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Russneft

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Russneft
Company typePrivate
MCXRNFT
Industryrefining
Founded2002
FounderMikhail Gutseriyev
HeadquartersMoscow, Russia
Key people
Mikhail Gutseriyev (major shareholder)
Vladislav Soloviov (CEO)
Revenue$3.66 billion[1] (2021)
$787 million[1] (2021)
$444 million[1] (2021)
Total assets$3.9 billion[1] (2021)
Total equity$1.05 billion[1] (2021)
Number of employees
20,000
Websitehttp://www.russneft.ru/eng/

Russneft is a Russian oil company and one of the largest producers of oil products in the country.[2]

The company operates two refineries - one in Orsk and in Krasnodar. Combined they had a capacity of 217,000 barrels per day (34,500 m3/d), as well as 100 petrol stations. Russneft is also an oil producer, producing around 14 million tonnes of crude oil in 2008, with recoverable reserves of 1.1 billion barrels (170×10^6 m3) of oil and 978 billion cubic feet (27.7×10^9 m3) of natural gas.[3] It also owns an oil terminal with a transit capacity of 7 million tonnes per year.

In addition, Russneft holds a controlling stake in Slavneft, which owns the Mozyr Refinery in Belarus with a capacity of 95,000 bbl/d (15,100 m3/d), and the YaNOS Yaroslavl Refinery with a capacity of 132,000 bbl/d (21,000 m3/d).[4]

In May 2010, the company's major shareholder Mikhail Gutseriyev announced that Russneft and Bashneft will merge in two or three years.[5]

In November 2016, Russneft raised US$502 million in an IPO on the Moscow Stock Exchange, selling 20% of its ordinary shares.[6]

See also

References

  1. ^ a b c d e https://russneft.ru/upload/uf/960/oobmhwlfzcj6i2v9lbihl12b8r8y5azh.pdf. {{cite web}}: Missing or empty |title= (help)
  2. ^ "History". eng.russneft.ru. Archived from the original on 2009-02-20. Retrieved 2009-09-08.
  3. ^ "Geology and Resources". eng.russneft.ru. Archived from the original on 2009-07-19. Retrieved 2009-09-08.
  4. ^ "Refining". eng.russneft.ru. Archived from the original on 2008-03-27. Retrieved 2009-09-08.
  5. ^ "'Russneft and Bashneft to merge'". Upstream Online. NHST Media Group. 2010-05-19. Retrieved 2010-06-14.
  6. ^ "Subscribe to read". Financial Times. Retrieved 2019-07-27. {{cite web}}: Cite uses generic title (help)