2005

In 2005 rating of activity of the oil and gas companies of Russia conducted by leading Russian experts and analysts and assisted by Oil & Gas Vertical, RussNeft strengthened its position as one of the five leaders of the home fuel and energy sector.

In the opinion of oil and gas analysts of Russia, who worthily appreciated the weighed development policy and the speed with which administrative decisions were taken, RussNeft ‘last year’s shift to the fourth place was not groundless’; it was a logic result of the hard and painstaking work done by the company. 

                                         Analysts about RussNeft (2005)

Andrey Кinyakin, an expert of the economic ahalytics service at IA Finmarket: 

“Last year RussNeft proved a most active and aggressive player in the fuel and energy sector; in two years and a half it managed to consolidate practically all the independent oil producing assets. Specifically, last year it bought Aganneftegeologia, Yukos share in a joint venture with Hungarian MOL Zapadno-Malobalykskoye, Tomskaya Neft ZAO, UNNK OAO, allowing it to raise its oil production almost to 20 million tons of oil and gas equivalent…”

Semyon Vainshtock, President of AK Transneft OAO:

“If two years ago someone had told me that there would appear a company producing 15 million tons a year, I would’ve considered him not a very clever person. But RussNeft shows such high rate of growth. And at that with no scandals, at small oilfields and in a civilized manner. It buys out companies, introduces advanced management and keeps working…”

Andrey Ardeyev, head of customer service at Fora-Capital: 

“Rapid development of RussNeft capable of joining the oil elite in the nearest future is worth ranking it among the most active companies of the oil and gas sector…”

Alexander Tutushkin, a correspondent of the Vedomosti: 

“It is a good example and the only one so far showing that a sound oil company can be created starting from zero…”

Dmitry Mangilev, an analyst of Prospekt: 

“RussNeft is a potential blue chip whose development suggests possibility of its entering the market shortly…”

Vladimir Milov, President  of the Institute of Energy Policy: 

“One can’t help observing the activity of RussNeft in consolidating small producing assets. If such policy is aimed at positive development of unfunded assets this could be only welcomed…”

Sekret Firmy Magazine: 

“RussNeft is assumed to be one of the most dynamically developing oil companies; its production growth within a year has come to more than 86%. Moreover, this private company may be the only one among the first ten leaders not supported by the government…”

Ekaterina Derbilova, Irina Reznik, Tatiana Yegorova of the Vedomosti: 

“RussNeft can be called the most aggressive company. In 2005 it bought seven small oil producers having stepped up its annual oil output from 10 to 16.5 million tons. Furthermore RussNeft assets were supplemented with two oil refineries and nearly 300 gas-filling stations and now it has more retail outlets in the metropolitan area than any other company. The other day Gutseriev said that by the end of 2006 RussNeft would produce 25 million tons of crude and in future all 100 million tons…”

Neft&Kapital Magazine: 

“According to the results of nine months of 2005, the rapid growth of RussNeft resulted in the second place taken among other Russian companies in the growth of oil production. The company has increased its production volumes by 160% up to 13 million tons. Yuganskneftegaz has turned out to be the first on the list though.
It is evident that these companies adopt different policies. State-run Rosneft counts on acquisition of big assets, while its ‘private namesake’ having no such lobbying possibilities prefers to buy small and medium producers including those facing charges on violation of license agreements to be subsequently readjusted…”

The Business: 

“RussNeft is growing into the role of Ruissia’s political representative at the international oil market. The company active in buying interior assets for the last years has been approved by the government as a candidate for acquiring Yukos stake at Slovakian company Transpetrol…
The RF government supports RussNeft as a candidate for buying Yukos stake at Slovakian pipeline company Transpetrol, said yesterday Deputy Economic Development Minister Andrei Sharonov. A respective letter signed by Economic Development Minister German Greff has already been sent to the government of Slovakia…”

The most active oil and gas companies of Russia, 2005

(10- TOP The OIL AND GAS VERTICAL )

Place	Companies	Points
1(1)	Gazprom	125
2(7)	Rosneft	62
3(2)	Lukoil	56
4(4)	RussNeft	26
5(3)	TNK-BP	14
6(5-6)	Novatek	10
7(8)	Surgutneftegaz	8
8(10)	Sibneft	5
9(-)	Nortgaz	3
10 (5-6)	Yukos	2

Experts were offered to name three companies scoring from 3 points to 1. Out of those named by the experts ten companies were taken with the largest sum of scored points. Column ‘Place’ brackets the result of the poll conducted a year before. Column ‘Points’ cites pooled estimates.

Taken from The OIL AND GAS VERTICAL

                                                           2004


In 2004 rating in the activities of Russian oil and gas companies given by leading Russian experts and analysts supported by The OIL AND GAS VERTICAL (a magazine) RussNeft was among the first five leaders along with such companies as Gasprom, LUKOILl, TNK-BP.

The leading experts and analysts have assessed the annual dynamic results of the crude oil production and noted a sweeping growth of crude oil extraction done by RussNeft in 2004. They named RussNeft among the three leaders of the oil and gas industry along with Slavneft and TNK-BP.

   Analysts about RussNeft (2004)

Andrey Gromadin, analyst, oil and gas section, RUSSIAN INVESTORS, Investment Company

"RussNeft has actually completed to primarily form the oil market in Russia having used the last possibility to consolidate significant extraction rate. Within a year the Company has been able to increase the production in more than three times. In the nearest future it is planned to extract 10 million tons... The Company is planning to do IPO, that may become one of the most successful in Russia."

Mikhail Subbotin, Director, SPR EXPERTIZA, Scientific Consulting Company

"With regard to the efficiency of working operations Sakhalin Energy, RussNeft and Novatek were most interesting in 2004".

Valery Nesterov, analyst, oil and gas industry, TROYKA DIALOG, Investment Company

"Most of the companies cited have seriously contributed into the development of oil and gas industry this year. RussNeft has been actively growing acquiring new assets..."

Dmitry Manguiev, analyst, PROSPEKT , Investment Company

"The first place in our version was taken by RussNeft of Mikhail Gutseriev. At the expense of new acquisitions this Company was able to increase its crude oil production by 41 % by the end of the year. Actually we are talking about one more major player at the market in question."

Dmitry Logunov, Deloitte Partner:

"In 2004 RussNeft continued to develop acquiring more and more productive assets. The Company is not yet in the position to be able to compete with major vertically integrated oil companies of Russia, however its pace of development impresses".

Mikhail Zak, manager, analyst section, VELES KAPITAL, Share Holding Company

"RussNeft is a break-through in oil industry. For the last year M. Gutseriev was able to create one of the biggest companies in the industry whose export is already compatible with Bashneft deliveries".

Nataliya Bortsova, editor, ARGUS MEDIA LTD

" RussNeft is not a big company, but it has attracted attention this year... RussNeft has done a number of good purchases of assets and has turned into a conspicuous player".

The most active oil and gas companies of Russia, 2004

(10- TOP The OIL AND GAS VERTICAL )

It was suggested that experts should name three companies, scoring from 3 to 1 points. Out of all the companies named 10 were selected as having the highest amount of points. In the Place Column inquiry results of the previous year are given in brackets. In Points Column ultimate estimates are given.

Dynamics of crude oil production

( for 10 months, 2003/2004)

Taken from The OIL AND GAS VERTICAL