Date: a month ago   Category: Energy

Rosneft increased contributions to the federal budget in 20 years by 500 times — Rambler News Service


Photo: globallookpress.com/Rosneft Rosneft increased contributions to the federal budget of the Russian Federation in 1999-2018 by 500 times — from 8 billion to 4 trillion rubles, it is said in the statement of the company. "During 1999-2018 the share of Rosneft in federal revenues increased from 8 billion to record 4 trillion rubles, that is almost by 500 times" — it is said in the statement. As the company notes, in 20 years Rosneft provided 90% of all privatization revenues of the state from the oil industry. The revenue of Rosneft for this period increased more than by 115 times; the multiplicative effect of investment programs of the company exceeded 14 trillion rubles. Oil production by the company increased by 19 times, from 12.5 to 230 million tons, gas production – by 10 times — to 67 billion cubic meters. Now Rosneft provides 41% of total amount oil production in Russia and 6% of world oil production. 35% of gain of production in Russia and more than 75% in Eastern Siberia fall to the share of Rosneft. Since 1999 the company provided input in development of 17 new large-scale deposits with a total amount of stocks about 3 billion tons of oil equivalent, having invested over 1.5 trillion rubles in these projects. The share of production of motor fuels of Rosneft in the total production of the country increased from 3% in 1999 up to 38% in 2018. Also it is said in the statement that Rosneft also turned into one of leaders of the industry in a daily driving (56.7 thousand meters a day) and to the number of the entered wells (3.4 thousand new wells in 2018 from which 48% horizontal). Cost of production of Rosneft - the lowest among all public companies of the world - $3.1 for barrel of an oil equivalent. Since 2014 the company attracted more than a quarter of all volume of direct foreign investments to Russia - $24 billion. The day before it became known that the Russian President Vladimir Putin signed the decree on rewarding with awards of the former head of Rosneft, the head of Neftegazholding Eduard Khudaynatov and also more than 60 employees of Rosneft, including the first vice president of Rosneft Pavel Fedorov, the vice president for power, localization and innovations of the company Andrey Shishkin, the head of service of internal audit Gennady Bukayev, the secretary of state Elena Zavaleeva, the vice president for commerce and logistics Otabek Karimov, the chief geologist Andrey Lazeev, the press secretary of Mikhail Leontyev, the vice president for oil processing Alexander Romanov, the chief accountant Dmitry Torbu and the first vice president Eric Liron. "In PJSC Rosneft with gratitude apprehended an appreciation the country leaders of a contribution of her employees to development of the oil and gas industry" — it is specified in the message of Rosneft.

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