Rosneft
From Wikipedia, the free encyclopedia
| Rosneft Oil Company | |
| Type | Public (LSE: ROSN) |
|---|---|
| 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.
Market value of the company on the 29th of December was valued at $83.908 billion [2].
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[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] Management
As of December 2006, the Board of Directors of Rosneft consists of Igor Sechin (Chairman, Deputy Chief of Russia's Presidential Staff), Sergey Bogdanchikov (President of Rosneft) Hans Jorg Rudloff (Chairman of the Committee for Audit, CEO of the Barclays Capital bank), Andrey Kostin (Chairman of the Committee for Staff and Fees Allocation, CEO of Vneshtorgbank), Alexander Nekipelov (Chairman of the Committee for Strategic Planning, Vice-President of the Russian Academy of Sciences), Kirill Androsov (Deputy Minister of Economic Development and Trade of Russia), Sergey Naryshkin (Deputy Chairman, Chief of Staff of Russia's Government), Gleb Nikitin (Deputy Chairman) and Andrey Reus (Deputy Minister of Industry and Energetics of Russia). [4]
As of December 2006, the Management Committee of Rosneft consists of Sergey Bogdanchikov (President), Nikolay Borisenko (First Deputy President), Sergey Kudryashov (another First Deputy President), Anatoly Baranovsky (Deputy President), Stepan Zemlyuk (Deputy President), Sun Ne Kim (Chief Accountant), Peter Lloyd O'Brien, Rizo Tursunov (Deputy President). [5]
[edit] External links
- Rosneft:Initial Public Offering Or Ostracism?
- Rosneft site (Russian)
- Yahoo! - OAO Rosneft Oil Company Company Profile
