Category: Energy

Translation. Region: Russian Federation –

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

The dollar's position as a means of payment is weakened by its use as a sanctions weapon, noted Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"The dollar's position is weakening not only as a means of payment but also as a global reserve currency. This is being facilitated by the dollar's use as a sanctions weapon," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

According to him, the conditions are being created for the use of alternative instruments, such as gold, the price of which typically rises ahead of global crises. "It is gold that is currently replacing US Treasury bonds, which are gradually losing their 'safe haven' status," Igor Sechin concluded.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

In recent years, trade settlements between Russia and China have been almost entirely converted to national currencies, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"In recent years, settlements between Russia and China have been almost entirely converted to national currencies, and the share of the dollar and euro has shrunk to the level of statistical error," he noted at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.

According to him, since 2010, the yuan's share of China's foreign trade has grown from 2% to 52%, while the dollar's share has fallen almost by half – from 83% to 43%.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

Timely decisions to create a modern hydrocarbon supply infrastructure have become an important factor in ensuring energy security for Russia and China, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"In this audience, I would like to extend a warm greeting to the then co-chair of the Russia-China Energy Dialogue, the legendary Chinese leader Wang Qishan, who was recognized by the Russian people as a great friend of Russia and who pioneered the creation of the ESPO pipeline system, which has become a guaranteed route for our supplies. His personal contribution gave a powerful impetus to our partnership in nuclear energy, gas and coal supplies, and electricity flows," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

The head of Rosneft explained that last year, Russia provided almost 19% of China's energy imports, worth a total of approximately $100 billion.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

The dynamics of trade turnover between Russia and China in recent years clearly demonstrate the special status of our relations, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"The dynamics of trade between Russia and China in recent years clearly demonstrate the special status of our relations. Over the past twenty-five years, economic cooperation between Russia and China has reached an unprecedented level. Two years ago, the goal of increasing bilateral trade to $200 billion was exceeded by 20%. Last year, mutual trade volume reached a record $245 billion," Sechin emphasized, speaking at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

"China, as Russia's strategic ally, ranks first among our country's foreign trade partners," he noted, adding that Russia ranks fourth in bilateral trade with China.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

The 7th Russian-Chinese Energy Business Forum (RCEBF) opened in Beijing, the capital of the People's Republic of China, on Tuesday.

Around 450 people participate in the RCEBF events, including politicians, representatives of over 100 of the largest Russian and Chinese companies from various industries, scientists, academics, experts, and analysts.

Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Environmental Safety, Chief Executive Officer of Rosneft Oil Company, Ding Xuexiang, Vice Premier of the State Council and member of the Standing Committee of the Central Committee of the Communist Party of China, Alexander Novak, Deputy Prime Minister of the Russian Federation, and Dai Houliang, Chairman of the Board of Directors of CNPC, delivered reports at the opening ceremony of the RCEBF.

Also participating in the opening ceremony on the Russian side were Russian Energy Minister Sergey Tsivilev, Chairman of the Management Board of VTB Bank Andrey Kostin, Chairman of VEB.RF Igor Shuvalov, Chairman of the Management Board of Gazprom Neft Alexander Dyukov, CEO of Tatneft PJSC Nail Maganov, Chairman of the Management Board of Inter RAO Sergey Dregval, CEO of Rosseti PJSC Andrey Ryumin, and CEO of RusHydro PJSC Viktor Khmarin. The opening ceremony was also attended by the heads of other Russian companies, including Gazprom, Novatek, Transneft, Rosatom, Zarubezhneft, Gazprombank, SUEK, Kuzbassrazrezugol, TMK, Alfa-Bank, the Petersburg Exchange, and others.

Igor Sechin read a greeting from the President of the Russian Federation to the participants of the RCEBF. According to Vladimir Putin, the bilateral relations of comprehensive partnership and strategic interaction between the Russian Federation and the People's Republic of China continue to develop, and energy is one of the most important areas of practical cooperation.

"We are implementing truly large-scale joint projects in the fuel and energy sector, which are of great importance for the economic and technological development of our countries. Russia ranks first in oil and natural gas supplies to China and is increasing its coal exports. Russian and Chinese specialists are successfully collaborating on the construction of nuclear power plants and the development of clean energy sources, and are working together to improve energy production and processing technologies," Vladimir Putin noted.

The Russian President wished the forum participants fruitful work, expressing confidence in the effectiveness of direct energy dialogue between the two countries' leading companies.

Ding Xuexiang read a message from the President of the People's Republic of China. In it, Xi Jinping sincerely congratulated the forum participants on its opening and noted the key role of the energy sector in developing cooperation between Russia and China.

"I hope that the forum will host discussions that will strengthen energy cooperation for the benefit of both countries and peoples," the Chinese President noted in his message.

During his speech, Igor Sechin expressed deep gratitude to the leaders of Russia and China for their support and ongoing personal attention to the development of bilateral energy cooperation. He also thanked his Chinese friends and personally Vice Premier Ding Xuexiang for the warm welcome extended to the Russian delegation in Beijing.

Sechin noted that companies participating in the RCEBF this year account for up to 40% of trade turnover between Russia and China. Moreover, energy accounts for approximately 70% of Russian exports to China.

"Our forum today is of particular significance for Russian-Chinese relations: this year, Russia and China are jointly commemorating the 80th anniversary of Victory in the Great Patriotic War and the surrender of Japan, which ended World War II. Large-scale celebrations were held in Moscow on May 9 and Beijing on September 3, with the participation of the leaders of our two countries, and these celebrations resonated widely internationally," Sechin recalled.

Igor Sechin also quoted the Russian President, who said in August of this year: “The memory of the joint struggle of the Soviet and Chinese peoples against German Nazism and Japanese militarism is an enduring value for us.”

The Russia-China Energy Business Forum has been held annually since 2018 in accordance with agreements reached between Russian President Vladimir Putin and Chinese President Xi Jinping. The event is held under the auspices of the Presidential Commission for Fuel and Energy Sector Development Strategy and Environmental Safety and the National Energy Administration of China. Rosneft and CNPC are co-organizers of the RECBF.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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

The 20th Interregional Scientific and Technical Conference (ISTC) of Rosneft Oil Company began its work in Moscow.

More than 600 people are participating in the anniversary conference, including young professionals from 77 of the Company's subsidiaries—winners of the 2025 regional and cluster conferences—as well as students from Rosneft's partner universities: Gubkin Russian State University of Oil and Gas, Lomonosov Moscow State University, Tyumen Industrial University, Ufa Petroleum Technical University, and the Catherine II Empress St. Petersburg Mining University.

The Gubkin Russian State University of Oil and Gas hosts 20 specialized sections of the International Scientific and Technical Complex, covering all of Rosneft's core business processes. 320 projects by young specialists have reached the competition finals and will be evaluated by a panel of experts, comprised of executives and experts from the Company's central office.

The conference provides an opportunity to identify projects that will enhance business efficiency and recognize young professionals with high potential for inclusion in the Company's talent pool. All conference winners and runners-up, as well as their scientific advisors, will receive commemorative awards and cash bonuses.

This year, the International Scientific and Technical Conference (ISTC) organized its first international student section on "Oil and Gas Field Development." Students from Russian State University of Oil and Gas (RSU) and friendly countries, who are studying with financial support from the Company, are invited to participate.

The conference also included a formal awards ceremony for 93 winners and runners-up. XX Corporate Review-Competition "Best in Profession"They participated in a training program to develop soft skills, such as teamwork, effective communication, and mentoring. The competition helps enhance the prestige of blue-collar jobs, improve production culture, and enhance industrial safety.

Rosneft holds annual scientific and technical conferences to develop the professional competencies of young specialists, increase their motivation and engagement in innovative research activities, and encourage talented youth.

The projects presented at the International Scientific and Technical Conference (ISTC) are of significant practical importance for the Company's production and business operations. In 2025, Rosneft implemented 31 projects selected at the ITC last year. Their expected economic impact exceeds 780 million rubles. Another 21 projects are planned for implementation at the Company's facilities in 2026-2027.

Over the past 20 years, young specialists have presented 4,310 projects at the final stages of the International Scientific and Technical Conference (ISTC), 1,221 of which have received recommendations for implementation, with an economic impact of 5.6 billion rubles.

Reference:

The scientific and technical conference is an effective way to engage with young Rosneft specialists and assess their potential. The conferences are held in three stages:

Stage 1 – Regional scientific and technical conferences (RSTC) in the Company’s subsidiaries.

Stage 2 – Regional scientific and technical conferences (RSTC).

Stage 3 – final Interregional Scientific and Technical Conference (ISTC) in Moscow.

Department of Information and Advertising of PJSC NK RosneftNovember 24, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

Rosneft's Ufa and Tyumen research institutes held a large-scale cyberfestival, bringing together over 1,200 participants from 72 of the Company's enterprises across the country. This is an all-time record for the tournament's six-year history.

Over four weekend days, participants competed in 10 online games, including chess, sea battle, and Russian checkers.

The best results were shown by representatives of RN-Uvatneftegaz (chess), Bashneft-Dobycha (checkers) and Sibintek (battleship).

For the first time, the cyberfestival featured football simulation games. Employees of the Samara scientific institute emerged as the leaders among 60 participants in two sub-tournaments.

Conducting online competitions helps employees develop productive teamwork skills and improve their ability to make prompt decisions in non-standard situations.

Rosneft promotes a healthy lifestyle and fully supports sports. The corporate "Energy of Life" program unites over 111,000 employees. Over 60,000 employees participate in competitions in various sports.

Department of Information and Advertising of PJSC NK RosneftNovember 21, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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

With the support of RN-Yuganskneftegaz (part of Rosneft), the Dolphin Aquatic Center in Pyt-Yakh was reconstructed. The project was implemented under a Cooperation Agreement between Rosneft Oil Company and the Government of the Khanty-Mansi Autonomous Okrug – Yugra.

The company funded the installation of modern filtration systems and utility lines for the pool, and renovated showers and changing rooms. New cardio and strength training equipment has expanded the center's workout options, and a renovated recreation area with comfortable furniture will become a hub for leisure activities.

The aquatic center is equipped with dynamic decorative lighting that can change colors depending on the program.

The modern engineering solutions applied will enhance the reliability of year-round operation of this significant city sports facility in the northern climate and improve visitor comfort.

Supporting mass and professional sports, as well as healthy lifestyles, is one of Rosneft's key social work priorities. In the regions where it operates, the Company builds multifunctional sports complexes and venues, ice arenas, and hosts mass sports events in various disciplines for children and adults.

As part of the Cooperation Agreement between Rosneft Oil Company and the Government of the Khanty-Mansi Autonomous Okrug-Yugra, this year, the oil workers' funds were used to finance repairs and purchase equipment, uniforms, and gear for the Pyt-Yakh "Olimp" Sports School, as well as to renovate the sports ground. Video surveillance systems were purchased and installed at several playgrounds.

Reference:

RN-Yuganskneftegaz develops fields in licensed areas covering a total area of over 21,000 square kilometers in the Khanty-Mansi Autonomous Okrug – Yugra. Cumulative oil production since the start of operations exceeds 2.7 billion tons.

Department of Information and Advertising of PJSC NK RosneftNovember 20, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

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

Rosneft's Ufa Research Institute held a Student Hackathon, bringing together over 340 participants from 45 Russian cities. The competition was held online as part of the Company's IT Marathon.

The teams had 48 hours to develop a computer vision model that could automatically highlight areas on a map with different oil well placement patterns. The challenge was to find a solution that would allow for the most accurate contouring of the desired segments. Knowledge of the Python programming language was required to complete the task correctly.

The authors of the top 10 solutions presented their projects to the hackathon jury. The prizes were awarded as follows:

1st place and 200,000 rubles went to the RebootingMSU team (Moscow State University, Moscow); 2nd place and 150,000 rubles went to the Lando team (Central University, Moscow); 3rd place and 100,000 rubles went to the ITMOOOOONSTERKILL team (ITMO, Moscow).

The victory in the special nomination and 50,000 rubles were awarded to the Skaldfire team (Moscow, Moscow Technical University of Communications and Informatics).

The hackathon participants' best ideas will be incorporated into an updated version of the RN-KIN software, which contains information on most of the Company's fields. Implementation of the new model will enable the achievement of maximum oil recovery rates during the development of new deposits.

In 2025, the Rosneft IT Marathon will include four competitions: the Student Hackathon, the Academic Tournament, the Geosteering League, the Additive Technologies and Reverse Engineering Cup, and information modeling competitions for the Company's employees. The winners and runners-up of all IT competitions will meet in December at the finals in Moscow.

Department of Information and Advertising of PJSC NK RosneftNovember 20, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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

Orenburgneft (part of the Rosneft oil production complex) discovered two new oil fields: Molodezhnoye within the Skvortsovsky subsoil area and Yuzhno-Veselovskoye within the Yasnogorsk area.

Exploration and appraisal drilling at the Yasnogorsk and Skvortsovsky license areas was carried out based on 3D seismic survey results. Seismic data were processed and interpreted using modern digital systems, improving the information content and reliability of the resulting maps. Commercial oil flows were obtained from exploration wells at both discovered fields.

Based on the processing of 3D seismic data and comprehensive interpretation, targets within the Yasnogorsk and Skvortsovsky blocks have been prepared for further exploration drilling. Their resource potential will contribute to the company's stable oil production in the future.

Improving the efficiency of reserve replenishment and their consistent development is a key element of Rosneft's strategy. To expand its resource base and ensure sustainable production in the medium and long term, Orenburgneft is successfully implementing a geological exploration program.

Reference:

Orenburgneft is Rosneft's key production asset in the Volga Federal District. The company accounts for almost half of all oil production in the Orenburg Region.

The company's cumulative production amounts to more than 470 million tons of oil.

Department of Information and Advertising of PJSC NK RosneftNovember 19, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.