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| Articles about Rosneft |
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| | RUSSIA: Rosneft Snaps Up Yukos Filling Stations | | 2007-06-27 12:48:00 | | Rosneft has bought about 600 filling stations that belonged to bankrupt oil firm Yukos for 21.2 billion rubles ($819 million), the company said Tuesday. Rosneft said its 100 percent subsidiary Neft-Aktiv bought Unitex, which has 495 filling stations and a number of product terminals in European and southern Russia, for 16.3 billion rubles. Neft-Aktiv also bought more than 100 retail stations from another lot of the Yukos assets for 4.9 billion rubles. Unitex, a little-known company whose owners have not been disclosed, paid 17.5 billion rubles ($676 million) in auctions that included the assets bought by Rosneft. The purchase of the filling stations would help Rosneft become a leader in the retail market in Russia, Rosneft said. "Having added refining capacity lately, and with our desire to expand the downstream business generally, it's clear that it's a very profitable business and will continue to grow, and the margins are attractive," said Peter O'Brien, Rosneft's finance v... | | By: energy BLOG | | |
| | RUSSIA: Rosneft to Spend $1.5Bln on Vankor | | 2007-05-26 07:53:00 | | Rosneft plans to increase spending at its Vankor oil field in eastern Siberia almost fivefold this year to $1.5 billion, Interfax said Thursday, citing the chief engineer of the project, Alexander Nazarenko. The oil company will boost spending to 38 billion rubles ($1.5 billion) from 8 billion rubles last year at the field, which will help fill a pipeline being built across Siberia to the Pacific... | | By: energy BLOG | | |
| | RUSSIA: Rosneft seals takeover of Yukos | | 2007-05-11 15:20:00 | | by Catherine Belton Rosneft snapped up the last production unit belonging to Yukos for a steep discount in a bankruptcy auction on Thursday, sealing the state-run oil major’s takeover of Mikhail Khodorkovsky’s empire, once Russia’s biggest. Rosneft beat the only other bidder to pay $6.43bn for the Samaraneftegaz unit and three refineries in a 10-minute auction.The sole remaining major Yukos... | | By: energy BLOG | | |
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