Rosneft to buy former Yukos filling stations for $630 mln


Russia's state-controlled oil giant Rosneft said Tuesday its subsidiary Neft-Aktiv would purchase a network of filling stations owned until recently by bankrupt oil company Yukos for 16.3 billion rubles ($630 million). 

Hundreds of filling stations and related infrastructure in the European and southern parts of Russia were bought at a Yukos liquidation auction in May by the previously unknown company Unitex, believed to be affiliated with Russia's largest independent natural gas producer Novatek. Rosneft said Neft-Aktiv signed an agreement Tuesday with Unitex on buying the network of 495 filling stations.

Neft-Aktiv also signed an agreement with the Yukos bankruptcy administrator to purchase 'Lot No.9' of the company's assets for 4.9 billion rubles (about $189 million). The lot includes more than 100 filling stations in southern Russia, including 100% of shares in Stavropolnefteprodukt, Rosneft said. “The acquisition of these enterprises will enable Rosneft to become a leader in the growing and attractive oil product retail market in Russia, providing the additional benefits of vertical integration and improved financial and operating performance,” Rosneft said in a statement.

Unitex bought Yukos's filling station network for 12.46 billion rubles (about $484 million), compared to the auction's starting price of 7.7 billion rubles ($299 million). However, analysts have put a much higher value on the assets. The ownership structure of Unitex has not been revealed by either the company or authorities.

The situation is similar to a deal in December 2004, when Rosneft bought Yukos's former core production unit, Yuganskneftegaz, from another unknown company, Baikal Finance Group, which had acquired the assets at an auction a few days previously. Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over tax arrears. (

HuPRA's Report Highlights Crisis Comms Trends in 2023 Analysis

HuPRA's Report Highlights Crisis Comms Trends in 2023

Informal EU Foreign Ministers Meeting Moved from Budapest to... EU

Informal EU Foreign Ministers Meeting Moved from Budapest to...

Number of Job Applications up in Q2 HR

Number of Job Applications up in Q2

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.