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Rosneft Oil Company

June 26, 2007

Rosneft subsidiary Neft-Aktiv acquires retail assets in European and Southern Russia

Rosneft announced today that its 100% held indirect subsidiary LLC Neft-Aktiv has agreed with LLC Unitex to purchase oil product retail distribution and related infrastructure assets in European and Southern Russia. According to the agreement Neft-Aktiv has paid RUB 16 324 million to Unitex for entities with a total of 495 retail stations and neighboring product terminals.

Neft-Aktiv has also agreed to pay RUB 4 900 million for Lot 9 of the YUKOS assets, which includes over 100 retail stations in Southern Russia including 100% of Stavropolnefteprodukt and other assets.

The retail and small wholesale oil product marketing entities in European Russia acquired from Unitex include:

  • Belgorodnefteprodukt and Belgorod Terminal
  • Bryansknefteprodukt and Bryansk Terminal M
  • Voronezhnefteprodukt and Voronezh Terminal
  • Lipetsknefteprodukt and Lipetsk Terminal M
  • Orelnefteprodukt and Prioksky Terminal
  • Penzanefteprodukt and Penza Terminal
  • Tambovnefteprodukt and Tambov Terminal
  • Ulyanovsknefteprodukt and Ulyanovsk Terminal
  • Kedr-M, Yu-Tver, NBA-Servis, Kontrakt Oil, Germes-Moskva and MTK (in Moscow, the Moscow Region and the Tver Region)
  • YUKOS-Ladoga (in St. Petersburg) and YUKOS-Petroleum

Lot 9 includes stakes in the following 8 enterprises:

  • 100% of OJSC Stavropolnefteproduct;
  • 51% of LLC Yu-Kuban;
  • 26.26% of OJSC Kuban Generation Company, OJSC Kuban Electricity Distribution Company, OJSC Kuban Transmission Company, and OJSC Kubanenergo;
  • 100% of LLC Val Shatskogo;
  • 49.892% of LLC Caspian Oil Company.

The acquisition of these enterprises will enable Rosneft to become a leader in the growing and attractive oil products retail market in Russia, providing further benefits of vertical integration and improved financial and operating performance.

 

 

 

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