OREANDA-NEWS. On May 03, 2007 LLC Neft-Aktiv, a 100% held indirect subsidiary of Rosneft, was declared the winner of an auction for Lot 10 of the YUKOS assets being sold in connection with the company's bankruptcy proceedings. After an opening price of RUR 166,339,025,000, Neft-Aktiv offered the winning bid of RUR 175,699,000,000, reported the press-centre of Rosneft.


Lot 10 consists of stakes in 37 enterprises, the most material of which include:
100% of Tomskneft-VNK;
70,78% of East Siberian Oil and Gas Company;
100% of Angarsk Petrochemical Company;
100% of Achinsk Refinery;
100% of Angarsk Polymer Plant;
100% of Strejevskoy Refinery;
25,88% in entities operating in power market in the Tomsk Region, including Tomskenergo, Tomsk Distribution Company, Tomsk Energy Retail Company, Tomsk Transmission Networks and others;
Numerous controlling stakes in oil products distribution companies owning retail stations and oil product storage facilities in Eastern Siberia, including Irkutsknefteprodukt (100%), Buryatnefteprodukt (95,11%), Khakasnefteprodukt VNK (100%) and Tomsknefteprodukt (100%).

Retail outlets
The retail businesses acquired include 8 retail subsidiaries controlling 236 retail stations which sell approximately 2000 tonnes per station annually. The acquisition of the above enterprises is a significant step in Rosneft?s development which will accelerate improvements in the Company's operational and financial performance via improved vertical integration, resulting earnings growth particularly from the attractive downstream market in Russia, and benefits of scale. Rosneft intends to publish more detailed information on the acquired assets including production, cost cutting and investment plans in July 2007 during its first annual performance review presentation with investors.