icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Rosneft gets its fill of Yukos petrol stations

Rosneft has bought around 600 former Yukos filling stations across Russia in two separate deals, paying more than $US 800 MLN.

The state-run oil giant got its hands on the stations when its subsidiary Neftaktiv acquired Unitex – which itself won almost 500 of the filling stations at auction in May.  Unitex bought the lucrative assets for almost $US 500 MLN, outbidding Shell and British-Russian joint venture TNK-BP at a series of Yukos auctions.  Now Rosneft is buying the lot for over $US 600 MLN.

In another development, Rosneft is spending $US 200 MLN on a separate Yukos lot which includes more than 100 filling stations.

Rosneft says the new acquisitions will boost its position on the growing retail market and help improve its overall performance.

Rosneft is also said to be planning to buy the bankrupt Yukos's former office building in central Moscow.  Vedomosti business daily reports, Rosneft's head Sergey Bogdanchikov wants to move into Yukos's former headquarters after acquiring it from auction winner Prana.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.