News

After IPO at MOEX PJSC “RussNeft” intends to purchase three oil assets in Orenburg region from its major shareholder Mikhail Gutseriev. The deal value is $270 MLN and it exceeds the funds available on PJSC “RussNeft” accounts fivefold.

Moscow. During IPO “RussNeft” is going to float 20% of its ordinary shares, which amounts to 15% of equity.

Moscow. PJSC “RussNeft” intends to increase oil production from 7 to 10 mln tons in 2017-2019, acc.to development strategy of the Company.

RussNeft Senior Vice-President for Production was appointed new President of the Company, as transpires from the materials of the Board of Directors decisions. “To elect Evgeny Viktorovich Tolochek the President of the Oil Company “RussNeft” since November 8th, 2016”, the company statement said.

Moscow. PJSC “RussNeft” Board of Directors will approve of 2017-2019 development strategy in advance of the IPO.