Rosneft
Rosneft is Russia's largest state-owned integrated oil company producing 255.9 million toe of hydrocarbons annually, serving domestic retail consumers through ~3,000 filling stations and international refiners in India and China via crude supply contracts and the Nayara Energy refinery.
- Company typePublic
- Founded1993
- HeadquartersMoscow, Russia
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Rosneft does
Rosneft is Russia's largest state-controlled petroleum company, producing 255.9 million tonnes of oil equivalent of hydrocarbons in 2024 and operating across the entire oil and gas value chain from upstream exploration through downstream refining, petrochemicals, gas processing, and retail fuel sales. The company operates through wholly-owned subsidiaries including Bashneft, RN-Vankor, RN-Yuganskneftegaz, and a portfolio of refineries (Syzran, Saratov, Kuibyshev, Novokuibyshevsk, Komsomolsk, Tuapse, Ryazan, Angarsk Petrochemical Company, Ufaorgsintez), and holds a 49.13% stake in India's Nayara Energy, which operates a 400,000 bpd Vadinar refinery and over 7,000 retail stations. Key upstream assets include the Vostok Oil project on Taymyr Peninsula (with $100+ billion total investment and a 770-km pipeline connecting the Vankor cluster to the Sever Bay port terminal scheduled for commissioning in September 2026) and a 20% stake in the Sakhalin-1 offshore project in the Okhotsk Sea.
Rosneft generates revenue through four primary streams: crude oil sales (to international buyers including Indian refiners Reliance, IOC, BPCL, HPCL, and Chinese energy companies under long-term contracts such as the $13 billion annual supply agreement with Reliance at 500,000 bpd), refined petroleum products (gasoline, diesel, jet fuel, lubricants), gas production and processing, and revenue from international subsidiary stakes (Nayara Energy, Sakhalin-1, Vankorneft). Domestic retail fuel sales operate through nearly 3,000 company-owned stations across 62 Russian regions, supported by the RN-CARD cashless payment system and Komanda Card loyalty program. Wholesale fuel pricing is partly exchange-based (St. Petersburg Exchange) while retail pump prices are regulated by Russian anti-monopoly authorities.
The company is pursuing a strategic pivot toward Asian markets amid Western sanctions, with $25 billion in cumulative investment in India, yuan-denominated bond issuance (15 billion CNY in 2022), rare earth partnerships via the Tomtor deposit, and Arctic upstream expansion. The company has been materially impacted by Ukrainian drone attacks on Russian refining infrastructure, with 42.74% of Russian refining capacity disabled by July 2026 and estimated losses exceeding 1 trillion rubles. The market opportunity is the structural reorientation of Russian hydrocarbon exports to India and China, while the key risk is sustained operational damage to refining capacity and continued Western sanctions pressure, including U.S. sanctions imposed on Rosneft in late 2025.
Rosneft firmographics
Firmographics- Name
- Rosneft
- Legal name
- Rosneft Oil Company
- Website
- http://www.rosneft.com/
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Rosneft is Russia's largest state-owned integrated oil company producing 255.9 million toe of hydrocarbons annually, serving domestic retail consumers through ~3,000 filling stations and international refiners in India and China via crude supply contracts and the Nayara Energy refinery.
- Ownership category
- akta.pro rank
Rosneft industry classification
Industry- Product category
- Integrated Oil and Gas (Upstream and Downstream)
- NAICS
- Petroleum Refineries (32411), Petroleum Bulk Stations and Terminals (424710), Fuel Dealers (4572), Petroleum Lubricating Oil and Grease Manufacturing (324191)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389), Natural Gas Transmission (4922)
- akta.pro primary industry
- Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)
- akta.pro secondary industry
- Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)
Keywords
Where Rosneft is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices8 records
Markets served
Rosneft business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Crude Oil Sales: Primary revenue stream from exploration, production and sale of crude oil domestically and for export to international markets including China, India, and other Asia-Pacific countries.
- Refined Petroleum Products: Downstream operations including petroleum refining, petrochemicals, gas processing, and sales of gasoline, diesel, jet fuel, and lubricants through retail station network.
- International Investments: Revenue from international subsidiaries including 49.13% stake in Nayara Energy (India) and upstream stakes in Sakhalin-1 and Vankorneft projects.
- Gas Business: Natural gas production, gas processing, and gas motor fuel sales through subsidiaries and joint ventures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Wholesale petroleum products sold to distributors and industrial customers via exchange trading |
| Unit Pricing | Pay-as-you-go | Retail fuel sales through company-owned filling station network |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Rosneft product offering
Product offeringCore offering
Rosneft is an integrated Russian petroleum company that conducts hydrocarbon exploration and production (upstream), refines crude oil into gasoline, diesel, jet fuel, marine fuel, lubricants, and petrochemicals (downstream), and markets these products through company-owned filling stations in Russia and long-term supply contracts with international refiners and energy companies in Asia-Pacific, including India and China. The company also operates a corporate cashless fueling payment system (RN-CARD) and a loyalty program (Komanda Card), and holds a 49.13% stake in India's Nayara Energy, which operates a 400,000 bpd refinery and over 7,000 retail outlets.
Product overview
Rosneft is a vertically integrated oil and gas company operating across upstream exploration and production, downstream refining, petrochemicals, and fuel retail. The company manages a portfolio of refineries across Russia including Syzran, Saratov, Bashneft, Kuibyshev, Novokuibyshevsk, Komsomolsk, Tuapse, and Ryazan, producing refined petroleum products, petrochemicals, and lubricants. Through its 49.13% stake in Nayara Energy, Rosneft operates India's Vadinar refinery processing Russian crude. Key product brands include Rosneft Oils (Magnum, Revolux lubricants), Pulsar 100 fuel, RN-CARD payment system, and Rosneft Magnum Racing oils. The company is developing the Vostok Oil project on Taymyr Peninsula and operates the Sakhalin-1 offshore fields.
Differentiator
Problem solved
Functional benefit
Brands
- RN-CARD: Corporate cashless payment system for fuel and services
- Pulsar 100
- Rosneft Oils
- Magnum Racing
- Energy of Life
Products and services
- Crude Oil Primary product from Rosneft's upstream exploration and production operations across Russia, sold domestically and internationally to refiners including Reliance Industries (500,000 bpd), Indian Oil Corp (750,000 bpd), BPCL, and HPCL. 2024 hydrocarbon output was 255.9 million tonnes of oil equivalent.
- Refined Petroleum Products (Gasoline, Diesel, Jet Fuel, Marine Fuel) Refined petroleum products including gasoline, diesel, kerosene, jet fuel, marine fuel, and lubricants manufactured at Rosneft's network of owned refineries, distributed through wholesale channels and the company's filling station network.
- Petrochemicals Petrochemicals produced by Rosneft's petrochemical complex including Ufaorgsintez (phenol, acetone, polyethylene, polypropylene, high-octane components for motor gasoline) and Angarsk Petrochemical Company. Sold to industrial customers for chemical and polymer applications.
- Lubricants (Magnum, Revolux, Magnum Racing) Rosneft Oils lubricant product lines for commercial and light vehicle transport, sold under the Magnum and Revolux brands; Rosneft Magnum Racing is a sports racing motor oil developed for the LADA Sport ROSNEFT racing team for extreme competitive conditions.
- Pulsar 100 High-Octane Fuel Branded high-octane petrol (Pulsar 100) sold at Rosneft's filling stations, also used by the LADA Sport ROSNEFT racing team. Marketed as a premium fuel offering.
- RN-CARD Corporate Cashless Payment System Corporate cashless payment system for fueling operations at Rosneft gas stations, also offered through the Komanda Card loyalty program. Enables B2B fuel purchases and cashless transactions across the network.
- Natural Gas and Gas Motor Fuel Natural gas production, gas processing, and gas motor fuel (CNG/LNG) sales through Rosneft subsidiaries and joint ventures, sold to industrial customers and transport operators.
- Vostok Oil Upstream Development Major oil development project on the Taymyr Peninsula in northern Russia with total investment exceeding $100 billion. Operated through RN-Vankor and connecting to Sever Bay terminal. Provides crude oil for export to Asian markets including the $13 billion annual supply contract with Reliance Industries.
- Sakhalin-1 Offshore Production Offshore project covering Chayvo, Odoptu, and Arkutun-Dagi fields in the Okhotsk Sea off Sakhalin Island with estimated reserves of 2.3 billion barrels of oil and 17.1 trillion cubic feet of natural gas. Rosneft holds a 20% stake alongside ExxonMobil (30%), Japan's SODECO (30%), and India's ONGC Videsh (20%); production approximately 140,000-150,000 barrels per day.
- Nayara Energy Refining and Retail (India) Indian energy business 49.13% owned by Rosneft (effective control), operating a 400,000 barrels-per-day (20 million tonnes per year) refinery at Vadinar, Gujarat, processing predominantly Russian crude, and over 7,000 retail fuel stations across India. Rosneft's largest international downstream investment.
Quantifiable outcome
- Russia's largest oil company with significant influence on global oil markets and pricing
- +2 more outcomes
Companies that use Rosneft
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Rosneft technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Rosneft partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, minor and strategic.
- Sakhalin-1 ConsortiumcoreSakhalin-1 consortium includes Rosneft (20%), ExxonMobil (30%), Japan's SODECO (30%), and India's ONGC Videsh Ltd. (20%). Project covers Chayvo, Odoptu, and Arkutun-Dagi fields in the Okhotsk Sea off Sakhalin Island with estimated reserves of 2.3 billion barrels of oil and 17.1 trillion cubic feet of natural gas.
- Reliance Industriescore$13 billion annual supply contract for 500,000 barrels per day of Russian crude oil to India's Reliance Industries, one of the world's largest refining complexes.
- PetronasminorMalaysian national oil company Petronas holds a stake in Rosneft and is exploring further partnerships with Russian firms in gas and nuclear energy.
- IREL (India) LtdstrategicIndia's state-backed miner IREL is in discussions with Rosneft to source rare earth samples from the Tomtor deposit in Siberia's Yakutia region. Rosneft acquired the Tomtor deposit last year. India approved 73 billion rupees programme for rare earth magnet manufacturing.
- ONGC Videsh LtdstrategicIndian state company ONGC Videsh holds 20% stake in Sakhalin-1 project and stakes in Vankorneft upstream assets, representing significant India-Russia energy cooperation.
- Rosimushchestvo (Russian Federal Agency for State Property Management)coreCooperation agreement signed at SPIEF 2025 to improve corporate management standards in government-sponsored enterprises through information exchange, joint seminars and conferences.
- Rosprirodnadzor (Russian Federal Service for Supervision of Natural Resources)strategicCooperation agreement signed at SPIEF 2025 for consulting and expert support in implementation of Rosneft's investment projects.
- Nayara EnergycoreRosneft holds 49.13% stake in Nayara Energy, which operates a 400,000 barrels per day refinery at Vadinar, Gujarat, India. The refinery processes only Russian crude since EU sanctions complicated alternative supplier relationships. Nayara has expanded to over 7,000 retail fuel stations across India.
Scale indicators8 records
Recent moves10 records
Expansion highlights7 records
Rosneft competitors and assessment
Company assessmentDirect peers
- Lukoil: Lukoil is Russia's second-largest integrated oil company with comparable upstream, refining, and retail operations. It competes directly with Rosneft for Russian acreage, refining capacity, and export flows.
- Gazprom Neft: Gazprom Neft is the oil arm of the Gazprom group, operating upstream production, refining, and filling stations in Russia. It is a direct domestic peer with overlapping customer segments and infrastructure footprint.
Others
- Indian Oil Corporation: IOC is India's largest state refiner and the largest single buyer of Rosneft's crude at 750,000 bpd. It is a critical offtake counterparty and operates an integrated refining-and-retail model comparable in downstream scope.
- ONGC Videsh: ONGC Videsh is India's overseas upstream arm and holds a 20% stake in Sakhalin-1 alongside Rosneft. It is comparable as a state-affiliated international upstream investor and a long-standing joint-venture partner.
- Reliance Industries (Refining): Reliance operates the world's largest refining complex at Jamnagar and is both a customer ($13B/yr Russian crude contract) and a counterparty to Rosneft. It is comparable as an integrated downstream and retail operator whose decisions directly affect Rosneft's offtake.
Regional players
- Tatneft: Tatneft is a major Russian vertically integrated oil company with upstream operations in Tatarstan and refining capacity. It is a regional peer competing for domestic crude flows, refining volumes, and retail market share in Russia.
Broad incumbents
- ExxonMobil: ExxonMobil is a global supermajor integrated oil and gas company and a former partner in Sakhalin-1. It is a broad incumbent peer in upstream technology, refining scale, and global crude marketing.
- Petrobras: Petrobras is a partially state-controlled integrated oil company with significant offshore production and refining. It is comparable to Rosneft in scale, state involvement, and integrated business model, though serving a different geography.
- Saudi Aramco: Saudi Aramco is the world's largest integrated national oil company and a state-controlled producer with massive upstream and refining capacity. It competes with Rosneft for share of Asian crude demand and benchmark pricing influence.
- PetroChina / CNPC: PetroChina/CNPC is a major integrated state-owned oil company in China. It is a comparable counterpart in the Russia-China energy axis and competes for Asian refining and petrochemical demand.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Rosneft social profiles
Digital presenceRosneft compliance and trust
Trust signalCompliance2 records
Rosneft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rosneft leadership team
Management profileNumber of profiles
Profiles12 records
Rosneft subsidiaries and ownership
Company hierarchySubsidiaries11 records
Rosneft funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rosneft M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rosneft
What does Rosneft do?
Rosneft is an integrated Russian petroleum company that conducts hydrocarbon exploration and production (upstream), refines crude oil into gasoline, diesel, jet fuel, marine fuel, lubricants, and petrochemicals (downstream), and markets these products through company-owned filling stations in Russia and long-term supply contracts with international refiners and energy companies in Asia-Pacific, including India and China. The company also operates a corporate cashless fueling payment system (RN-CARD) and a loyalty program (Komanda Card), and holds a 49.13% stake in India's Nayara Energy, which operates a 400,000 bpd refinery and over 7,000 retail outlets.
Is Rosneft a public or private company?
Rosneft is a public company. It is classified as public and is currently operating.
When was Rosneft founded?
Rosneft was founded in 1993. It employs 5,001 to 10,000 people.
Where is Rosneft based?
Rosneft is headquartered in Moscow, Russia, in the Europe region.
How does Rosneft make money?
Four revenue lines are on record. Crude Oil Sales are the primary driver. The others are refined Petroleum Products, international Investments and gas Business.
Who are Rosneft's main competitors?
Direct peers on record are Lukoil and Gazprom Neft. Others are Indian Oil Corporation, ONGC Videsh and Reliance Industries (Refining). Tatneft is listed as a regional player. Broad incumbents are ExxonMobil, Petrobras, Saudi Aramco and PetroChina / CNPC.
Does Rosneft have an API?
No public API is recorded for Rosneft.
What industry is Rosneft in?
Rosneft's product category is Integrated Oil and Gas (Upstream and Downstream). Its primary akta.pro industry code is EUALAIAD, Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery), with a secondary code of EUAEAGAF, Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations). Its NAICS code is 32411 and its SIC code is 1311.