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	Rosneft \| Investors \| Consolidation (Site not responding. Last check: 2007-10-10)
		Rosneft is engaged in a number of world-class projects, which, unlike the 'older' oil and gas producing subsidiaries, have yet to attain peak profitability.
		Rosneft selected the subsidiaries to be consolidated in accordance with the Company's development strategy, which is based on the unified business processes of the chosen subsidiaries and which will create maximum synergies as a result of consolidation.
		The procedure for restructuring Rosneft and the Company's subsidiaries specifies that their management boards make decisions concerning restructuring, notify the Federal Tax Service and creditors about their decision to restructure and purchase shares at the request of those shareholders who either vote against the consolidation or who fail to vote on the issue.
	www.rosneft.com /english/investors/consolidation.html (1061 words)

	Rosneft sees shares drop amid lawsuit - Marketplace by Bloomberg - International Herald Tribune
		MOSCOW Shares of Rosneft, the Russian state oil company that raised $10.4 billion in an initial public offering, fell in their first day of trading in Moscow on Monday amid a legal challenge seeking to halt the company's stock listing in London.
		Rosneft's initial offering, one of the world's largest, is expected to be formally approved by British regulators Wednesday.
		Rosneft and the London exchange are expected to present their arguments in the case Tuesday.
	www.iht.com /articles/2006/07/17/bloomberg/bxrosneft.php (428 words)

	Stock sale by Rosneft gives Putin upper hand - Business - International Herald Tribune
		MOSCOW Rosneft, the Russian state oil company, raised $10.4 billion Friday in the sixth-largest initial public offering ever, partly by selling back to international investors oil assets that were effectively nationalized 19 months ago.
		Not coincidentally, Rosneft timed the float a day before President Vladimir Putin was to be host to a Group of Eight summit meeting on energy issues, ensuring strong backing from the government.
		O'Brien, the Rosneft financial adviser, said the unidentified investor would soon become public and that it was an institution that had consolidated orders from numerous clients.
	www.iht.com /articles/2006/07/14/business/rosneft.php (1015 words)

	Rosneft \| About Rosneft \| History (Site not responding. Last check: 2007-10-10)
		Rosneft was one of the last vertically integrated oil companies to emerge from the reorganization and large-scale privatization of Russia's oil industry in the years following the dissolution of the Soviet Union.
		The result was the creation of Rosneft — a state enterprise established in 1993 on the basis of the assets previously held by Rosneftegaz, the successor to the USSR Ministry of Oil and Gas.
		At the end of 2005, Rosneft announced the acquisition of a 25.94% stake in Verkhnechonskneftegaz, which was later complemented by the acquisition of an exploration license to the East Sugdinsky field.
	www.rosneft.com /english/about_rosneft/history.html (962 words)

	ISN Security Watch - Gazprom, Rosneft: divided in unity (Site not responding. Last check: 2007-10-10)
		Gazprom and Rosneft are also expected to lock horns in a battle for control over the petrochemical sector of the internal republic of Bashkortostan, which includes refineries, chemical and petrochemical plants in Ufa, Sterlitamak, Salavat and other towns.
		Relations between Gazprom and Rosneft are seen as a reflection of the rivalry between two powerful Kremlin clans headed by Medvedev and Igor Sechin, deputy head of the presidential administration and Rosneft chairman.
		Rosneft eyes strong output growth in the years to come and plans to boost production by 8 percent in 2006 to 1.63 million bpd and to 2 million bpd by 2009.
	www.isn.ethz.ch /news/sw/details.cfm?id=16607 (1716 words)

	Russia Blog: Soros Assails Rosneft IPO
		Last year, Rosneft and the Kremlin were criticized by the Wall Street Journal's editorial board for extending a job offer to Don Evans, President George W. Bush's first Secretary of Commerce, and a close friend from Bush's hometown of Midland, Texas.
		Rosneft is hoping to raise $11 billion dollars with this initial public offering and bring in Western investors as minority stakeholders.
		Rosneft needs this capital to upgrade its aging network of pipelines and bring the latest extraction technologies into Siberian oil fields.
	www.russiablog.org /2006/07/soros_continues_to_attack_rosn_1.html (612 words)

	ViewsWire
		Rosneft, the Russian state oil company built on assets seized from rival Yukos, is seeking to raise at least US$10bn in a mid-July IPO in
		Rosneft’s political connections are beyond dispute: CEO Sergei Bogdanchikov is a Kremlin favourite, while board chairman Igor Sechin also serves as a deputy chief of staff in the presidential administration and is widely regarded as one of the most influential people in President Vladimir Putin’s inner circle.
		And just as Rosneft is aligned with a Kremlin clique (headed by Mr Sechin), so too is Gazprom—its CEO is Alexei Miller, a long-time ally of Mr Putin, and former presidential chief of staff Dmitry Medvedev, now a deputy prime minister, is chairman of the Gazprom board.
	www.viewswire.com /index.asp?layout=VWPrintVW3&article_id=1040694289&printer=printer (1433 words)

	Russian Oil Debut - Forbes.com (Site not responding. Last check: 2007-10-10)
		The challenge is based on the allegation that Rosneft and the Russian government improperly wrested the Yugansk subsidiary from Yukos.
		Rosneft operates refineries in Tuapse (in western Russia) and in Komsomolsk-on-Amur (in Russia's Far East).
		Rosneft's shares aren't registered in the United States, making it impossible for American brokers to sell shares to their clients.
	www.forbes.com /business/2006/07/13/ipo-outlook-rosneft-cx_sr_0713rosneft.html (1113 words)

	Rosneft Capitalization Exceeds $100Bln - Kommersant Moscow
		Rosneft widened 8 percent Thursday to Friday on active buyout of stocks on LSE.
		Rosneft widened 8 percent in two final trading days of the past week, fueling capitalization to above $100 billion.
		But the most intriguing piece of news could be the merger of Rosneft and Surgutneftegaz, which has been long talked over on the market.
	www.kommersant.com /p721056/r_529/Rosneft_capitalization (392 words)

	YUKOS Takes Over Rosneft - Kommersant Moscow
		Rosneft announced the results of votes at stockholders meetings at the company's subsidiaries yesterday.
		The 9.7 percent of Rosneft stock that YUKOS will receive in the deal will almost certainly be returned to Rosneft in the course of YUKOS' bankruptcy, analysts say, noting that the bankruptcy was initiated by Rosneft and is proceeding under Rosneft's control.
		Rosneft noted in its statement yesterday that the exchange coefficients are based on the independent assessments of Deloitte & Touche and take the interests of all shareholders in its subsidiaries into account.
	www.kommersant.com /p679579/r_1/YUKOS_Takes_Over_Rosneft (477 words)

	Rosneft \| About Rosneft (Site not responding. Last check: 2007-10-10)
		Rosneft is a vertically-integrated Russian oil and gas company with upstream and downstream operations in each of Russia’s oil-producing regions.
		Rosneft operates ten oil and gas producing enterprises across Russia and is involved in over ten world-class exploration projects.
		Over the past six years, Rosneft has pursued a strategy of reducing costs, implementing new technologies and developing a highly diverse asset portfolio by exploiting exploration licenses and making promising new acquisitions.
	www.rosneft.com /english/about_rosneft/index.html (200 words)

	Russia Rosneft Lining Up $24.5Bln in Loans
		Rosneft is in negotiations for a record $24.5 billion in loans from a consortium of international banks, including Citigroup, banking sources said Thursday.
		The financing would be the biggest-ever to a Russian company and put Rosneft in pole position to swallow the remains of Yukos, which are to be auctioned next year to pay off the company's $21.5 billion in debt.
		Rosneft, which initiated Yukos bankruptcy proceedings, is the company's main creditor, owed $9.5 billion.
	www.templetonthorp.com /cz/news1393 (659 words)

	Russia Blog: Rosneft Picking its Shareholders
		As Austin, TX based Strategic Forecasting notes, until two years ago, Rosneft was an afterthought in the Russian oil market, a state-owned pigmy next to the privately-owned giants Lukoil, Yukos (Mikhail Khodorkovsky) and Sibneft (Roman Abramovich).
		Rosneft originally announced last year that they wanted to raise $8.5 billion, then this figure became $11 billion - this in spite of billionaire investor George Soros' criticism that investors would be buying stolen assets (true enough, but every major asset in Russia today was stolen from someone).
		With the value of Yukos pegged conservatively at $30 billion in 2004, and with Rosneft acquiring chunks of Sibneft from Gazprom after Roman Abramovich cut his deal with the Kremlin, the estimated value of the company has increased by an order of magnitude (from $8 billion to $80 billion) in barely two years.
	www.russiablog.org /2006/07/rosneft_choosing_its_sharehold.html (1418 words)

	Rosneft - Wikipedia, the free encyclopedia
		Rosneft conducts oil and gas exploration and production activities on Sakhalin island, in Siberia, in the Timan-Pechora province, and in southern Russia, including Chechnya.
		The merger plans were discarded in May 2005 because Rosneft president Sergey Bogdanchikov did not wish to take a lesser role in the integrated company answering to Gazprom CEO Alexei Miller.
		Rosneft's headquarters are located in the Balchug district in the center of Moscow, only a few steps away from the Kremlin, across the Moskva river.
	en.wikipedia.org /wiki/Rosneft (298 words)

	BBC NEWS \| Business \| Rosneft reveals $11bn share float
		Rosneft's largest shareholder, state-owned Rosneftegaz, borrowed $7.5bn from a group of banks last year to buy additional shares in Russian gas monopoly Gazprom, thereby increasing state control over the gas giant.
		Rosneft's flotation has attracted controversy, not least in London where there are concerns from some quarters over the standard of Russia's corporate governance.
		The company is one of the world's largest oil firms and Rosneft made a net profit of $802m in the first quarter of 2006.
	news.bbc.co.uk /go/click/rss/1.0/-/2/hi/business/5116062.stm (332 words)

	Upstreamonline - ONGC eyes $3bn Rosneft slice
		Rosneft, Russia's most leveraged company, is planning to raise $11 billion from an initial public offering of between 13% and 19% of its stock in London and Moscow on 14 July.
		Rosneft argues it is growing faster than any other Russian company and enjoys full support from the Kremlin.
		Rosneft chief Sergei Bogdanchikov had hinted Chinese and Indian players such as CNPC and ONGC were prepared to outbid portfolio investors and buy into Rosneft even at the current price to strengthen relations with Moscow.
	www.upstreamonline.com /live/article115118.ece (255 words)

	The Epoch Times \| Gazprom, Rosneft to Merge without Yugansk
		Miller, flanked by Bogdanchikov, said Gazprom's acquisition of 100 percent of Rosneft, via a share and asset swap, would ensure the Russian state regains control over Gazprom and increases its stake to more than 50 percent from 39 percent now.
		It also quoted a source close to Gazprom as saying that a key issue was restructuring the debts raised by Rosneft to buy Baikal Finance Group, the bid vehicle which bought Yugansk at the enforced auction of the YUKOS unit in December.
		Rosneft already had debts of its own of over $4.5 billion before it bought Yugansk for $9.4 billion, three times its equity book value, while Gazprom is Russia's most leveraged company with net debts of $17.6 billion as of September 2004.
	www.theepochtimes.com /news/5-3-2/26737.html (719 words)

	Rosneft aims to raise $15.8b in float - Business - Business - smh.com.au
		MOSCOW: Rosneft, Russia's state oil company, plans to raise as much as $US11.6 billion ($15.8 billion) in a public share issue that would be the world's fourth biggest float, gaining funds to increase production.
		Rosneft did not expect any "significant damage" from court cases resulting from Yukos's dismantlement, Mr Bogdanchikov said on Sunday at presentations to investors in Moscow.
		Rosneft plans to set aside about 30 per cent of the issue for investors in Russia, including individuals, in what would be the country's largest ever stock offering.
	www.smh.com.au /news/business/rosneft-aims-to-raise-158b-in-float/2006/06/26/1151174131993.html (519 words)

	ROSNEFT EYES NEW FIELDS IN EASTERN SIBERIA AND BEYOND - Eurasia Daily Monitor
		Nonetheless, in December 2005 Rosneft placed a winning bid of 7.47 billion rubles (some $260 million) in an auction for a license to develop the East Sugdin oil and gas field, which is adjacent to the Verkhnechonsk field.
		Rosneft anticipates strong output growth in the years to come and plans to boost production by 8% in 2006 to 1.63 million bpd and to 2 million bpd by 2009.
		Rosneft is expected to use the bulk of the initial public offering proceeds to repay its earlier debts.
	www.jamestown.org /edm/article.php?article_id=2370668 (904 words)

	RIA Novosti - Business - Rosneft to complete consolidation by November
		"The goal of the Rosneft reorganization is the logical conclusion of the process of forming a single vertically integrated company and turning it into a world-class oil and gas company," a Rosneft press release said, adding that the company would reduce expenditure and increase its management effectiveness as a result.
		Rosneft and the companies involved will each hold general shareholders' meetings on the consolidation on May 30, the company said.
		Rosneft plans to propose to its minority shareholders to convert their shares into the consolidated company's shares, or to sell them in accordance with Russian regulations.
	en.rian.ru /business/20060418/46570680.html (297 words)

	Rosneft to go public in biggest oil and gas offering ever - Jul. 7, 2006
		Rosneft's IPO is part of Moscow's bid to reassert itself as a superpower on the world stage.
		The Rosneft IPO is very much connected to the image Russia is presenting at the G8, according to Clifford Gaddy, a senior fellow at the Brookings Institution who specializes in the Russian economy.
		Rosneft's shares are estimated to price between $5.85 to $7.85 a share, according to deal tracker Dealogic.
	money.cnn.com /2006/07/06/markets/ipo/rosneft (1386 words)

	Euro2day :: Rosneft battles to starting line
		Rosneft, the state-controlled Russian oil company, was on Thurday night finalising details of its initial public offering as one adversary made a last-ditch effort to impede the flotation and another claimed a symbolic victory in one of the lawsuits facing the company.
		Late on Thursday night, shares in Rosneft were expected to be priced close to $7.55 a share, at the very top end of the initial $5.85-$7.85 per share range, people close to the IPO indicated.
		BP has decided to take a stake in Rosneft, though the high level of demand means its holding is likely to be closer to $1bn rather than the $2bn initially offered.
	www.euro2day.gr /articlesfna/17547871 (755 words)

	Russia’s Rosneft Launches PR Campaign to Lure Investors for IPO - MONEY - MOSNEWS.COM (Site not responding. Last check: 2007-10-10)
		Rosneft, the second-biggest Russian oil producer, is mounting a lavish public relations campaign to win over wary foreign investors before planned flotation on the London and Moscow stock exchanges next month, AFP reports.
		Rosneft is now planning to raise some 10 billion dollars (7.9 billion euros) with a share offering in London and Moscow in July in what company executives hope will become one of the biggest initial public offerings (IPOs) ever.
		Reporters visiting Rosneft’s Purneftegaz oil and gas condensate fields in western Siberia earlier this month were treated to caviar on the company’s private jet and chaperoned around the high-tech facility by public relations professionals.
	www.mosnews.com /money/2006/06/18/rosneft.shtml (799 words)

	SignOnSanDiego.com > News > Business -- Rosneft prices its shares at $7.55, raising $10.4 billion – ...
		That campaign began with Rosneft's acquisition of the core assets of OAO Yukos, the oil company that was once Russia's largest.
		Rosneft said in a statement that the pricing gives it a total value of $79.8 billion – a higher market capitalization than Russia's biggest oil producer, Lukoil.
		Analysts say Rosneft can value the shares so highly because it is selling nearly half the floatation stake to a small group of strategic investors.
	signonsandiego.com /news/business/20060714-0925-russia-rosneft-ipo.html (770 words)

	RIA Novosti
		Rosneft [RTS, LSE: ROSN] is considering participating in the construction of an oil pipeline in the Balkans by the end of 2006, a senior company official said Friday.
		Rosneft [LSE: ROSN] said Thursday its board of directors had approved a decision to issue additional stock by converting ordinary and preferred shares of the company's 12 subsidiaries to Rosneft shares.
		Rosneft, Russia's state-run oil company, could increase the value of its initial public offering to $14 billion with the issue of additional 400 million shares, a federal agency said Thursday.
	en.rian.ru /trend/Rosneft (493 words)

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