Source AP ©

Rosneft to buy Yukos stations

State-controlled Rosneft strengthened its position as the nation's top oil company on Tuesday, announcing that it would buy nearly 600 filling stations and other facilities that once belonged to the bankrupt Yukos oil company.

Rosneft said it would pay just over 21 billion rubles (US$815 million; euro606 million) for the filling stations and oil product terminals to Yuniteks - the company which purchased them at liquidation auctions earlier in the year.

"The acquisition of these enterprises will enable Rosneft to become a leader in the growing and attractive oil products retail market in Russia," the company said in a statement.

Yuniteks, a little-known company whose owners have not been disclosed, paid 17.5 billion rubles (euro502 million; US$676 million) for the two lots that included the assets bought by Rosneft.

The liquidation sales were dominated by Rosneft and were organized against billions of dollars in Yukos' back tax debts - which critics allege were manufactured as part of a state drive for dominance in the oil sector.

After buying up Yukos's main oil fields and refineries, Rosneft was transformed into Russia's biggest oil producer with production of over 2 million barrels per day.

In a parallel case Yukos' former CEO Mikhail Khodorkovsky is serving an eight-year prison sentence on tax and fraud charges.

On Monday, the Vesti television channel cited Rosneft President Sergei Bogdanchikov as saying that the company was in talks to buy other assets acquired by the unknown company Prana in the final auction in early May. Prana beat Rosneft in bidding for a lot that included Yukos' towering downtown headquarters.

World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable

Russia gets rid of world’s most powerful nuclear submarines

The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.

Tillerson must go!
Comments
Honor me: The hell with you
What will happen if USA freezes Russian dollar assets?
Russian Guard to see enemies behind walls
Putin celebrates Epiphany bathing in ice cold waters
Russia gets rid of world’s most powerful nuclear submarines
Russian Guard to see enemies behind walls
Tillerson must go!
Turkey distances itself from Russia to plunge Syria into greater chaos
Tillerson must go!
Torturing Jerusalem with USA's help: No peace, but eternal war for Jews and Arabs
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
Turkey distances itself from Russia to plunge Syria into greater chaos
Turkey distances itself from Russia to plunge Syria into greater chaos
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
North Korea and Double Standards. Vancouver Conference a Missed Opportunity.
Ukraine's Western allies point their guns at President Poroshenko
Ukraine's Western allies point their guns at President Poroshenko
Why did the USSR lose the Moon race?
Honor me: The hell with you
Is the Syrian War Really Over?