OJSC Gazprom Neft increased its equity position in CJSC Gazprom Neft Orenburg to 100% from 61.8%, according to information disclosed by Gazprom Neft.
The Federal Antimonopoly Service approved this transaction in July 2013.
It will be recalled that in October 2011, Gazprom Neft completed the acquisition of 61.8% of the shares in Gazprom Neft Orenburg for RUB 3.576 billion from Gazprom. The remaining shares were vested in Gazprom Neft to be held in trust.
Gazprom Neft (tax number: 5504036333) ranks fifth largest oil producer in the Russian Federation. Gazprom Neft and its subsidiaries own 61 licenses for the prospecting and development of oil fields. The proven oil reserves in the company's fields exceed 4.5 billion barrels. The company's largest shareholder is Gazprom Group.
Net profit (IFRS) of OJSC Gazprom Neft for 2012 increased by 10.2% to RUB 176.67 billion. Revenue rose by 19.5% year-on-year to RUB 1.23 trillion.
According to the information and retrieval system DataCapital, net profit (RAS) of OJSC Gazprom Neft for 2012 increased by 10.3% to RUB 84.505 billion from RUB 76.547 billion in 2011. Revenue increased by 9.8% to RUB 905.513 billion from RUB 824.385 billion. Sales profit decreased by 36.2% to RUB 67.835 billion from RUB 106.392 billion.