A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 180 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 81 countries worldwide, and 186 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.

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Igor Sechin

Igor Sechin

Chief Executive Officer, Chairman of the Management Board, Deputy Chairman of the Board of Directors, PJSC Rosneft Oil Company
Quotes
06.06.2019
SPIEF 2019
Opening Ceremony of the Second Russian-Chinese Energy Business Forum
Our projects for the development of new oil production centres in Eastern Siberia, the Arctic, and the Far East make it possible to hedge risks associated with insufficient investment in the development of conventional oil reserves
06.06.2019
SPIEF 2019
Opening Ceremony of the Second Russian-Chinese Energy Business Forum
One particular aspect of the second forum will be close interaction between government agencies and business. An important objective of the forum is to develop uniform and transparent business rules con-cerning customs, tax, and banking regulation. They should help to im-plement mutually beneficial projects as quickly as possible
06.06.2019
SPIEF 2019
Opening Ceremony of the Second Russian-Chinese Energy Business Forum
Russian-Chinese cooperation is becoming a powerful factor in the development of global energy markets. In total, our countries produce more than 30% of energy resources and consume about a third of them. Russia and China account for 17% of global oil and gas condensate production and 20% of global consumption. Energy is the foundation for trade and economic cooperation between Russia and China. Energy products make up about 40% of trade, which amounted to USD 108 billion at the end of last year
06.06.2019
SPIEF 2019
Energy Panel
The entry into new regions will be supported by the non-stop technological overhaul of the Russian oil industry
06.06.2019
SPIEF 2019
Energy Panel
The resource potential of the Russian Arctic for possible Rosneft projects exceeds 20 billion tonnes of oil
06.06.2019
SPIEF 2019
Energy Panel
The Russian oil industry’s most important competitive weapon is not only its current production costs, [but also] the world’s best portfolio of promising new projects. The launch of new projects will increase
06.06.2019
SPIEF 2019
Energy Panel
Let’s make the market great again
06.06.2019
SPIEF 2019
Energy Panel
In recent years, the United States has taken unprecedented measures to support the industry by reducing the tax burden and regulatory impact. In particular, the profit tax has been slashed from 35% to 21%. In Saudi Arabia, the profit tax rate has decreased from 85% to 50%. The Chinese authorities have also begun developing methods to stimulate the economy through targeted subsidies and tax cuts. Russian regulators are finding a balance between the goal of padding the budget and stimulating economic growth while at the same time finding a solution to social problems through the market
06.06.2019
SPIEF 2019
Energy Panel
Tech leaders, most of whom have American roots such as Google and Apple, are infiltrating the oil and gas industry. Moreover, these investments are being made at an unprecedented speed and on a global scale
06.06.2019
SPIEF 2019
Energy Panel
The United States is increasing oil exports at an extremely fast pace. Compared with 2015, they have grown sixfold and already reached 2.7 million barrels per day, which is comparable to the production of such countries as Brazil, Kuwait, and the United Arab Emirates. The geography of supplies is expanding
06.06.2019
SPIEF 2019
Energy Panel
This year, oil production in the state of Texas has already reached 5 million barrels per day, which is more than the total production of Iran, Venezuela, and Libya. This result was achieved not so much due to the implementation of the shale project as it was to the imposition of new sanctions, which resulted in a sharp decline in production in Iran and Venezuela
06.06.2019
SPIEF 2019
Energy Panel
Energy has become the first hostage of the one-sided political agenda, and there are signs that this ‘disease’ is spreading to other industries. Today we are seeing changes in geopolitics have a greater impact on energy markets. The main troublemaker is the policy of the current administration of the United States. We see that its actions aim to reformat the global political and economic space, smash the market ties that have formed over decades, and eliminate the rules of competition. The United States seeks to slow down the quantitative and qualitative growth of its main competitors. Examples of this include continuous expansion in the range of sanctions and blocking opportunities for competing companies in other countries
06.06.2019
SPIEF 2019
Energy Panel
Demand for energy will grow at a rate of 1.5–2% per year until 2040. There will be changes in the structure of demand due to the introduction of energy conservation technologies and commitments to reduce emissions, but overall the dynamics are quite positive and are dictated by continued GDP growth and higher living standards in the coming decades. Gas demand will grow by 2% per year. Demand for oil will grow steadily at around 1% per year. Its role as the foundation of modern energy will remain central
06.06.2019
SPIEF 2019
Opening Ceremony of the Second Russian-Chinese Energy Business Forum
Russian-Chinese cooperation is developing amidst a new flare-up in trade wars. The main reason for trade wars is the weakness of other partners and their attempt to gain a unilateral advantage by diminishing competition
25.05.2018
SPIEF 2018
Energy panel
We make substantial investments in the associated and natural gas utilization and flares liquidation. In our company alone, the investments have reached USD 2 billion for the last 5 years, which is comparable with the green energy efforts from the largest companies of the sector. As a result, we consistently reduce the amount of greenhouse gas emissions
25.05.2018
SPIEF 2018
Energy panel
We’re witnessing a total absence of responsible regulation that our industry needs so badly. Again and again, regulatory decisions are taken against the logic of the industry development and in contradiction with the interests of market players. These decisions are too hasty and too global, while also falling out of the existing production and logistics chains. A vivid example is a new initiative of the International Maritime Organization related to restrictions on the use of petroleum coke
25.05.2018
SPIEF 2018
Energy panel
The prospects for the development of electric vehicles and relevant expectations of reduced demand for oil remain one of the constantly mentioned factors affecting the oil market. At the same time, many regulatory initiatives including subsidies for production of zero emission vehicles continue to deform the economy of automobile industry
25.05.2018
SPIEF 2018
Energy panel
Policy of sanctions and ultimatums in relation to hydrocarbon markets cannot but lead to a permanent sanctions bonus to the price. I don't rule out that quite soon we'll be able to talk about the sanctioned commodity ‘super cycle’ and shortly we'll see new price records. The new level of price will be ultimately paid for by American and European consumers
25.05.2018
SPIEF 2018
Energy panel
If the preliminary framework agreement between the USA and People’s Republic of China is going to be implemented despite the recent comments by Mr. Trump, it can double energy supply from the USA to PRC in the coming 3-5 years, according to the estimates. These agreements result in direct losses for other countries, some of them being simultaneously sanctioned by the US administration
25.05.2018
SPIEF 2018
Energy panel
The decision of the USA to leave the multilateral nuclear agreement with Iran on 8 May puts 5% of world production and about 10% of world proved oil reserves at the risk of sanctions. The total volume of hydrocarbons unilaterally limited for development is about one third of the world oil reserves. This is a unique negative record of sorts. Nothing like that ever happened in the history of the global market
25.05.2018
SPIEF 2018
Energy panel
Using sanctions to gain competitive advantage in productive economic industries is becoming common practice. At the same time, such actions in the opinion of their irresponsible initiators do not need any arguments to be justified. The US has consistently pursued a policy of non-acceptance of treaties that would allow challenging their actions on the international platforms. In fact, judicial defence and fair market arbitration are excluded
25.05.2018
SPIEF 2018
Energy panel
Even in the most challenging scenarios the demand for hydrocarbons by 2040 will be higher than today. We should also keep in mind that in the coming years the retired capacities will have to be replenished with new resources in the volume of 40 million barrels per day by 2040, which will require a stable and considerable inflow of investments into the industry
25.05.2018
SPIEF 2018
Energy panel
Last year due to joint efforts of responsible participants the industry was able to overcome a critical period of political instability that could lead to devastating consequences. <…> The most important factor of achieving balance between demand and supply in the oil market is responsible and skilled behaviour of the majority of producers
25.05.2018
SPIEF 2018
Energy panel
Oil and gas will basically remain the pillar of global energy and economy in the foreseeable future. This conclusion is true not only for large producer countries, but also for consumers <…> According to the International Energy Agency, in 2017 global demand for liquid hydrocarbons increased by 1.6 million barrels per day reaching 8 million barrels per day. About 35% of increment in value accrues to the countries of Asia-Pacific Region. Even Europe <…> demonstrates gain in consumption. Last year it was 360 thousand barrels per day. We see no real threats to the oil market on the part of demand,