RussNeft to Have Transferred Controlling Stakes of Five Tomsk Regional Enterprises to its Balance Sheet

This is to remind that end of 2004 RussNeft acquired a number of promising oil assets in the Tomsk oil-bearing province which were Stolbovoye, Poselkovoye, Fedyushkinskoye, Duklinskoye and Grushevoye limited liability companies. At the same time in the interests of RussNeft another company named Sobolinoye ZAO was bought having total oil production level of 200 thousand tons per year. The companies thus acquired have in total 18 million tons of C1 recoverable reserves and 10 million tons of C2 recoverable reserves.
Oil company RussNeft is a vertically integrated oil holding company established in 2002. In the structure of RussNeft there are 25 producing, refining and transporting companies, a modern retail network of petrol stations in 13 regions of Russia and CIS. RussNeft operates in Western Siberia, Tomsk, Novosibirsk, Ulyanovsk, Penza, Samara, Bryansk and Leningrad regions, Krasnodarsky krai, Republics of Udmurtia, Komi and Belarus. RussNeft’s total recoverable reserves exceed 600 million tons.