a result, Rosneft became the only Russian oil and gas company announced as the Global Compact LEAD.
  • In 3Q 2021, oil refining throughput at the refineries in Germany amounted to 3.0 mln tonnes, up by 2.4% QoQ.
  • Experts of the Tyumen Oil Research Center (Rosneft Research and Design Institute) invented and patented the technology for determining volumes of oil and gas in unconventional oil reservoirs using nuclear magnetic resonance (NMR).
  • In 9M 2021, the Company sold 75.9 mln tonnes of petroleum products, including 25.9 mln tonnes sold in 3Q 2021, which corresponds to 2Q 2021 level.

TCS Group Holding Plc appoints Oliver Hughes and Pavel Fedorov as Co-CEOs, enhancing its executive team to capture new growth opportunities in Russia and abroad

Retrieved on: 
Monday, November 8, 2021
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TCS Group Holding Plc appoints Oliver Hughes and Pavel Fedorov as Co-CEOs, enhancing its executive team to capture new growth opportunities in Russia and abroad

Key Points: 
  • TCS Group Holding Plc appoints Oliver Hughes and Pavel Fedorov as Co-CEOs, enhancing its executive team to capture new growth opportunities in Russia and abroad
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • TCS Group Holding Plc appoints Oliver Hughes and Pavel Fedorov as Co-CEOs, enhancing its executive team to capture new growth opportunities in Russia and abroad
    Limassol, Cyprus.
  • Pavel currently serves as a Board member of TCS Group Holding PLC and has been advising the Company on its international strategy.
  • In his new position Ilya will be responsible for overseeing all financial activities of the business of Tinkoff in Russia and abroad.