EXPORTERS ALL RUSSIA

RUSSIAN POLITICS IN
FOREIGN TRADE AFFAIRS

RESEARCH JOURNAL
|DOSSIER|

ANALYSIS OF INFORMATION DISCLOSURE

BUSINESS INSIGHTS
NEWS ANALYSIS

COPYRIGHT NOTICE
INFORMATION AGENCY 2016
www.globaldossier.info

PJSC |OIL COMPANY ROSNEFT|

ANALYSIS:

http://www.rosneft.com

WEBSITE STRUCTURE

usability 100%
website has both language versions (Russian & English) with 96% Identical information
Press releases systematically updated and stable
Company approved as the most transparent Public Company (S&P)
MEDIA CONTENT sufficient

THIRD PARTY MEDIA AND PUBLICATIONS

http://www.dowjones.com/scoops/rosneft-hires-london-firm-zaiwalla-sanctions-strategy/
http://www.bloomberg.com/news/articles/2016-04-28/putin-s-decade-old-dream-realized-as-russia-to-
price-its-own-oil

CAPITAL AND SHAREHOLDERS INFORMATION

CAPITAL STRUCTURE

http://www.rosneft.com/Investors/structure/share_capital/

2012 SHAREHOLDERS MEETING

97,6% http://www.rosneft.com/news/pressrelease/03122012.html
CAPITAL OF BOARD MEMBERS

http://www.rosneft.com/news/pressrelease/080620122.html
2013 SHAREHOLDERS MEETING

http://www.rosneft.com/news/pressrelease/05032013.html
97,7% http://www.rosneft.com/news/pressrelease/200620132.html
CAPITAL OF BOARD MEMBERS

2014

http://www.rosneft.com/news/pressrelease/23082013.html
http://www.rosneft.com/news/pressrelease/29082013.html
http://www.rosneft.com/news/pressrelease/300820132.html
ShareHolders Meeting
http://www.rosneft.ru/news/pressrelease/06032014.html Russian
92,9 % http://www.rosneft.com/news/pressrelease/270620142.html

CAPITAL OF BOARD MEMBERS

http://www.rosneft.com/news/pressrelease/19032014.html
2015 SHAREHOLDERS MEETING
89,7% http://www.rosneft.com/news/pressrelease/17062015.html
2016

CORPORATE STRUCTURE
OPERATIONAL STRUCTURE http://www.rosneft.com/about/Glance/OperationalStructure/

INDUSTRY DESCRIPTION

OIL & GAS SECTOR

**POSITION IN THE INDUSTRY

Record high exploration drilling success rate at 84%1, 7 fields and 117 new deposits discovered2 with 232
mmtoe of total 1+2 reserves (Presentation Rosneft Q4 2015)
GAS INDUSTRY - 16% domestic markets

Capture |Position in the industry|

GOODS & SERVICES KEY WORDS:

Geological exploration
Oil Refining
Crude Oil and petroleum sales
Euro-5 motor fuels production since 2015

BUSINESS INSIGHTS AND ANALYSIS OF INFORMATION DISCLOSURE

***INDUSTRIAL FACILITIES
THE STRUCTURE http://www.rosneft.com/Downstream/Overview/

Geological exploration/extraction
PJSC ORENBURGNEFT http://e-disclosure.ru/portal/company.aspx?id=929
JSC SAMOTLORNEFTEGAS, JSC SNG http://e-disclosure.ru/portal/company.aspx?id=837
PJSC TUYMENNEFTEGAS http://e-disclosure.ru/portal/company.aspx?id=4839
PJSC VERHNECHONSKNEFTEGAS http://e-disclosure.ru/portal/company.aspx?id=7810
JSC VANCORNEFT
LLC RN-UGANSKNEFTEGAS
Oil Refining & Crude Oil and petroleum sales
JSC RAYZANSK OIL PROCESSING COMPANY
JSC ANGARSK OIL CHEMICAL COMPANY http://e-disclosure.ru/portal/company.aspx?id=672
JSC NOVOKUJBYSHEVSKY OIL PROCESSING PLANT
http://www.rosneft.com/Downstream/refining/Refineries/Novokuibyshev_Refinery/
LLC RN-COMSOMOLSKY OIL PROCESSING PLANT
SYZRAN OIL PROCESSING PLANT http://www.rosneft.com/Downstream/refining/Refineries/Syzran_Refinery/
ACHINSK OIL PROCESSING PLANT http://www.rosneft.com/Downstream/refining/Refineries/Achinsk_Refinery/
PJSC SARATOV OIL PROCESSING PLANT http://e-disclosure.ru/portal/company.aspx?id=3707
JSC Petrol Complect Equipment Company
JSC RN-The Capital http://e-disclosure.ru/portal/company.aspx?id=24325
Foreign Subsidiaries:
ROSNEFT TRADING S.A.
ROSNEFT TRADE LIMITED
Other
JSC RN-HOLDING http://e-disclosure.ru/portal/company.aspx?id=6567
LLC OIL-ACTIVE
ROSNEFT FINANCE S.A.
JSV ALLRUSSIN BANK OF REGIONAL DEVELOPMENT

IMPORTED PROCESSING EQUIPMENT AND SUPPLIERS BRANDS

EMPLOYEE COMPETENCE AND ORGANIZATIONAL STRUCTURE
EMPLOYEES DISCLOSED INFORMATION

http://www.rosneft.com/news/pressrelease/13052014.html

CHANGES IN ORGANIZATIONAL STRUCTURE

http://www.rosneft.com/news/pressrelease/250520152.html
http://www.rosneft.com/news/pressrelease/22042016.html

DIFFICULTIES OF EXPORTING
IMPORTANT INTERNATIONAL BUSINESS TRANSACTIONS AND DEALS SINCE 2012

2012 Rosneft President Eduard Khudaynatov

ExxonMobil Kara Sea, Sonatrach, Algerias national oil company, Eni, Statoil ASA;
2012 Rosneft President Igor Sechin
GE; Glencore International plc and Vitol; Saras Sign S.p.A (50/50 Joint Venture) Italy.
2013
PKN Orlen S.A. (Czech Republic 30.06.2016); Total (12.2015); Marubeni Corporation; Mitsui & Co., Lt;
INPEX; Corporacion Venezolana del Petroleo (CVP) (PDVSA); PetroVietnam; TNK-BP 100%; Trafigura (5 years contract-trading); CNPC; WWF; Joint Statement of Interest to invest in the energy sector
of the Republic Croatia; $ 2Bln Long-Term Load from China Development Bank, SOCAR; Nairit
Plant; Inigushetia Extend Cooperation; Heads of Agreement on Rosnefts acquisition of a 51% interest
in Petroresurs LLC with the Director of Lundin Petroleum AB (http://www.rosneft.com/news/pressrelease/02102013.html); Sinopec; Agreement on Development of Engineering and Shipbuilding Cluster in
Russia Far East (http://www.rosneft.com/news/pressrelease/13112013.html); Pirelli & C. S.p.A; HRT
(additional 6% in Solimoes project (Rosneft Brazil receiving 51%)); Oil Techno (Armenia); Agreement
to purchase the Global Oil Merchanting unit of Morgan Stanley Commodities division
(http://www.rosneft.com/news/pressrelease/231220132.html) terminated in 2014 (http://www.rosneft.com/news/pressrelease/221220142.html).
2014
Science, Research & Development Center with GE; Heads of Agreement with Pietro Barbaro Group on
acquisition of 95% share of Prime Shipping Group of Companies; GNC Galileo S.A.; SeaDrill & North
Atlantic Drilling Ltd. (agreement is up to 31.05.2017); BP Exploration Operating Company Limited;
Alstom; Union CubaPetroleo (CUPET); Mubadala Petroleum; ONGC Videsh Ltd.; Empresa Nacional
Hidrocarbonetos De Mozambique, ENH; Yokogawa Electric Corporation; BP Oil International Limited;
Petrobras; Weatherford International plc.; deal on purchasing of 50% share of Camfin S.p.A new shareholders Pirelli & C S.p.A. (http://www.rosneft.com/news/pressrelease/11072014.html); Essar Refineries (India); Acquire 16,67% Share in PCK Raffineria GmbH by sign a Term Sheet with Total; trilateral
agreement with Rostec and Finmeccanica - AgustaWestland on AW 189 Helicopters production in Russia,
localization is planned up to 2025; deal to acquire 49% share of Petrocas Energy International Limited;
Shell Aviation.
Joint Arrangement: Pre deal: Acquire 16,67% Share in PCK Raffineria GmbH by sign a Term Sheet
with Total;
2015
Golar LNG Limited; Air BP; deal with PetroRio on additional 55% of the Solimoes Project and completed transaction on 100% of control and full operation-ship of the project; CIMC Enric Holding
Limited; Purchase of 100% share of Prime Shipping Group of Companies; Skyland Petroleum Group
(SPG); Egypt General Petroleum Corporation; Possible of Prospect of cooperation Rosneft and Pertamina; ChemChina; deal on 30% Share in HeliVert; supply contract between Rosneft structured Company RN-Aircraft and Viking Air Limited (Canada); triple agreement between Rosneft, Avesta Chemical
(Suisse) SA and Manzhouli Far East Gas Co. Ltd; Japan Drilling Co. Ltd. (JDC), deal with ONGC on sale
of 15% and shareholder agreement related to management of Vancorneft, JSC; China Petrochemical
Corporation (Sinopec); Rosneft JV Projects (Luxembourg) deal on sale of 8,99% share in Saras S.p.A.

through the Offering (only to qualified Investors); Extended Delivery Agreement with Poland Concern
Naftowy ORLEN S.A. (PKN orlen) up to 01.31.2019; Oil India Limited and Indian Oil Corporation
Limited; closing transaction for the divestment of 50% share in Polar Lights Company, LLC;
Acquisition of LLC Petrol Market Company 100% Ownership interest, Armenia
Acquisition of assets from Weatherford International plc. Venezuela
2016
Oil India Limited and Indian Oil Corporation signed a legally binding share sale agreement
on 29,9%
in Taas-Yuryakh Neftegasodobycha; Siemens; information on joint venture with PDVSA in Venezuela (http://
www.rosneft.com/news/pressrelease/200220162.html); China Heavy Industry Corporation Nantong (CHIC);
Suzhou Dafang Special Vehicle Co. Ltd.;
Rosneft in Indonesia (direct supplies (shipments) and cooperation with Pertamina)

CURRENT MARKETS

Asia; *Poland; China; Deposits/Investment: Venezuela; Canada

PROSPECTIVE MARKETS

Indonesia, India

COURT PROCEEDINGS

Rosneft and its subsidiaries are involved in other litigations which arise from time to time in the course of
their business activities. Management believes that the ultimate result of that litigation will not materially affect
the performance or financial position of the Company.

POSSIBLE RISKS

a reduction in the value of an asset with the passage of time;

foreign currency risk (the company may involve the use of derivative instruments or cash flow as a hedged
item);
credit risk;

PERSPECTIVES OF DEVELOPMENT AND COOPERATION

Arctic offshore
***Increase development drilling by at least 30 YoY
***New wells completion plan - over 2,500 wells of which no less than 30% are horizontal wells
**Further enhancement of drilling efficiency
RATING

COMPETITORS IN ANALOGOUS INDUSTRY

National Petroleum Companies

Saudi Arabia, China, USA, Iran

FUNDAMENTAL ANALYSIS FOR LISTED COMPANY

LONDON STOCK EXCHANGE FUNDAMENTALS

http://www.londonstockexchange.com/exchange/prices/stocks/summary/fundamentals.html?fourWayKey=US67812M2070USUSDIOBE
**Debt profile by currency:
Foreign currency 89%
Rubles 11%

Capture |Amortization/life cycle|

Capture |Agreement to Dissolve|

COMMENT

**Rosneft Presentation Q4 2015

http://www.rosneft.com/attach/0/23/02/Rosneft_Q4_2015_IFRS_ENG.pdf
***Financial Statement
http://www.rosneft.com/attach/0/23/02/2015_Rosneft_FS_IFRS_ENG_SIGNED.pdf
Selected information will help to create an associated picture of the Russian Export Market and to prepare
for actual comparative analysis in the industry and further forecasting in Global Foreign trade affairs.
For Specialists in Oil & Gas industry for more information, please visit official corporate site
http://www.rosneft.com
Possible editing and updates