RussNeft 2020 AR2
The report highlights PJSC RussNeft's operational and financial performance during the challenging year of 2020, marked by the COVID-19 pandemic and volatile oil prices. Despite these external pressures, the company maintained its social sustainability and successfully implemented anti-crisis measures, producing 6.4 million tonnes of crude oil and achieving an EBITDA of RUB 27 billion. RussNeft prioritized the development of high-margin reserves, resulting in a 30 million tonne increase in its AB1C1+B2C2 oil reserves. Additionally, the company continued its commitment to environmental protection, occupational health and safety, and community development, maintaining a 95% associated petroleum gas utilization rate and investing in educational and regional social programs.
Company: RussNeft
Sector: Mining & quarrying
Country: Russia
Year: 2020
Type: AR2
Pages: 79
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RussNeft
Annual Report
The report highlights PJSC RussNeft's operational and financial performance during the challenging year of 2020, marked by the COVID-19 pandemic and volatile oil prices. Despite these external pressures, the company maintained its social sustainability and successfully implemented anti-crisis measures, producing 6.4 million tonnes of crude oil and achieving an EBITDA of RUB 27 billion. RussNeft prioritized the development of high-margin reserves, resulting in a 30 million tonne increase in its AB1C1+B2C2 oil reserves. Additionally, the company continued its commitment to environmental protection, occupational health and safety, and community development, maintaining a 95% associated petroleum gas utilization rate and investing in educational and regional social programs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees