Rosneft has acquired the country's largest rare — earth metal deposit, Tomtor, in northern Yakutia. The development of this deposit is a key project in Russia's plans to increase production of metals used in the defense industry, as well as in the production of mobile phones and electric vehicles, Reuters reports.

Board of Directors of Rosneft Oil Company recommended that dividends be paid for 2024 in the amount of ₽14.68 per ordinary share. The last day of the purchase of securities to receive dividends is July 17, 2025. Dividend yield may amount to 3.08%.

Rosneft's IFRS net income for 2024 amounted to ₽1.08 trillion, down 14.4% year-on-year due to higher debt financing rates, as well as non-cash factors, including exchange rate revaluation of foreign currency liabilities and the effect of changes in the income tax rate. Revenue grew by 10.7% year-on-year to ₽10.1 trillion.

Gas production at the giant offshore Zohr gas field in Egypt, where Rosneft's share in production is 17.6%, has started to recover. After a noticeable decline in 2023, last year the volume could grow by 12% to 25.5 bcm. Earlier, the Egyptian authorities promised to increase gas production by 2025, and the project operator, Italy's Eni, resumed drilling at th...