Investor Presentaiton
15
NAVIGATING OPEC+ ENVIRONMENT
Rosneft liquids production
Russian crude oil production cuts under
the OPEC+ AgreementĀ¹
5,000
kbpd
4,000
3,000
'Low-margin' assets production
0,3%
-1,000
2%
4%
~1%
-2,000
0
2,000
-3,000
Q1'20
Q2 '20
Q3 '20 Q4'20
Q1'21 Q2 '21 Q3 '21 Q4'21
kbpd
2020
Feb
2021
+500
+255 +245
+500
ROSNEFT
In Q4 2021, liquids production increased by 0.3% or by
1%, excluding the assets disposed of in Q3 2021, amid
easing restrictions under the OPEC+ Agreement
Note: (1) Vs the base oil production level of 11 mmbpd
Oil companies' production cuts on a pro rata basis
In January 2022, the production recovery for Russia was
set at +100 kbpd. The Company is in full compliance with
the quotas provided by the GovernmentView entire presentation