6. Rosneft Oil Company

Company Snapshot
OJSC Oil Company Rosneft, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil and gas in the Russian Federation and internationally.

It also engages in the refining, transportation, and sale of petroleum products. In addition, the company provides banking and financial services; field survey and gas processing; and drilling and construction services to third parties.

As of December 31, 2007, it had a 20% share in the Sakhalin-1 project, which is being developed under a production sharing agreement (PSA), as well as in Sakhalin-5 project; interests in other projects associated with the exploration and development of the Zapadno-Shmidtovsky and Vostochno-Shmidtovsky blocks; and a PSA agreement with the Kazakhstan Government for the development of the Kurmangazy oil and gas prospect.

The company also had 50.0% share in gas produced by Polar Lights that engages in the development of the Ardalin and satellite fields in the Timan-Pechora Basin; and 49.4% share in gas produced by Udmurtneft.

The company was founded in 1993 and is based in Moscow, the Russian Federation.

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View the latest financial information on Business Week's Company Insight Center

Sergey Bogdanchikov, 51
TITLES
Chief Executive Officer, President, Member of Management Board and Director
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