OREANDA-NEWS. On May 10, 2007 LLC Neft-Aktiv, a 100% held indirect subsidiary of Rosneft, was declared the winner of an auction for Lot 11 of the YUKOS assets being sold in connection with the company?s bankruptcy proceedings. After an opening price of RUR 154,090,729,276, Neft-Aktiv offered the winning bid of RUR 165,530,729,276, reported the press-centre of  Rosneft.
Lot 11 consists of stakes in 28 enterprises, the most material of which include:
100% of Samaraneftegaz
100% of Kuibyshev Refinery
100% of Novokuibyshev Refinery
100% of Syzran Refinery
100% stake in Novokuibyshev Oils and Additives Plant
Various stakes in a group of gas refining and oil product marketing companies that have refining capabilities, networks of service stations and tank farms located throughout Russia's Central Federal District. These include the Neftegorsk Gas Processing Plant (98,1%), Otradnoye Gas Processing Plant (98,1%), Samaranefteprodukt (100%) and the Samara Terminal (100%).
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.