What is "russneft"

Russneft is a Russian oil refining company and one of the largest producers of oil products in the country.

The company operated two refinery - one in Orsk and in Krasnodar. Combined they had a capacity of , as well as 100 petrol stations. Russneft is also an oil producer, having supplied in 2008 around 14 million tonnes of crude oil, with recoverable reserves of of oil and of natural gas. It also owns an oil terminal with a transit capacity of 7 million tonnes per year.

In addition, Russneft holds a controlling stake in Slavneft, which owns the Mozyr Refinery in Belarus with a capacity of , and the YaNOS Yaroslavl Refinery with a capacity of .

In May 2010, the company's major shareholder Mikhail Gutseriyev announced that Russneft and Bashneft will merge in two or three years.