Russneft

Russneft is a Russian oil company and one of the largest producers of oil products in the country.[3]

Russneft

Type	Private
Traded as	MCX: RNFT
Industry	refining
Founded	2002
Founder	Mikhail Gutseriyev
Headquarters	Moscow, Russia
Key people	Mikhail Gutseriyev (major shareholder) Vladislav Soloviov (CEO)
Revenue	$2.21 billion[1] (2017)
Operating income	$219 million[2] (2016)
Net income	$280 million[2] (2016)
Total assets	$4.33 billion[2] (2019)
Total equity	$1.18 billion[2] (2019)
Number of employees	20,000
Website	http://www.russneft.ru/eng/

The company operates two refineries - one in Orsk and in Krasnodar. Combined they had a capacity of 217,000 barrels per day (34,500 m³/d), as well as 100 petrol stations. Russneft is also an oil producer, producing around 14 million tonnes of crude oil in 2008, with recoverable reserves of 1.1 billion barrels (170×10^⁶ m³) of oil and 978 billion cubic feet (27.7×10^⁹ m³) of natural gas.[4] It also owns an oil terminal with a transit capacity of 7 million tonnes per year.

In addition, Russneft holds a controlling stake in Slavneft, which owns the Mozyr Refinery in Belarus with a capacity of 95,000 bbl/d (15,100 m³/d), and the YaNOS Yaroslavl Refinery with a capacity of 132,000 bbl/d (21,000 m³/d).[5]

In May 2010, the company's major shareholder Mikhail Gutseriyev announced that Russneft and Bashneft will merge in two or three years.[6]

In November 2016, Russneft raised US$502 million in an IPO on the Moscow Stock Exchange, selling 20% of its ordinary shares.[7]