Oil Company RussNeft OAO plans in the nearest years to buy 7 assets both in Russia and abroad, as informed President of RussNeft Mikhail Gutseriev on Friday.
At this he neither set any time limits for acquisition of these assets nor mentioned any company names.
At the same time M.Gutseriev told the Oil Information Agency, or ANI, that this year RussNeft was not going to raise new credits for the acquisition of these assets.
M. Gutseriev reminded that in 2006 the company planned to get $1 billion of net profit. Earlier he said that according to the results of 2005 the net profit of the company amounted to $700 million basing on the fact that in the 9 months of 2005 the net profit came to $500 million. According to the estimation of M. Gutseriev, presently the debt of the company doesn’t not exceed $2 billion.
Earlier M.Gutseriev said that RussNeft might buy core assets in the Saratov region.
As reported before in the end of 2005 TNK(РТС: TNKO)-BP sold Saratovneftegaz OAO, annually producing 1.6 million tons of crude oil, to RussNeft.
Oil Company RussNeft OAO is a vertically integrated oil holding ranked among the ten first-rate oil and gas companies of Russia. Its entities are found in the Tomsk, Novosibirsk, Ulyanovsk, Penza, Samara, Bryansk, Leningrad, Volgograd, Smolensk, Orenburg, Krasnodar regions, republics of Udmurtia and Komi, and in Byelorussia.
