Rosneft meeting domestic market demand at stable prices amid refinery constraints - Sechin

MOSCOW. Aug 31 (Interfax) - Rosneft is meeting domestic market demand for fuel while managing constraints related to refining capacity maintenance, the Russian energy company's CEO, Igor Sechin, said.

"Fuel is being supplied at stable prices, contributing significantly to inflation mitigation," the company quoted him as saying.

The company advanced its key investment projects during the reporting period, with Vostok Oil standing out as the top priority, he said.

The company continued a large-scale exploration and pilot development of the Payakha and Ichemminskoye fields as part of the Vostok Oil Project. Development drilling footage exceeded 44,000 meters and 10 development wells were drilled. A well at the Payakha tested natural flow of oil with a daily rate of 130 tonnes per day.

In preparation for the 2026 technical launch, work on laying the trunk oil pipeline was nearing completion as of the end of June. Oil pipeline cleaning, calibration, and pressure testing operations were completed; in-line inspection is currently underway. In late July, the phased filling of the pipeline system with oil commenced.

Construction readiness for the acceptance of vessels was ensured at two cargo berths and a berth for the port fleet at the Sever Bay Port terminal. The construction of the first oil loading berth is at a high readiness posture, while the filling and construction of process structures at the second berth continues. The final stages of construction are in progress at the site facilities to launch external transport system for the Vostok Oil Project.