Gutserievs also own Neftisa, Forte Invest and Global Energy companies.
“We earlier wanted to hold IPO after consolidating all our assets. However, then we wanted to taste the market and I think this is more reasonable decision. RussNeft’s reserves currently make $540 mln. Our output will make 8 mln tonnes this year. The company intended to understand value of these reserves and output. Our total reserves makes 850 mln tonnes, output – 17 mln tonnes”, Gutseriev said.
According to him, total worth of the company makes $10 billion: “The company will even be effective with the current prices of oil. I think the oil price will be $56-60 a barrel in the near future. Company’s debt declined $1.3 bln”.
Gutseriev noted that the Western banks, Kazakh, Azerbaijani and Belarusian banks are interested in IPO.
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