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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Public Joint Stock Company Rosneft Oil Company    ROSN

PUBLIC JOINT STOCK COMPANY ROSNEFT OIL COMPANY

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Rosneft Oil : Ryazan Oil Refining Company Introduces Unified Information System for Product Quality Control

11/23/2020 | 06:17am EST

Ryazan Oil Refining Company, a subsidiary of Rosneft Oil Company, increased the enterprise's safety level by introducing a unified information system for product quality control. A further step in digitalisation of production has allowed the enterprise to raise the effectiveness of quality control for finished products and components necessary to produce Euro-6 and Pulsar-100 gasolines.

Continuous product quality control and increase of its effectiveness are implemented at Ryazan Oil Refining Company as part of the Rosneft-2022 strategy. New technology solutions implemented based on a unified laboratory complex will allow optimisation of product quality control. Automation of quality control will reduce the time of decision-making and increase the steadiness of finished product output.

In 2020, Ryazan Oil Refining Company's testing laboratory successfully passed the test for compliance with the accreditation requirements and All-Union State standard ISO/IEC 17025 and confirmed its technical competence. The high quality of Ryazan Oil Refining Company's marketable products is confirmed every year by customers' preferences and victories in the '100 Best Products of Russia' contest.

The laboratory's repertoire includes more than 250 methods of analysis and a number of tools that allow accurate assessment of produced commodity and petroleum products output. A new centre for laboratory research at Ryazan Oil Refining Company is included in the unified register of accredited laboratories of the country, that confirms the accuracy of test results in the entire territory of the Russian Federation. Around 1,500 tests of the quality level of commodities, components, and finished products are performed daily. In the past year the research complex has performed more than 500,000 tests.

Ryazan Oil Refining Company's unified testing laboratory is designed with the best global practices for building advanced analytic laboratories in mind. Those include the principle of workspace organisation based on the type of physical-chemical test methods and laboratory equipment that allows improving the use of the equipment and increasing workforce productivity.

The research centre unified previously isolated laboratories which led to the optimisation of work and reduction of time needed for running tests. The novel laboratory is equipped with an intelligent ventilation system and advanced utility systems that automatically support temperature, humidity, and air exchange required for optimal performance of high-tech equipment in facilities. The unified laboratory building construction budget amounted to about 1 billion rubles.

Note for Editors:

Ryazan Oil Refining Company is the largest refining asset of Rosneft Oil Company. The plant is one of four leading Russian refineries by refining capacity and products portfolio. Refining capacity is more than 17 million tonnes of oil per year.

The refinery produces high-quality gasoline motor fuels, diesel, jet fuel, heating fuel oil, road asphalt and construction bitumen, liquefied petroleum gases, and other petroleum products.

Rosneft
Information Division
November 16, 2020

Disclaimer

OJSC Oil Company Rosneft published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 11:16:02 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 78 125 M - -
Net income 2020 -5,08 M - -
Net Debt 2020 54 824 M - -
P/E ratio 2020 -103x
Yield 2020 0,66%
Capitalization 65 966 M 65 966 M -
EV / Sales 2020 1,55x
EV / Sales 2021 1,27x
Nbr of Employees 335 000
Free-Float 11,2%
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 6,89 $
Last Close Price 6,94 $
Spread / Highest target 16,6%
Spread / Average Target -0,73%
Spread / Lowest Target -35,2%
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Managers and Directors
NameTitle
Igor Ivanovich Sechin Deputy Chairman, President & CEO
Gerhard Schroeder Chairman
Petr Ivanovich Lazarev Finance Director
Artur Matthias Warnig Deputy Chairman
Robert W. Dudley Non-Executive Director
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