Rusneftegaz

Rusneftegaz (Russian: Руснéфтéгаз, tr. Rusnéftégaz, IPA: [rʉsnʲɪftʲɪˈɡas]) is a Russian energy company headquartered in Moscow, specializing in the business of energy generation and the extraction, production, and sale of petroleum and petroleum products. As of 2021, Rusneftegaz controls 1,860 MW of generating capacity and 26 oil fields in northern Russia, producing 5.78 million barrels of oil and 10.2 TWh of electricity in 2019.[4] The name Rusneftegaz is a portmanteau of the Russian words Russkoye neftegaz (Russian: Русское нефтегаз - Russian oil and gas).

Not to be confused with Russneft or Rosneftegaz.
Rusneftegaz
Native name
Руснéфтéгаз
TypePrivate
IndustryEnergy
Founded2005 (2005)
Headquarters
Moscow
,
Russia
Area served
Worldwide
ProductsPetroleum
Petroleum products
Electrical power
Revenue$564 million[1] (2019)
$223 million[1] (2019)
$179 million[1] (2019)
Total assets$1.63 billion[2] (2019)
Total equity$1.55 billion[3] (2019)
Websiterusneftegaz.com

History

Rusneftegaz was founded in 2005 as a holding company for various oil and gas extraction licenses in the Khanty-Mansi Autonomous Okrug and the Komi Republic. The company also took control of three 600 MW coal-fired power stations in Vologda Oblast, supplying electricity to Severstal. As of 2021, Rusneftegaz has proven and probable oil reserves of 100 million barrels.[4]

After a corporate reorganization in 2015, the Russian Minister of Energy Alexander Novak stated that Rusneftegaz was interested in entering the energy market in Algeria, and later also signed an agreement to enter the petroleum production and power generation industries in Iraq.[5] In 2016, Rusneftegaz publicly stated its intention to begin operations in Jordan and Egypt.[6][7]

In 2019, Rusneftegaz acquired the Gorstovy oil field in Tomsk Oblast with the intention of beginning opal mining operations, in addition to beginning crude oil extraction on the site.[8] In September 2019, the company opened an international trading office in New York to begin listing their products on the Intercontinental Exchange.[9][10] Rusneftegaz is currently undertaking research into developing commercially viable hydrogen production using catalytic reformation.[4]

See also

References
  1. 2019 Rusneftegaz Consolidated Financial Statements (PDF). 7 April 2020. p. 7.
  2. 2019 Rusneftegaz Consolidated Financial Statements (PDF). 7 April 2020. p. 8.
  3. 2019 Rusneftegaz Consolidated Financial Statements (PDF). 7 April 2020. p. 9.
  4. "Production". www.rusneftegaz.com. Retrieved 11 January 2021.
  5. "А.Новак: Газпром нефть, ЛУКОЙЛ и Башнефть хотят выйти на рынок Алжира". neftegaz.ru (in Russian). Retrieved 31 July 2015.
  6. ""Руснефтегаз" заинтересован в развитии взаимодействия с иорданскими партерами". nangs.org (in Russian). Retrieved 28 March 2016.
  7. ""Газпром" договорился о поставках газа в Египет". dp.ru (in Russian). Retrieved 26 August 2015.
  8. "Руснефтегаз планирует добывать в Томской области опалы и нефть". Interfax-russia.ru (in Russian). Retrieved 13 March 2019.
  9. "Rusneftegaz LLC". bloomberg.com. Retrieved 16 December 2019.
  10. "Открытие Первого Международного Офиса". ru.rusneftegaz.com (in Russian). Retrieved 30 September 2019.
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