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July 30, 2015 11:33 AM ET

Oil, Gas and Consumable Fuels

Company Overview of OAO NK RussNeft

Company Overview

OAO NK RussNeft explores, reserves, produces, markets, and transports oil and gas. It supplies its oil to the Russian Federation, and CIS and non-CIS countries. The company was founded in 2002 and is based in Moscow, Russian Federation. It has operations in the Russian Federation and CIS countries.

69, Pyatnitskaya Street

Moscow,  115054


Founded in 2002


7 495 411 6309


7 495 411 6325

Key Executives for OAO NK RussNeft

President and Director
Age: 64
Founder and Chairman
Age: 57
Senior Vice-President of Economics and Finance
Age: 50
Senior Vice-President of Production and Geology
Age: 44
Deputy Head of Corporate Relations Department
Compensation as of Fiscal Year 2015.

OAO NK RussNeft Key Developments

Russneft Announces Board Changes

Russneft announced that as of June 30, 2015, there were just seven board members. Four people lost their seats on the Russneft board: Gutseriev's brother, Sait-Salam Gutseriev; Russneft Vice President for security Yury Dubrovsky; Maxim Kalyuzhny, a member of the board of directors of MZ Arsenal from St. Petersburg. The one new addition to the Russneft board is Glencore representative Yana Tikhonova.

Glencore Eyes Stake In RussNeft

Glencore Plc (LSE:GLEN) is likely to finalize a deal to acquire 46% stake in OAO NK RussNeft over the course of several months. "I think that in the course of several months Glencoremay receive company shares," RussNeft’s founder and Board Chairman Mikhail Gutseriev said.

OAO NK RussNeft, Annual General Meeting, Jun 30, 2015

OAO NK RussNeft, Annual General Meeting, Jun 30, 2015. Agenda: To approve the annual report of the company for 2014; to approve the annual financial statements, including profit and loss statement, for 2014; to consider the distribution of profit and loss of the company for 2014; to elect the Board of Directors; to elect the Audit Commission; to appoint an auditor; to approve interested-party deals which may be closed in the course of the company's day-to-day operations; and to approve interested-party deals.

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