"Rosneft" is going to optimize its corporate structure, therefore the state company plans to sell and liquidate some of its non-profile enterprises, where it has shares. The purpose of the action is to increase the economic efficiency of long-term financial investments, the efficiency of the company?s functioning property complex and also the reduction of unproductive expenses.
Open Society "GIVZ Neftegaz", Open Society "Rosneft-TSKB ASUnefteprodukt" and Open Society " Rosnefteimpeks" are still envolved in no-profile kinds of activity, which should be resolved by "Rosneft?s" management till September.
1. Shares of "Rosneft" will be sold on a competitive basis for the price determined by independent appraiser. Till June 1 "Rosneft" is going to carry out a sale of shares in a number of joint-stock companies, which have stopped economic activity.
Plans of "Rosneft" include the liquidation of the bankrupt Open Society "Rosneft-Neftekomplekt", which is now in procedure. Another corporate decision should concern voluntary liquidation of Joint-Stock Company "Rosneft-Yugshelf", which was using the vessel "Giant" before the beginning of the reconstruction.
Affiliated companies of "Rosneft" are offered to sell their shares in a number of regional joint-stock companies by May this year.
The merger of Open Company "Rosneft-Krasnodar? with Open Society "Rosneft-Kuban nefteprodukt" directed on simplification of the company structure will be completed by March 1. For realization of this procedure "Rosneft" has redeemed at "Yugnefteprodukt", controlled by petroleum businessman Vaha Agaev, who owns 100 % of tank farm in the south of Russia and more than 40 % of "Kuban nefteprodukt".
The merge of Open Society " Rosneft-Arhangelsknefteproduct " and Open Society "Rosneft-Severnefteservis" is already completed.
The restructuring has touched not only enterprises, but also "Rosneft?s" bowels fund. Within the framework of structural improvement, the company reform balances of stocks of hydro carbonic raw material. The company will return numerous licenses for a number of unpromising sites at the Stavropol territory and the Republic of Dagestan.
It already resulted in a voluntary return of licenses for searching of hydro carbonic raw material on unproductive Severo-Kolodeznoe and Prikanalnoe deposits by Open Society "Rosneft-Stavropolneftegaz". Total resources of these sites of the category С3 add up to 600 thousand tons of petroleum.
Besides Open Society "Rosneft-Stavropolneftegaz" will return the license for the development of Zhuravskoe petroleum deposit, which is unique and possesses weak physical and chemical clay breeds - collectors. The development of Zhuravskoe deposit is unprofitable because of the absence of technologies. As irreplaceable losses of oil stocks make 6,8 million tons of category С1, this deposit will be preserved as unallotted fund of the Stavropol territory.
Open Society "Rosneft-Dagneft? will return the license for three sites located on the territory of republic. Dagestan sites are recognized as unprofitable as they are rather deep (from 4,5 to 5,5 thousand meters) and contain small stocks of hydrocarbon raw material. These are Zimnikovskaya, Yuzhno-Oktyabrskaya and Karabudahkentskaya areas; with total stocks of category С3 estimated in approximately 3,5 million tons of petroleum.
"We make it voluntary, not waiting for complaints", - says representative of "Rosneft".
Cleaning of "Rosneft?s" assets by selling its not profile assets should promote capital-intensive projects, in which the state company is involved.
Author: Tatyana Zaharova
