Rosneft Deutschland GmbH (a Rosneft subsidiary) started operating business in Germany, key European market for refined products.

Rosneft boosted its throughput at refineries in Germany to 12.7 mmt in 2016, an 17.8 % increase year-on-year.

In 2016 the volume of refined products produced at the German refineries by Rosneft amounted to 13.7 mmt, 80 % of the volume accounts for light refined products, demonstrating high operational performance and technical level of Rosneft’s refining capacities in the region.

The Company’s crude oil supply volume to Germany in 2016 has risen to 22.5 mmt from 21.5 mmt in 2015, a 4.6 % increase. Rosneft keeps its share in German crude oil import at approximately 1/4 during the past three years.

Efficient work of the Company’s trading unit in crude oil procurement and supply along with logistical advantages, among which is the location of the Druzhba crude oil pipeline allowing direct deliveries to PCK refinery contribute to the consistently high level of supplies. Rosneft intends to maintain competitive position of refineries by increasing reliability and mechanical availability, enhancing light products output, increasing efficiency and implementing cost reduction programs.

About Rosneft in Germany

Rosneft is the third largest crude oil refiner in the German market with a total refining throughput approximately 12.5 million tons per year, representing more than 12% of the processing capacity in Germany. Average conversion rate of the Rosneft capacities is 93%, average Nelson complexity index - 9.1. Operating activities in Germany are run by Rosneft subsidiary - Rosneft Deutschland GmbH, which manages feedstock supplies to Rosneft shares in PCK, MiRO and Bayernoil refineries as well as sales of refined products.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest public oil and gas company by liquid hydrocarbon production and reserves. The Company’s core operations are in hydrocarbon exploration and appraisal, production of oil, gas and gas condensate, offshore developments, refining, marketing of oil, gas and oil products inside and outside Russia, and investment activity.

Rosneft’s exploration and production geography spans across all key oil and gas provinces in Russia, namely Western Siberia, Southern and Central Russia, Timano-Pechora, Eastern Siberia and the Far East. The Company also implements projects in Kazakhstan, Algeria, Venezuela, Brazil, Vietnam, the UAE, Canada, and in the Gulf of Mexico. Offshore projects, including in the Arctic, take a special place in Rosneft’s portfolio. Rosneft has joined forces with ExxonMobil, Eni and Statoil to develop Russia’s offshore resources.