OREANDA-NEWS. August 8, 2007. Russian oil company Rosneft considers the operational assets in its own oil producing companies and Vostok Asia Transit LLC to be the company's most valuable purchases that were included in Lot 18 at YUKOS's bankruptcy auction.

In addition, significant funds have been accumulated in the accounts of one of the companies it has bought, according to Rosneft's press office. Rosneft has shown particular interest in Vostok Asia Transit LLC because it holds a license to supply oil to China via Mongolia.

Other tangible and intangible assets that were sold as part of Lot 18 included brand names for lubricants and other refined oil products.

More details on Rosneft's assets, operating plans and objectives will be made available by the end of 2007, once the new companies' business plans are checked and approved.