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Rosneft launches virtual payments for fuel at filling stations for companies

The retail chain of Rosneft has pioneered launching fuel payments via a mobile application for corporate clients. The RN-Card app is available for smartphones running iOS and Android, the company informed.

Rosneft is the only company in the Russian fuel market launching this service for its corporate clients. The use of the RN-Card application will allow the company's consumers to stop using plastic fuel cards.

The mobile application with a virtual fuel card is an innovative product based on advanced digital technologies optimizing the cost of fuel and related products.

Rosneft Oil Company (tax number: 7706107510) is the largest oil company and largest tax payer in the Russian Federation. Rosneft's proved SEC compliant reserves exceed 37.7 billion boe. The company's authorized capital is RUB 105.981 million. It consists of 10,598,177,810 common shares with a face value of RUB 0.01. The company's largest shareholders include state-owned company Rosneftegaz (50%+1 share), BP Russian Investments Limited (19.75%), QHG Oil Ventures Pte. Ltd. (a joint venture between Glencore and QIA, 19.5%).

IFRS net profit of Rosneft for 2018 attributable to the company's shareholders increased 2.5 times to RUB 549 billion from RUB 222 billion a year earlier. Sales revenue and income from associates and joint ventures increased by 37% RUB 8.238 trillion from RUB 6.011 trillion, EBITDA by 48.6% to RUB 2.081 trillion from RUB 14 trillion.

In US dollar terms, the company's net profit attributable to the shareholders increased to $8.9 billion from $3.8 billion. Sales revenue and income from associates and joint ventures increased by 25.7% to $133.7 billion from $106.4 billion, EBITDA by 37.9% to $33.1 billion from $24 billion.

Rosneft owns the biggest retail network in Russia comprising about 3,000 filling stations / complexes. Geographically, the company's retail business covers 66 regions in all federal districts of Russia.

"AK&M", 14.03.2019 14:43


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