Russneft

Not to be confused with Rosneft.
Russneft
Private
Industry refining
Founded 2002
Founder Mikhail Gutseriyev
Headquarters Moscow, Russia
Key people
 Mikhail Gutseriyev (major shareholder)
Vladislav Soloviov (CEO)
Revenue Increase US$5.1 billion
Number of employees
 20,000
Website http://www.russneft.ru/eng/

Russneft is a Russian oil refining company and one of the largest producers of oil products in the country.[1]

The company operated two refinery - 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, having supplied in 2008 around 14 million tonnes of crude oil, 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.[2] 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).[3]

In May 2010, the company's major shareholder Mikhail Gutseriyev announced that Russneft and Bashneft will merge in two or three years.[4]

References

  1. ↑ "History". eng.russneft.ru. Retrieved 2009-09-08.
  2. ↑ "Geology and Resources". eng.russneft.ru. Retrieved 2009-09-08.
  3. ↑ "Refining". eng.russneft.ru. Retrieved 2009-09-08.
  4. ↑ "'Russneft and Bashneft to merge'". Upstream Online. NHST Media Group. 2010-05-19. Retrieved 2010-06-14.

See also

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