© 2005–2024 ПАО НК «РуссНефть»

History of the Company

2022

2022

Story of Success 2:0
  • Intensive widening of business horizons
  • Resilience to adverse external factors
  • Scaling up best management practices

2021

2021

Dynamic acceleration
  • Scaling of the best management practices
  • Implementation of anti-crisis measures
  • The rapid growth of financial indicators in the context of production growth within the OPEC+ quota

2020

2020

Socio: logical
  • Success in social sustainability in a period of extraordinary pressure from external negative factors
  • Scaling anti-crisis measures across the entire vertical of management

2019

2019

Sustainability as a Leadership Multiplier
  • Scaling green technologies in production processes
  • Leadership in the share of profitable reserves

2018

2018

Growth Optimization
  • A significant increase in the resource base, the introduction of new technologies, cost optimization

2017

2017

Included in Stock Indexes
  • Since September 22, 2017 RussNeft securities have been included in the MICEX Index, RTS Index, Broad Market Equity Index and Oil and Gas Index of the Moscow Exchange

2016

2016

IPO on the Moscow Exchange
  • RussNeft's securities were included in the First Quotation List
  • The placement price was 550 rubles per share
  • Demand exceeded supply by more than 30%
  • Significant activity was shown by individuals who submitted more than 2,000 applications
  • This is the first IPO of an oil company in Russia since 2006
  • 15% of the authorized capital of the Company is in free float

2016 – 2013

2016 – 2013

Asset Portfolio Optimization
  • Significant reduction in debt burden
  • Glencore's debt-to-equity conversion resulting in a 25% stake in Glencore
  • Successful implementation of the gas program (APG utilization reaches 95%)
  • The current business model of RussNeft implies a focus on the upstream segment

2012 – 2010

2012 – 2010

Resumption of Expansion
  • Growth of the investment program (by 60% compared to 2009)
  • Additional exploration of reserves
  • Further growth in hydrocarbon production

2009 – 2008

2009 – 2008

Anti-crisis Program
  • Cost reduction and stabilization of production costs
  • Further increase in the resource base (about 20 million tons)
  • Growth in retail sales of petroleum products (about 11%)

2007 – 2006

2007 – 2006

Organic Development
  • Significant increase in drilling volumes
  • Further growth of the resource base
  • Stabilization of production volume and growth of oil refining volumes
  • Active implementation of a well intervention complex at mature assets in the Volga region

2005 – 2002

2005 – 2002

Extensive Growth
  • Successful formation of the resource base (growth by 70% over 3 years)
  • RussNeft is one of the top 10 Russian oil and gas companies in terms of hydrocarbon production
  • Beginning of partnership with Glencore (including shareholding in RussNeft's subsidiaries)