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
Rosneft makeover 'on the way'
17 July 2018
Chief executive Igor Sechin has outlined bold reforms for Russia's largest oil company, but will they be put into practice?
Brazil's floating future
5 July 2018
The resignation of Petrobras’ boss comes just as it begins to reap the benefits of his reform programme
Petrobras' incomplete recovery
4 July 2018
Brazil's state oil company has taken major strides forward, but further progress and support from the next government are needed