On March 6, the Rosneft group completed the sale of a 49% stake in joint venture Yugragazpererabotka, Russia's oil giant informed.
As was previously reported, the stake was sold to SIBUR. The parties keep the transaction value private.
The associated petroleum gas processing capacities of Yugragazpererabotka processing facilities reach 13.4 bcm.
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.