Tuapse Refinery

Tuapse refinery in the Krasnodar region has been part of Rosneft since the Company’s establishment, and is the oldest Rosneft’s refinery (commissioned in 1929). The plant has the most favorable location among Rosneft’s refineries, and is also the only Russian refinery on the Black Sea coast.

The plant’s crude distillation capacity amounts to 4.4 mln tonnes (32.2 mln barrels) per year. The refinery processes crude oil from Western Siberia, which is delivered via the Transneft pipeline system, as well as crude oil produced by Rosneft in Southern Russia and delivered via the Transneft pipeline system and by rail. The plant specializes in the production of motor fuel.

Proximity to Rosneft’s Tuapse oil loading terminal enables the plant to export approximately 90% of petroleum products it produces. The remainder is sold domestically by the Company’s marketing subsidiaries and through Rosneft’s filling station network.

Crude throughput at the Refinery in 2010 was 4.51 mln tonnes (33.0 mln barrels), which is 13.5% less than in 2009. The reduction was due to shut-down of one of the distillation units in the second quarter as part of upgrading work. Capacities were fully loaded in 2010 and petroleum product output was 4.42 mln tonnes. Refining depth in 2010 was 52.9%.