Related Articles
Forward article link
Share PDF with colleagues

Russneft polishes up

Moscow's first energy IPO since sanctions puts the company on a solid footing – but may make it a target

Russneft, Russia's seventh-largest oil producer, is expected to consolidate the energy assets of its main shareholder's family following November's $0.5bn initial public offering (IPO). The tidying up of the firm's interests may, however, now put it on Rosneft's radar, the acquisitive state-controlled firm. Russneft, which has a diversified portfolio of assets located in the Volga region, Western and Central Siberia and Azerbaijan, will now seek to consolidate other assets belonging to its main shareholder, Mikhail Gutseriev. Apart from Russneft, billionaire Gutseriev and his affiliates own Neftisa, an oil producer based in the Perm region; GMC Global Energy, a UK-based potash producer, and

Also in this section
Sinopec - putting the house in order
25 January 2017
The Chinese giant is shifting priorities to make the most of weaker crude prices
The puzzling Glencore-Qatari-Rosneft deal
19 January 2017
The sale of a stake in Russia's largest oil producer might not be as significant as many thought
The charge for funding
5 January 2017
Accessing energy sector cash from traditional sources has been difficult while oil and gas companies are cutting capital spending. But projects have been taking off