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28/07/2014
13:02
M&A: FAS Russia grants application of Orelnefteprodukt

Russia's Federal Antimonopoly Service granted the application of CJSC Orelnefteprodukt (Oryol) for the right to use the fixed production assets of OS-Modul LLC, the regulatory body informed.

The information and documents accompanying the application meet the requirements of Russia's Competition Law, the regulatory authority commented.

OS-Modul LLC (Oryol) is principally engaged in the wholesale and retail trade, trading and procurement operations in and outside Russia; leasing of real estate.

CJSC Orelnefteprodukt is a subsidiary of Rosneft Oil Company.
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 increased daily production of hydrocarbons by 80% to 4.873 million barrels.

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 2013 grew by 51% to RUB 551 billion from RUB 365 billion the year before. Sales revenue was RUB 4.694 billion, EBITDA amounted to RUB 947 billion.

According to the DataCapital information retrieval system, RAS net profit of Rosneft for 2013 decreased 2.2 times to RUB 136.278 billion. Revenue went up 36.5% to RUB 3.544 trillion, cost value increased by 52.5% to RUB 1.969 trillion. Pre-tax profit decreased 2.2-fold to RUB 154.8 billion.



"AK&M", 28.07.2014

 

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