Federal Antimonopoly Service of Russia approves Rosneft’s acquisition of 49% shares of Rosnefteflot

Federal Antimonopoly Service of Russia (FAS) has approved Rosneft’s acquisition of 49% shares of Rosnefteflot CJSC, FAS says in its press release. Major activities of Rosnefteflot CJSC is time-chartering and mooring operations.

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Rosneft activities include hydrocarbon exploration and production, upstream offshore projects, hydrocarbon refining, and crude oil, gas and product marketing in Russia and abroad. The Company is included in the list of strategic companies and organizations of Russia. The main Company shareholder (69.50%) is OJSC ROSNEFTEGAZ, a 100% state-owned company. BP owns another 19.75%, and the remaining 10.75% of shares are publicly traded.