News

Oil Company RussNeft has heightened its forecast of the 2006 oil production and is going to produce 25 million tons of crude oil, head of the company Mikhail Gutseriev told reporters.

The company of Mikhail Gutseriev has bought assets of TNK-BP and two refineries at a time

The Company Buys a Refinery and Becomes Vertically Integrated

The owner of RussNeft Mikhail Gutseriev will enter the New Year as the owner of a vertically integrated company. Yesterday RussNeft announced purchase from TNK-BP a number of assets including the Orsk Refinery of 6.7 million ton annual capacity.

Russian company RussNeft is going to enter Slovakian market and buy 49% of Slovakian Transport Company Transpetrol from Yukos, a major Russia’s oil concern, lawtek.ru reported. RussNeft President Mikhail Gutseriev discussed the matter yesterday at a meeting with Slovakia’s economics minister.