V. Putin expects Tianjin summit to give new impetus to SCO development

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

Moscow, Aug. 30 (Xinhua) — Russian President Vladimir Putin expressed hope that the Shanghai Cooperation Organization (SCO) summit in Tianjin will give a new powerful impetus to the organization's activities.

In a written interview with Xinhua ahead of his visit to China to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin and the festivities in Beijing to mark the 80th anniversary of Victory, Vladimir Putin hopes that following the upcoming summit, the Organization will gain additional powerful momentum, increase its potential to respond to modern challenges and threats, and strengthen solidarity in the common Eurasian space. “All this will contribute to the formation of a more just and multipolar world order,” he said.

V. Putin noted that the secret of such attractiveness of the SCO is quite simple – it is a firm commitment to the philosophy of creation, openness to equal cooperation, non-direction against third countries, respect for national characteristics, the uniqueness of each people.

"Based on these values, the SCO is participating in the construction of a more just multipolar world order based on international law with the central coordinating role of the UN. A major contribution to achieving this global goal is called upon to be the formation of an architecture of equal and indivisible security in Eurasia, including through close cooperation between the SCO member states," said V. Putin.

The Russian President is confident that the Tianjin summit will be an important milestone in the history of the SCO. He noted that Russia supports the priorities declared by the Chinese presidency, aimed at further consolidation of the SCO, deepening cooperation in all areas, and increasing the role of this organization on the world stage.

“I hope that through joint efforts we will be able to give the SCO a qualitatively new dynamic and modernize it in accordance with the demands of the times,” he said.

V. Putin highly appreciated the cooperation between Russia and China in multilateral formats. He emphasized that this is a huge layer of bilateral relations and, of course, a significant factor in global politics. The exchange of opinions on key international issues time and again confirms that Moscow and Beijing have a broad community of interests and similar views on fundamental issues.

He said that the Russian-Chinese strategic link acts as a stabilizing factor. The topic of current challenges and threats is invariably present in the bilateral political dialogue. Russian conceptual proposals for building a single space of equal and indivisible security in Eurasia echo the Initiative of Chinese President Xi Jinping on global security.

V. Putin noted that Russian-Chinese cooperation at the UN is at an unprecedentedly high level and fully corresponds to the spirit of comprehensive partnership and strategic cooperation. The two countries attach particular importance to the work in the Group of Friends in Defense of the UN Charter, which is a significant instrument for consolidating the Global South. “Russia and China are in favor of reforming the World Organization so that it fully restores its authority and corresponds to modern realities,” said V. Putin.

The Russian President said that close cooperation between Moscow and Beijing has made positive adjustments to the work of leading economic platforms such as the Group of Twenty and APEC. “This year, the Group of Twenty is led by our South African friends. We expect that, based on the results of their ‘watch’, we will consolidate the achievements of the Global South and make them a starting point for the democratization of international relations. Within the framework of APEC, the Chinese presidency in 2026 is intended to give impetus to Russian-Chinese contacts.”

China and Russia actively interact within BRICS and jointly promote initiatives aimed at expanding the economic development opportunities of the member countries, including the formation of common platforms for partnership in key sectors. The two countries pay special attention to attracting additional resources for the implementation of significant infrastructure projects and jointly advocate for further enhancing the role of BRICS in solving the pressing problems of our time. Russia and China jointly oppose discriminatory sanctions in global trade, which hinder socio-economic development.

V. Putin noted that Russia and China are in favor of reforming the International Monetary Fund and the World Bank. The two sides agree that the new financial system should be built on the principles of openness and genuine fairness, ensure equal and non-discriminatory access to its instruments for all countries without exception, and reflect the real position of member countries in the global economy.

"We need progress for the benefit of all mankind. I am confident that Russia and China will continue to work together to achieve such a noble goal, to combine efforts for the prosperity of our great nations," V. Putin stated. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Cultural exchanges between Russia and China continue to develop dynamically – Russian President V. Putin

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

Moscow, Aug. 30 (Xinhua) — Russian President Vladimir Putin said that cultural exchanges between Russia and China continue to develop dynamically today.

In a written interview with Xinhua ahead of his visit to China to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin and the festivities in Beijing marking the 80th anniversary of Victory, Vladimir Putin noted that large-scale bilateral humanitarian initiatives make a significant contribution to promoting friendly ties.

The “Roadmap” for Russian-Chinese humanitarian cooperation until 2030, which includes more than 100 large-scale projects, is being consistently implemented, noted V. Putin.

V. Putin particularly noted the successful organization of the Years of Culture of Russia and China, which are being held in 2024-2025. The rich, diverse program of this “cross” initiative finds the most lively public response in both Russia and China.

He emphasized that cooperation in education and science has great prospects. There is good dynamics in academic mobility and inter-university contacts. Today, over 51 thousand Chinese students study in Russia, and 21 thousand Russian students study in China.

Cooperation in scientific, technical and innovative fields is expanding. There are good results in sports cooperation. There is active cooperation in the film industry. The figures in the tourism sector are encouraging – by the end of 2024, mutual tourist flow increased by 2.5 times and reached 2.8 million people. Along with this, the two countries are also promoting cooperation in the field of youth policy and the media, as well as through archival departments.

"It is gratifying that bilateral humanitarian cooperation is gaining momentum. This is undoubtedly a strategic direction of our relations, designed to form a broad public base of friendship, good neighborliness and mutual understanding," said V. Putin. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Vietnam appoints new acting foreign minister

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

HANOI, Aug. 30 (Xinhua) — Vietnamese Prime Minister Pham Minh Trinh presided over a ceremony in the capital Hanoi on Saturday to formally appoint Le Hoai Trung as acting foreign minister, the Vietnam News Agency reported.

The report added that Le Hoai Trung was transferred from his post as head of the Office of the Central Committee of the Communist Party of Vietnam to take up duties at the Foreign Ministry. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Russian President Vladimir Putin said he expected to thoroughly discuss bilateral relations with Xi Jinping

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

Moscow, Aug. 30 (Xinhua) — Russian President Vladimir Putin said he expects to have a thorough discussion with Chinese President Xi Jinping on all aspects of the bilateral agenda.

In a written interview with Xinhua ahead of his visit to China to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin and the festivities in Beijing to mark the 80th anniversary of the Victory, Vladimir Putin recalled that Chinese President Xi Jinping's visit to Russia in May this year was a great success, had a wide international resonance and received the highest praise in Russia. During this visit, the two countries adopted a detailed joint statement and signed a solid package of bilateral documents.

"The visit was deeply symbolic in terms of the development of Russian-Chinese relations. We confirmed the strategic choice of our peoples in favor of strengthening the traditions of good neighborliness, friendship and mutually beneficial cooperation in the long term," said V. Putin.

The Russian President noted that, at the invitation of Chairman Xi Jinping, he will soon go on a return visit to China, during which the leaders will thoroughly discuss all aspects of the bilateral agenda and exchange opinions on current regional and international issues.

According to him, Russia highly appreciates the sincere desire of the head of the Chinese state to comprehensively develop relations of comprehensive partnership and strategic interaction with Moscow.

Touching upon the topic of bilateral trade, V. Putin noted that economic relations between Russia and China have reached an unprecedentedly high level. Since 2021, trade turnover has grown by about $100 billion. In terms of bilateral trade, China is the undisputed leader for Russia, and last year Russia took fifth place among foreign countries – China's foreign trade partners. Settlements between the two countries have been almost entirely transferred to national currencies.

V. Putin said that Russia firmly holds the lead in oil and gas exports to China, the two countries continue to work on reducing trade barriers for each other, and in recent years, pork and beef exports to China have been established. In general, food products and agricultural products occupy one of the leading positions in Russian exports to China.

The Russian President said that the volume of bilateral capital investments is increasing and large joint projects are being implemented in priority sectors. The two countries are closely cooperating in the industrial sector.

“Russia is one of the world’s main markets for Chinese automobile exports,” he said. “Joint construction of high-tech production and infrastructure facilities is underway. There are large-scale plans in the construction materials industry.”

"Economic cooperation, trade, and industrial cooperation between our countries are developing in many areas. During my upcoming visit, we will definitely discuss further prospects for mutually beneficial cooperation and new steps to intensify it for the benefit of the peoples of Russia and China," said V. Putin. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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/SCO Summit in Tianjin/ How Chinese Port Cities Are Closely Linked to SCO Development

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

BEIJING, Aug. 30 (Xinhua) — In the 24 years since the founding of the Shanghai Cooperation Organization (SCO), under the guidance of the "Shanghai Spirit" characterized by mutual trust, mutual benefit, equality, mutual consultation, respect for cultural diversity and the pursuit of common development, the SCO has become a regional international organization with the largest territorial coverage and the largest population in the world.

The three Chinese port cities are closely linked to the development of the SCO.

SHANGHAI – THE CRADLE OF SECURITY

On June 15, 2001, the heads of state of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan jointly announced in Shanghai the creation of a new regional international organization on the Eurasian continent – the SCO.

The SCO was created in response to security needs. Shanghai, as the birthplace of the SCO, has consistently supported the organization's cooperation in areas such as counter-terrorism, drug control, and cybersecurity.

"The driving force behind the development of the SCO is not based on the logic of alliance or confrontation, but on its unique membership structure, functional orientation and cooperation orientation. Its goal is not to compete for regional dominance, but to solve the problems of regional security governance," said Zhao Long, deputy director of the Institute of Global Governance at the Shanghai Institute of International Studies.

In 2013, at the 13th meeting of the SCO Heads of State Council, China announced the establishment of the “SCO/China/Center for International Legal Training and Cooperation” at the Shanghai University of Political Science and Law, the construction of which was completed in 2017.

“One of the main tasks of this center is to promote practical cooperation between SCO member states in such areas as the fight against transnational crime, drug trafficking and extremism,” noted the rector of the Shanghai University of Political Science and Law, director of the office of the Center for International Legal Training and Cooperation of the SCO /China/ Liu Xiaohong.

According to her, to date, the center has conducted more than 90 courses in online and offline formats, during which about 3 thousand foreign specialists have been trained.

The SCO actively advocates for the political settlement of pressing international and regional issues, including support for the efforts of the international community to achieve peace and development in Afghanistan, support for a comprehensive and fair settlement of the Palestinian issue based on the principle of “two states for two peoples”, firm support for the multilateral trading system and strong condemnation of the abuse of military force.

“The SCO advocates for the protection of the interests of the countries of the Global South, and thus makes efforts to advance the development of global governance in a more just and rational direction,” said Sun Zhuangzhi, director of the Institute of Russia, Eastern Europe and Central Asia at the Chinese Academy of Social Sciences.

QINGDAO – A BRIDGE OF TRADE AND ECONOMIC PARTNERSHIP

Since its construction was announced in 2018, the China-SCO Regional Economic and Trade Cooperation Demonstration Zone (hereinafter referred to as the “China-SCO Demonstration Zone”), located in Qingdao City, Shandong Province, East China, has accelerated the development and exchanges in commerce, tourism and culture, thereby promoting the integration development of Qingdao City with the SCO countries and the Belt and Road Initiative countries.

Zhang Xinzhu, head of the China-SCO Demonstration Zone, noted that the zone is gradually becoming an influential place where cultural elements, trade and economic resources, and important events within the SCO are combined.

“The China-SCO Demonstration Zone provides an opportunity to strengthen regional trade and economic ties, cultural exchanges and investment cooperation between the SCO countries,” said Evgeniya Ermolaeva, head of the international projects center of the autonomous non-profit organization “Center for Assistance to Entrepreneurship Development of the Novosibirsk Region.”

She added that the China-SCO Demonstration Zone provides comprehensive infrastructure, including logistics and transportation, which is especially important for enterprises engaged in foreign trade.

The Pearl of SCO International Expo Center, which is located in the China-SCO Demonstration Zone in Qingdao as a landmark project, greatly enhances the openness of this zone.

Head of the Belarus pavilion at the SCO Pearl Jia Tongqiang noted that Qingdao's rich port resources and developed logistics links with the SCO countries provide a reliable guarantee for the import and export of goods, as well as for the formation of supply chains.

According to data from the General Administration of Customs of the People's Republic of China, in January-July 2025, China's trade volume in goods with other SCO member states amounted to 2.11 trillion yuan (US$1 is about 7.14 yuan), an increase of 3 percent year-on-year, reaching a new historical high.

The agency's data also showed that China's trade volume with other SCO member states reached 3.65 trillion yuan in 2024, 36.3 times higher than the level recorded at the organization's founding in 2001.

SCO Secretary General Nurlan Yermekbayev said that direct interaction between enterprises and investors, as well as between regions, is intended to become a reliable basis for strengthening industrial cooperation, developing new markets and implementing specific projects specifically under the SCO brand.

TIANJIN – A WINDOW OF CULTURAL INTERACTION

As an important gateway for opening up to the outside world in northern China, Tianjin became the fourth Chinese city after Shanghai, Beijing and Qingdao to host the SCO summit.

From August 31 to September 1, this metropolis will host the largest SCO summit since the organization’s founding, with more than 20 leaders of foreign countries and 10 senior officials from international organizations taking part.

Lu Ban Workshop, named after the famous ancient Chinese craftsman Lu Ban, is a brand of international vocational education initiated and promoted by Tianjin City Government.

To date, China has built 34 Lu Ban Workshops in 30 countries and regions around the world. 10 of them were established in Kazakhstan, Tajikistan, Uzbekistan, Russia, Pakistan, Cambodia, Egypt and other SCO countries.

“In less than ten years, Lu Ban Workshops has become so global that Chinese standards have become available abroad and have helped local development,” said Igor Khodachek, director of the Center for Eurasian Studies at the European University at St. Petersburg.

Director of the Institute of World Politics of Kyrgyzstan Sheradil Baktygulov said that the “Lu Ban Workshop” contributes to the development of Kyrgyzstan in such areas as robotics, unmanned driving and computer science. “Thanks to this project, our country can get the opportunity to develop complex high-tech equipment and technologies.”

Since 2022, Wu Zhengpeng, a teacher at Tianjin Vocational Institute of Urban Administration and Construction, has been teaching at the “Lu Ban Workshop” in Tajikistan using advanced equipment and 3D teaching resources.

“We had a comprehensive discussion with the teachers from the Tajik side and jointly formulated the curriculum and discussed the methodology,” Wu Zhengpeng shared.

Former SCO Secretary General and former Tajik Ambassador to China Rashid Alimov believes that the SCO unites countries with different histories, cultures and languages. Its practice shows that dialogue between civilizations is not only possible, but also productive. This can strengthen trust, cooperation and create conditions for peaceful development.

Secretary General of the Chinese SCO Committee on Good-Neighborliness, Friendship and Cooperation Zuo Hongbo noted that the SCO summit in Tianjin will deepen mutual understanding and friendship between the peoples of the organization's countries. -0-

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Organizational meetings for those admitted to full-time and part-time education

Translation. Region: Russian Federal

Source: Saint Petersburg State University of Architecture and Civil Engineering –

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Dear first-year students of the Faculty of Continuous Education (FCE) of SPbGASU!

The organizational meeting with first-year students of the full-time and part-time forms of study will be held on September 4, 2025 (Thursday) at 15:00 in a remote format in the Microsoft Teams program (you will receive a link to join the meeting on September 1 or 2 by e-mail specified upon admission). The educational process will begin in the second week of September.

The organizational meeting with first-year students of the correspondence course will also be held remotely. The date and time of the meeting will be specified later, there will be an additional announcement. You will also receive an email indicating the date, time of the meeting and a link to connect. Stay tuned!

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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11 killed, one missing after heavy rains, landslides hit Indian-controlled Kashmir

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

NEW DELHI, Aug. 30 (Xinhua) — At least 11 people were killed and one was missing on Saturday in heavy rains and landslides in Indian-controlled Kashmir, officials said.

Heavy rains and landslides hit Reasi and Ramban districts south of Srinagar.

"Early this morning, seven members of a family were buried alive after a landslide triggered by heavy rain destroyed their house in Karara village of Reasi district. Villagers have recovered the bodies," the official said.

Four more people were killed and one was missing after heavy rains hit Rajad village in Ramban district.

The incidents on Saturday were the latest in a series of such tragedies that have hit the region in recent months during the monsoons. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Five killed, eight injured in eastern Afghanistan due to heavy rains and flash floods

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People's Republic of China – State Council News

KABUL, Aug. 30 (Xinhua) — Five people were killed and eight others injured in heavy rains and flash floods in Afghanistan's eastern Nangarhar province, state-run Bakhtar News Agency reported on Saturday.

The state news agency, quoting Mavalvi Sediqullah Qureshi, the provincial director of information and culture, added that five people were killed and eight others injured as a result of heavy rains that caused floods in Rodat, Haska Mina and Chaparhar districts on Friday.

The flooding also destroyed thousands of acres of farmland and damaged roads and several canals, the agency added, citing an official. -0-

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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RESULTS OF PJSC NK ROSNEFT FOR 1H 2025 ACCORDING TO IFRS

Translation. Region: Russian Federal

Source: Rosneft – An important disclaimer is at the bottom of this article.

HYDROCARBON PRODUCTION – 121.6 MILLION TOE LIQUID HYDROCARBON PRODUCTION – 89.3 MILLION T GAS PRODUCTION – 39.3 BILLION CUBIC M EBITDA – RUB 1,054 BILLION NET PROFIT ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS – RUB 245 BILLION FREE CASH FLOW – RUB 173 BILLION

PJSC NK Rosneft (hereinafter referred to as Rosneft, the Company) publishes its results for the first half of 2025, prepared in accordance with International Financial Reporting Standards (IFRS).

  1st half 2025 1st half 2024 % change
billion rubles
Revenue from sales and income from associates and joint ventures 4 263 5 174 (17.6)%
EBITDA 1,054 1 650 (36.1)%
Net profit attributable to shareholders of PJSC NK Rosneft 245 773 (68.3)%
Capital expenditures 769 696 10.5%
Adjusted Free Cash Flow 173 700 (75.3)%

Commenting on the results for H1 2025, Chairman of the Management Board and Chief Executive Officer of PJSC NK Rosneft I.I. Sechin noted:

"The first half of this year was characterized by a decrease in oil prices, primarily due to overproduction of oil. The main reason is the active increase in production by OPEC countries, including Saudi Arabia, the UAE, Iraq, Kuwait; production growth is also observed in Brazil and other countries. According to our estimates and the expectations of leading energy agencies, the surplus on the oil market in Q4 2025 will be 2.6 million barrels per day, in 2026 – 2.2 million barrels per day.

In addition, there was an expansion of discounts on Russian oil due to the tightening of sanctions by the EU and the US and a significant strengthening of the ruble, which had a negative impact on the financial results of all exporters. I would like to note that non-market formation of the national currency exchange rate ultimately leads to non-market, non-transparent pricing of oil and oil products both on the domestic and foreign markets.

I would like to separately note the outpacing inflation growth of tariffs of natural monopolies, which, against the backdrop of unfavorable market conditions, is putting additional pressure on the oil industry. Since the beginning of the year, Transneft tariffs for oil transportation have been indexed by 9.9%, petroleum products – 13.8%, Russian Railways tariffs for freight rail transportation – by 13.8%; since July 1, regulated wholesale prices for Gazprom gas have grown by 10.2%, and grid companies' tariffs for electricity transmission services – 11.6%.

Excessive indexation of tariffs regulated by the Russian Government accelerates cost inflation, contributes to the growth of the price level and is one of the reasons for the slower reduction of the key rate. Despite the decisions taken by the Bank of Russia in June-July, the rate of reduction of the rate is clearly insufficient.

One of the consequences of maintaining the key rate at an elevated level for a long time is the excessive strengthening of the ruble exchange rate, which leads to losses for both the Russian budget and exporting companies. In addition, the high rate leads to an increase in debt servicing costs, which worsens the financial stability of corporate borrowers, leads to a reduction in profits and undermines their investment potential.

In the current conditions, Rosneft forms its budget based on realistic assumptions, using an oil price of $45 per barrel. Continuous monitoring, analysis and ranking of the portfolio are conducted. We optimize production and focus on high-margin projects with a special tax regime, including Vostok Oil and Sakhalin-1, to create a source of dividend payments. At the same time, a number of other companies pay dividends by attracting debt.

For reference. Dynamics of hydrocarbon production by international companies in H1 2025 compared to H1 2024: bp (-5%), Shell (-4%), Chevron (1%, including Venezuela), Equinor (1%, target premium market – Europe), Saudi Aramco (1%, due to the introduction of free capacities putting pressure on prices and increasing debt), ExxonMobil (13%, taking into account the low tax burden based on the resource base of Guyana and the Permian Basin; target market – the USA; taking into account the tasks facing the domestic market; the company is constantly searching for resources with a projected depletion of the resource base by 2035).

Despite the negative external background, Rosneft continues to strictly adhere to its dividend policy, paying dividends continuously since 2000.

In the interests of our shareholders and in full compliance with the approved policy, in August 2025 Rosneft completed the payment of final dividends approved by the annual shareholders' meeting. The total dividend amount for 2024 was RUB 542 billion, or RUB 51.15 per share."

Operating indicators

Exploration and production

The Company's hydrocarbon production in H1 2025 amounted to 121.6 million tonnes of oil equivalent (4.99 million barrels of oil equivalent per day), including 89.3 million tonnes (3.67 million barrels of oil equivalent per day) and 39.3 billion cubic metres (1.32 million barrels of oil equivalent per day) of gas.

Some companies demonstrated growth in hydrocarbon production at the end of the reporting period, but this was due to increased production within international projects, including Venezuela, Iraq, Egypt, etc. Rosneft, working under service contracts, does not put reserves on the balance sheet and does not take into account the production of commercial oil.

The drilling meterage in production drilling in the first half of 2025 was about 6 million meters, 1.4 thousand new wells were put into operation, 74% of which were horizontal.

Onshore in the Russian Federation, in the first half of 2025, Rosneft completed 1.2 thousand linear km of 2D seismic work and 3.2 thousand square km of 3D seismic work. Testing of 17 exploration wells was completed with a success rate of 100%.

Vostok Oil Project

As part of the implementation of the flagship project "Vostok Oil" in the first half of 2025, 1.2 thousand linear km of 2D seismic exploration work and 1.5 thousand square kilometers of 3D work were completed. One well was successfully tested, drilling of another well was completed, and construction of four exploration and appraisal wells was started.

The company continues pilot development of the Payakhskoye and Ichemminskoye fields: in the first half of 2025, the drilling meterage in production drilling exceeded 62 thousand meters, 14 production wells were completed. Test production is underway at the Payakhskoye and Ichemminskoye fields, and oil is being transported by road to the Suzunskoye and Lodochnoye fields.

The construction of the Vankor-Payakha-Bukhta Sever main oil pipeline continues. As of the end of the first half of 2025, 118 thousand piles have been installed, 608 km of the pipeline have been laid at the design marks. Work on laying the backup line of the oil pipeline crossing the Yenisei River has been completed, and backfilling of the trench in the channel part is underway.

The construction of two cargo berths and a berth for the port fleet at the Port Sever Bay terminal is in the final stage of readiness. The construction of the first oil loading berth is ongoing, and work has begun on the construction of the second. The construction of the Port Sever Bay oil acceptance point and the Suzun oil pumping station is underway, and work has begun on the construction of the Payakha oil pumping station. The construction of logistics infrastructure, hydraulic structures, coastal protection, and expansion of coastal and berthing infrastructure continues.

Recycling

The volume of oil refining in the first half of 2025 amounted to 38.7 million tons. The decrease in refining volumes is due to the need for repair and restoration work, as well as the optimization of refinery loading taking into account the price environment, logistics constraints and demand. The depth of oil refining increased to 77.6%, the yield of light oil products – to 60.3%.

Rosneft is continuously working to maintain a high level of reliability of its oil refining assets. In particular, the Company provides the process units of its refineries with its own catalysts required for the production of high-quality motor fuel. In the first half of 2025, 1.3 thousand tons of catalysts for hydrotreating diesel fuel and gasoline fractions, as well as protective layer catalysts, were produced. Rosneft enterprises also produced 40 tons of gasoline reforming catalysts and 176 tons of catalysts for the production of hydrogen, petrochemicals and adsorbents. 720 tons of coked catalysts for hydrotreating diesel fuel were regenerated.

The company is a key supplier of high-quality motor fuels for Russian consumers. In the first half of 2025, 20.0 million tons of petroleum products were supplied to the domestic market, including 6.4 million tons of gasoline and 7.8 million tons of diesel fuel.

Rosneft continues to actively participate in trading on the St. Petersburg International Mercantile Exchange. In the reporting period, 4.7 million tons of gasoline and diesel fuel were sold on the exchange, which is 1.8 times higher than the standard.

Financial indicators

Against the backdrop of falling oil prices and a stronger ruble, the Company's revenue in H1 2025 decreased by 17.6% year-on-year, amounting to RUB 4,263 billion. At the same time, the rate of reduction in costs and expenses was less than that of revenue, including due to the indexation of tariffs of natural monopolies. As a result, EBITDA in H1 2025 decreased to RUB 1,054 billion.

Net profit attributable to Rosneft shareholders in H1 2025 amounted to RUB 245 billion. The prohibitive level of the key rate of the Central Bank of the Russian Federation continues to have a significant negative impact on the size of the indicator. In addition, non-monetary and one-time factors negatively affected the dynamics of the indicator in the reporting period.

The Company's capital expenditures in H1 2025 amounted to RUB 769 billion. The dynamics of the indicator are due to the planned implementation of the investment program, primarily at the assets of the Exploration and Production segment. Free cash flow for the reporting period amounted to RUB 173 billion.

The Net Debt/EBITDA ratio at the end of H1 2025 was 1.6x, which continues to remain at a level significantly below the minimum covenant value in accordance with the loan agreements.

ESG

During the reporting period, the Company continued to implement measures to achieve sustainable development goals within the framework of the Rosneft-2030 strategy.

Rosneft uses the latest technologies and the most modern production methods to create a safe working environment and minimize the risk of industrial injuries and occupational diseases. In H1 2025, the lost working days indicator (LWIS) decreased by 40%.

As a result of accident prevention measures in the first half of 2025, the number of incidents related to process safety at the Company's enterprises decreased. In particular, the frequency of incidents related to equipment depressurization with severe consequences of the first level (PSER-1) decreased by 52% compared to the first half of 2024, and the second level (PSER-2) – by 22%.

During the reporting period, there were no cases of gas, oil or water leaks (release of oil, gas or water to the surface) during well drilling at the Company's facilities. As part of the work to minimize oil and oil product spills, measures were taken to replace field pipelines.

Rosneft enterprises maintain high standards of environmental safety in the field of water resources management in all regions of presence. Biological treatment facilities (BTF) of the Ufa group of oil refineries play an important role in the Company's work on water resource optimization. During January-June, BTF processed 11.7 million cubic meters of wastewater, and in total, over 169 million cubic meters of wastewater have already been purified in 7 years of operation. A unique environmental project for wastewater treatment using water hyacinth plants is being successfully implemented at the enterprises of the Samara group of the Company.

In addition, Rosneft scientists have developed an innovative technology for detecting oil spills, which will significantly increase the effectiveness of environmental protection measures in the oil complex. The new technology allows for high-precision differentiation between natural water bodies and oil spills.

The Company's leadership in sustainable development receives independent external confirmation. In June 2025, Rosneft entered the Climate Sustainability Index of Non-Financial Companies calculated by the Moscow Exchange. The index includes shares of companies that are leaders in the sustainable development agenda with a well-established climate management system.

1 Includes sales revenue and income from associates and joint ventures.

Department of Information and AdvertisingPJSC NK RosneftAugust 30, 2025

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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/SCO Summit in Tianjin/ Digital agriculture opens new prospects for cooperation between China and Tajikistan

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

XI'AN, Aug. 30 (Xinhua) — With the assistance of Yan Fengxin, associate professor of the Department of Mechanical and Electrical Engineering at Northwest Agriculture and Forestry University, a company in east China's Shandong Province has recently launched the production of electric tricycles for agricultural use in Khujand, Tajikistan, and introduced the products to the local market.

The company's factory is located in the China-Tajikistan Agricultural Digitalization Science and Technology Demonstration Park, which was established in Khujand in July 2024. The park also has several related companies involved in battery production and vehicle painting, Yan Fengxin said.

“As a professor specializing in research on intelligent machinery and equipment in agriculture, I think being able to apply my knowledge to the actual production of agricultural machinery is really meaningful,” he said.

In recent years, the above-mentioned university has implemented a number of agricultural cooperation programs in the countries participating in the Belt and Road Initiative, including educational exchanges, construction of agricultural technology demonstration parks, scientific and technological cooperation and the implementation of its results.

Even before the establishment of the demonstration park in Tajikistan, the university opened seven similar demonstration parks in Kazakhstan, Uzbekistan, Belarus and other countries.

This park is focused on solving common scientific problems and developing key industrial technologies relevant to modern agriculture in Tajikistan. It was created through the joint efforts of government agencies, universities and agricultural enterprises in Tajikistan, as well as relevant Chinese structures.

The park has three laboratories, namely the laboratories for modeling digital agriculture, the Internet of Things in digital agriculture, and the marketing of agricultural products through cross-border e-commerce channels. In addition, a training center for agricultural processing technologies was established in one of the Tajik companies.

According to Yan Fengxin, the priority task this year is to establish a branch of the demonstration park in Dushanbe based on the Tajik Agrarian University. The activities of this branch will focus on the analysis of the characteristics of materials in mechanical engineering, joint research and development of key technologies of intelligent agricultural machinery, training in industrial application and other areas. This is expected to promote the development of modern intelligent agricultural machinery and equipment in this country.

In the future, Yan Fengxin's team plans to use the experimental base of the demonstration park to promote high-income areas of modern agricultural activity, such as high-yield cultivation of apricot trees, cultivation of mushrooms in greenhouses, and vegetable growing.

Yan Fengxin believes that smart agriculture is a trend, and digital agriculture is a direction for development. In the future, Yan Fengxin intends to continue research in the field of modern agriculture in Tajikistan and promote the modernization of the agro-industrial sector of both countries through higher education channels. -0-

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