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24/01/2014
14:18
M&A: Rosneft to enter fuel market of Kyrgyzstan

Rosneft President Igor Sechin held working meetings with Albek Ibraimov, President of OAO Manas International Airport, and Alexander Niyazov, CEO of Bishkek Oil Company Group of Companies, to discuss Rosneft's opportunities to enter the fuel market of Kyrgyzstan.

Following the meeting, Rosneft and Manas International Airport signed a Memorandum of Understanding assuming that Rosneft will consider the possible acquisition of at least a 50% stake in the Refueling Complex at the Osh city airport where the annual passenger flow exceeds 1 million people.

Besides, the parties signed another Memorandum of Understanding for Rosneft to consider the possible acquisition of Bishkek Oil Company Group of Companies, one of the leaders in the Kyrgyz petroleum products market.

Rosneft Oil Company (tax number: 7706107510) is the largest oil company and largest tax payer in the Russian Federation. In 2013, Rosneft's proved SEC compliant reserves increased by 11.5% to 33.014 billion boe.

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.




"AK&M", 24.01.2014

 

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