Rosneft

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.

Name

Rosneft

Legal name

Rosneft Oil Company

Website

https://rosneft.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

10,001+ 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

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

• Crude oil production
• Petroleum refining
• Fuel retail network
• Lubricants manufacturing
• Petrochemical products

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices8 records

Markets served

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

1. 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.
2. Refined Petroleum Products: Downstream operations including petroleum refining, petrochemicals, gas processing, and sales of gasoline, diesel, jet fuel, and lubricants through retail station network.
3. International Investments: Revenue from international subsidiaries including 49.13% stake in Nayara Energy (India) and upstream stakes in Sakhalin-1 and Vankorneft projects.
4. Gas Business: Natural gas production, gas processing, and gas motor fuel sales through subsidiaries and joint ventures.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, minor and strategic.

• Sakhalin-1 ConsortiumcoreStrategic or Co-development Partner · 19 June 2026Sakhalin-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 IndustriescoreChannel Partner/ Reseller/ Distributor · 17 June 2026$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.
• PetronasminorStrategic or Co-development Partner · 17 June 2026Malaysian national oil company Petronas holds a stake in Rosneft and is exploring further partnerships with Russian firms in gas and nuclear energy.
• IREL (India) LtdstrategicStrategic or Co-development Partner · 16 June 2026India'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 LtdstrategicStrategic or Co-development Partner · 6 June 2026Indian 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)coreStrategic or Co-development Partner · 20 June 2025Cooperation 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)strategicStrategic or Co-development Partner · 20 June 2025Cooperation agreement signed at SPIEF 2025 for consulting and expert support in implementation of Rosneft's investment projects.
• Nayara EnergycoreStrategic or Co-development Partner · 1 January 2022Rosneft 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

Direct 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

• YouTubeyoutube.com/channel/UCMQsspvWUbUp-rj7y8Y2nPg
• Xx.com/rosneften

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rosneft