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May 24, 2015 6:14 PM 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

Russia

Founded in 2002

Phone:

7 495 411 6309

Fax:

7 495 411 6325

Key Executives for OAO NK RussNeft

President and Director
Age: 63
Founder and Chairman
Age: 56
Senior Vice-President of Economics & Finance and Director
Age: 49
Senior Vice-President of Production and Geology
Age: 43
Vice-President of Corporate Relations and Director
Age: 51
Compensation as of Fiscal Year 2014.

OAO NK RussNeft Key Developments

Russneft In Talks With Neftisa

OAO NK RussNeft merger talks with OJSC NK Neftisa will begin once Glencore receives 495 stake in Russneft.

OJSC Russneft Announces Earnings and Production Results for the Full Year of 2014

OJSC Russneft announced earnings and production results for the full year of 2014. The company increased net losses by 4.7 times to RUB 101.143 billion in 2014. The company's revenue last year fell by 30% to RUB 102.431 billion, of which 94.9% came from the sale of acquired and produced oil, the remaining 4.9% from the sale of gas. The total volume of sold oil in 2014 reached 8.713 million tones against 12.68 million tones a year earlier. Oil sales volumes fell in 2014 by 31% in comparison with 2013. The company in 2014 sold gas and a large part of produced oil (63% of the total volume) only on the domestic market.

Mikhail Gutseriev Becomes Chairman of the Board of Directors of OAO NK RussNeft

Mikhail Gutseriev, the owner and President of OAO NK RussNeft, chaired the Board of Directors of the Company. Oleg Gordeev, previously holding the position of the Senior Vice-president for Commerce, was appointed the President of RussNeft. Mikhail Gutseriev intends to focus on addressing the tactical objectives of combatting the crisis in industry, construction, real estate and banking within the range of interests of BIN Group.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 16, 2015
Saratovneftegaz Open Joint-Stock Company
Merger/Acquisition
December 11, 2014
ZAO Khanty-Mansiyskaya neftyanaya kompaniya
Merger/Acquisition
June 9, 2014
OAO Belkamneft
 

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To contact OAO NK RussNeft, please visit www.russneft.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.

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