Resurgent Rosneft has crucial role in Russia’s growth strategy

Rosneft exhibits at a Moscow trade fair (photo: dpa)
Rosneft exhibits at a Moscow trade fair (photo: dpa)

Russia must ensure that its enterprise sector can face competitors on world markets if it is to integrate into the global economy - it cannot rely simply on producing oil and gas. But its diversification plans have made little progress and for now, energy looks set to continue to hold the key to its economic future, with Rosneft, the world’s largest publicly traded oil company, at the fore.

A NEW star is rising in the global energy game. On March 21, 2013, at 1553 Moscow time, state-owned energy giant Rosneft completed the takeover of 100 per cent of TNK-BP, Russia’s third largest oil company.

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It was the largest global mergers and ...

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