Rosneft
From Wikipedia, the free encyclopedia
| Rosneft Oil Company | |
| Type | Public |
|---|---|
| Founded | 1993 |
| Headquarters |  Moscow |
| Key people | Igor Sechin, Chairman of the Board of Directors Sergey Bogdanchikov, President |
| Industry | Oil and Gas |
| Products | Natural Gas Petroleum |
| Revenue | ~ US$24 bn (2005) |
| Employees | ~ |
| Slogan | Energy For Growth |
| Website | http://www.rosneft.com/english/ |
OAO Rosneft Oil Company is a Russian integrated oil company. Rosneft conducts oil and gas exploration and production activities on Sakhalin island, in Siberia, in the Timan-Pechora province, and in southern Russia, including Chechnya. It also owns and operates two refineries. Its plant in Tuapse, on the Black Sea, focuses on refining high-gravity oil from western Siberia. Another plant located in Komsomolsk-on-Amur is the easternmost oil refinery in Russia. Rosneft operates shipping companies, pipeline companies and marketing companies.
Although the company is an open joint stock company, according to its website, it seems to be completely owned by the Russian Federation, as represented by the Federal Property Management Agency.
[edit] Current events
In 2004 the company agreed to merge with Gazprom. The merger plans were discarded in May 2005 because Rosneft president Sergey Bogdanchikov did not wish to take a lesser role in the integrated company answering to Gazprom CEO Alexei Miller.
Rosneft's headquarters are located in the Balchug district in the center of Moscow, only a few steps away from the Kremlin, across the Moskva river.
On December 22, 2004, Rosneft bought the Baikal Finance Group, which three days earlier had won a government fire sale of Yuganskneftegaz (Yugansk), the main production subsidiary of the beleaguered oil company Yukos. Yugansk was being sold in lieu of back taxes owed by Yukos.
[edit] External links
- Rosneft:Initial Public Offering Or Ostracism?
- Rosneft site (Russian)
- Rosneft site - English
- Yahoo! - OAO Rosneft Oil Company Company Profile
