Rosneft Group acquired 100% of the shares in CJSC TZK-AVIA operating the refueling complex at the Rostov-on-Don airport, Rosneft informed.
The acquisition of the refueling complex at the Rostov-on-Don airport was pursuant to the company's strategy to expand its own network of refueling complexes and to maximize direct sales of aviation fuel to end consumers.
This transaction is an essential part of implementing the Agreement on cooperation between the government of Rostov region and Rosneft Oil Company signed on September 27, 2013, and is pursuant to the arrangements between the Rostov-on-Don airport and Rosneft, the statement emphasizes.
Being vastly experienced in the management of refueling complexes and end-to-end fuel quality control from oil refinery to aircraft, and benefiting from a wide-spread system of production facilities (with 9 oil refineries producing aviation kerosene), the company is in a position to ensure continuous fuel supply to airports, resulting in a higher earning power and efficiency of the refueling business," Rosneft commented.
Rosneft Oil Company (tax number: 7706107510) is the largest oil company and largest tax payer in the Russian Federation. Rosneft's proved SEC compliant reserves as of December 31, 2011 were 17.618 billion barrels of oil equivalent. In 2012, Rosneft ramped up production of hydrocarbons by 4.5% to 2.702 barrels per day.
The company's authorized capital is RUB 105.981 million. This amount is represented by 10,598,177,810 common shares at par value of RUB 0.01. The company's largest shareholder is state-owned company Rosneftegaz.
IFRS net profit of Rosneft for 9 months 2013 increased by 46% year-on-year to RUB 417 billion from RUB 285 billion. Revenue went up 47% to RUB 3.344 trillion from RUB 2.268 trillion, EBITDA by 52% to RUB 674 billion from RUB 445 billion.
According to the information and retrieval system DataCapital, net profit of Rosneft for 2012 as per RAS increased by 27.8% to RUB 302.501 billion. Revenue grew by 28.2% to RUB 2.596 trillion from RUB 2.025 trillion, pre-tax profit by 21% to RUB 345.561 billion from RUB 285.07 billion.