Report summaryRosneft has endured a bumpy ride over the past few years. The introduction of US/EU sanctions in late 2014 and the coincidental oil price collapse forced the company to adopt an increasingly defensive strategy. The focus has shifted from emergent domestic resource themes – Arctic exploration, tight oil, LNG – to its vast, low-cost, mature asset base in West Siberia. But the strategy is working: Rosneft has been strong through the downturn – increasing investment, holding production and paying down debt – and is well placed to handle a lower-for-longer price scenario.
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- Rosneft corporate report PDF - 774.19 KB 20 Pages, 6 Tables, 21 Figures